Creating a Requisition (Oracle General Ledger Users' Guide)


	Previous	Next		Contents	Index	Navigation	Glossary	Library

Creating a Requisition

You can quickly create a requisition using ReqExpress or the Enter Requisitions window by entering one or more requisition lines and basic accounting information. Depending on how you set up Oracle Purchasing, you might be able to approve a requisition and reserve funds for it.

When you create distributions for a requisition, you must enter the following accounts:

Charge Account The account where you record the accounting effect of the purchase order. Typically, the charge account is either inventory or expense.

Budget Account The account against which you perform budgetary control. The budget account is also the account that Oracle Purchasing uses to create encumbrance entries.

Accrual Account The account where you record accruals.

Variance Account The account where you record variances between the purchase order and the invoice (invoice price variance).

You can use FlexBuilder to create these accounts automatically.

Oracle Purchasing makes a requisition available for creating purchase orders when the following occurs:

A preparer or approver with sufficient monetary authority approves the requisition and does not forward it to another individual and

A preparer or approver has reserved funds for the entire requisition

Contents

Index

Navigation

Glossary

Library

Charge Account	The account where you record the accounting effect of the purchase order. Typically, the charge account is either inventory or expense.
Budget Account	The account against which you perform budgetary control. The budget account is also the account that Oracle Purchasing uses to create encumbrance entries.
Accrual Account	The account where you record accruals.
Variance Account	The account where you record variances between the purchase order and the invoice (invoice price variance).