how to record the transaction.

[nrao1981]

hi, i purchased some goods. in this case how it will be recorded in oracle financials. shall we pass a journal entry in GL or in paybales we prepare the invoice and we created accounting and we transfer to GL. when we transfer from ap to Gl it will create accounting.so may question is it require to pass the journal entry in GL or not. how the process will be ?


thanks

[tgs100]

Your questions are very basic. I would suggest you to first go through oracle documents. Initially you may not understand fully, but it is worth reading.

You can follow many processes depending on the requirements and the implemented modules.

If PO is implemented, you can enter PO, Receipt, Invoice, Payment and then create accounting and transfer to GL. In this case you should only reivew and post the JV in GL.

If PO is not implemented, then create invoice directly in AP (if AP is implemented), make payment and then create accounting and transfer to GL. In this case also you should only reivew and post the JV in GL.

If PO and AP are not implemented, then you should directly enter/upload the purchase JV in GL and post the same.

Cheers,
Saravanan