Financials Options
Use the Financials Options window to define the options and defaults that you use for your Oracle Financial Application(s). Values you enter in this window are shared by Oracle Payables, Oracle Purchasing, and Oracle Assets. You can define defaults in this window to simplify supplier entry, requisition entry, purchase order entry, invoice entry, and automatic payments. Depending on your application, you may not be required to enter all fields.
Although you only need to define these options and defaults once, you can update them at any time. If you change an option and it is used as a default value elsewhere in the system, it will only be used as a default for subsequent transactions. For example, if you change the Payment Terms from Immediate to Net 30, Net 30 will be used as a default for any new suppliers you enter, but the change will not affect the Payment Terms of existing suppliers.
Attention Oracle Payables Users:
You are required to enter defaults for the Accounting Financials Options in the Accounting region. If you do not use encumbrance accounting or budgetary control, you do not need to enter defaults in the Encumbrance region. If you do not also have Oracle Purchasing installed, you do not need to enter defaults in the Supplier - Purchasing region. If you do not have Oracle Human Resources installed, you are not required to enter defaults in the Human Resources region. If your organization does not need to record a VAT registration number, you don't need to enter defaults in the Tax region. Payables uses most of the Supplier-Payables Financials Options as defaults in the Suppliers window. To see the default hierarchy for Payables review the Account Default Hierarchy Chart.
Attention Oracle Purchasing Users:
If Purchasing is the only product you use, you are only required to enter information in the following regions: Accounting and Supplier Purchasing.
Attention Oracle Assets Users:
If Oracle Assets is the only product you use, you are only required to enter information in the following regions: Supplier, Human Resources, and Accounting.
Attention Encumbrance Accounting Users:
If you use encumbrance accounting, and you have Oracle Payables, Oracle Purchasing, and Oracle General Ledger installed, define your encumbrance options in the Encumbrance Financials Options region. See: Defining Encumbrance Types.
See Also
Defining Financials Options
Financials Options Window Reference
