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For each posted invoice or payment distribution, Payables lists the accounts (expense, liability, or asset) affected by the transaction and the amount of the transaction in the entered currency. Payables also lists the transaction amount in your functional currency. If you use Oracle Cash Management to reconcile your payments, Payables also lists this information for each posted reconciliation distribution.
Payables divides the report into three sections:
GL/Pay Date. Payables prints the GL/Pay Date for the invoices/payments transferred to your general ledger. The GL Date for an invoice or payment determines the accounting period in which the transaction affects your general ledger account. Payables determines the period by comparing the GL Date to the ranges of dates you have defined for your accounting periods.
Payables uses the payment date of a payment as its GL Date.
Accounting Flex. Payables prints the accounts affected by the invoices/payments transferred to your general ledger.
For each transferred invoice distribution, Payables prints the expense and liability accounts charged.
For each transferred payment, Payables prints the liability and cash (asset) accounts charged.
Entered Debit. For an invoice distribution, Payables prints the debit amount, in the invoice currency, that is charged to the expense account.
For a payment, Payables prints the debit amount, in the payment currency, that is charged to the liability account.
Entered Credit. For an invoice distribution, Payables prints the credit amount, in the invoice currency, that is charged to the liability account.
For a payment, Payables prints the credit amount, in the payment currency, that is charged to the cash (asset) account.
Accounted Debit. For an invoice distribution, Payables prints the debit amount, in your functional currency, that is charged to the expense account.
For a payment, Payables prints the debit amount, in your functional currency, that is charged to the liability account for the payment.
This amount represents the actual amount used to update your account balances when you post the journal entries in your general ledger.
Accounted Credit. For an invoice distribution, Payables prints the credit amount, in your functional currency, that is charged to the liability account.
For a payment, Payables prints the credit amount, in your functional currency, that is charged to the cash (asset) account.
This amount represents the actual amount used to update your account balances when you post the journal entries in your general ledger.
Reconciling Payments with Oracle Cash Management
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