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…
Sometimes you may come across a situation where the only way to fix an issue is via a single-sided Journal Entry. Maybe a Company or a batch is out of balance, or a system glitch has posted only part of the transaction. Whatever the reason, this blog entry will show you how to enter a single-sided Journal Entry, and then post an unbalanced batch. Read more…
Lease accounting for property and equipment will soon get a lot more complicated, according to this CFO.com article (found here). The new FASB recommendations are to be released some time in June. Read more…
When I last tried to implement Configured Hub as the Intercompany settlement method, the year was 2005, the latest release of JD Edwards was 8.11 and Configured Hub was just added as new functionality. While the idea of a Configured Hub was attractive, it lacked tight integration in the AP, AR and PO modules. This created too many possibilities for errors and made it impractical to implement. 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…
The existing Financial Reports that come standard with JDEdwards are not pretty, I must admit. They tend to get very long due to 0-balance accounts printing. Sometimes it’s hard to figure out which accounts are listed, because only the Account Description prints, not the Account Number. And how do you get them to print the balances for specific Business Units, vs. rolling them up to the Company level, or maybe even using a category Code to consolidate? The last topic is the focus of this article: report consolidations. Read more…
