In a prior article on Cash Basis I covered how it should be setup. Now for a real example. When Standard Vouchers are paid and Cash Basis kicks in, it uses the voucher’s Expense GL coding for the debit, and cash account for the Credit. Similarly in AR: when cash is received, Cash Basis uses the invoice’s Income GL coding for the credit, and cash account for the Debit.
But what will Cash Basis do for non-standard vouchers? For example, if the voucher is created via a 3-way match? Where will the offset to the cash account come from? To find out, I setup a test. Read more…
Categories: AP, GL, JDEdwards, linkedin, Procurement Tags: 3-way Voucher Match, Cash Basis, EnterpriseOne, Financials, JDEdwards, Non-stock PO, R11C850, R11C854
It’s almost that time again. In December, the IT departments typically download the latest ESU’s for 1099 processing. And in January, AP managers struggle to remember what they did last year to generate those 1099′s. Oracle provides plenty of documentation on the 1099 process, but Myoraclesupports.com website has published a quick overview article summarizing the setups and generation steps involved. You can find it here. Read more…
Introduction
The Cash Basis accounting method is straightforward, and more intuitive to a non-accountant than the Accrual Basis method. In Cash Basis, income is recognized when cash is received, and expense is recognized when a debt is paid. While Cash Basis accounting is rarely used in industries like manufacturing or distribution, it’s common in real estate, government and non-profit industries among others. Read more…
You may have a requirement to generate separate checks for certain Vendors. Taxing entities come to mind as a prime example. If you have 5 approved vouchers in AP, a typical setup would combine them into a single payment. But you actually need separate payments for the Government, State and Local tax authorities. One method is to manually run the Create Payment Control Group and select individual Vouchers in the data selection. This is cumbersome and potentially error-prone. In the newer releases of JDEdwards, there is new functionality available to automatically accomplish this task. Read more…
Companies often have the need to enter large quantities of Vouchers/AP Invoices at a time. They may need to use it once for a one-time import, such as Open AP migration, or an ongoing process, like weekly imports of vouchers. Read more…
Setting up Recurring Vouchers in Accounts Payable can be a great time-saver. They are perfect for situations when vouchers need to be entered at specific intervals and the amounts and G/L Distributions are always the same. Examples might be:
- Monthly mortgage and car payments
- Quarterly subscription dues
- Annual life insurance payments
The process is similar to entering a Standard Voucher, with just a couple of extra fields to enter, and 1 report to run.
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The requirement of differentiating between ACH and Wire Transfers can be fulfilled in a number of different ways. This blog entry focuses on one possible method. The assumption is that each Vendor can have both types of transactions. If vendors exist that only do ACH or Wire Transfers, this technique can be streamlined by defaulting a specific Payment Instrument on the Supplier Master application. Read more…
If you wish to prevent duplicate invoices and checks from being entered in the AP system, there are several settings available to accomplish that. Read more…
A common scenario encountered at clients using multiple Companies is the desire to enter multi-line PO’s with each line referencing an expense account in a different Company. During vouchering, all the lines must hit a single AP Trade account. All the lines also need to go to the same default Bank account. Standard JDE setups typically spread the lines into different AP Trade and Bank accounts. Is there a way to force all the lines to go to the same AP Trade and Bank account? The answer is yes! To view the rest of this article, the system might ask you to sign-in or register. It’s free and you will get access to all articles on this blog. Read more…
