How Invoices and Payments Are Accounted

You can create accounting entries for invoice and payment transactions using Oracle Fusion Subledger Accounting. Subledger Accounting creates the final accounting for subledger journal entries and transfers the accounting to Oracle Fusion General Ledger.

Subledger Accounting uses a set of predefined account rules to create accounting, but you can define your own detailed accounting rules.

Payables Event Classes and Types

Subledger Accounting uses predefined accounting event classes and accounting event types. You can modify your accounting setup to create accounting for some events and not for others.

This table lists the predefined payables event classes and types.

Event Class	Event Type
Adjustment Entry	Manual
Bills Payable	Bill Payable Matured Bill Payable Maturity Adjusted Bill Payable Maturity Reversed
Credit Memos	Credit Memo Adjusted Credit Memo Canceled Credit Memo Validated
Debit Memos	Debit Memo Adjusted Debit Memo Canceled Debit Memo Validated
Invoices	Invoice Adjusted Invoice Canceled Invoice Validated
Payments	Manual Payment Adjusted Payment Adjusted Payment Canceled Payment Created
Prepayment Applications	Prepayment Application Adjusted Prepayment Applied Prepayment Unapplied
Prepayments	Prepayment Adjusted Prepayment Canceled Prepayment Validated
Reconciled Payments	Payment Cleared Payment Clearing Adjusted Payment Uncleared
Refunds	Refund Adjusted Refund Canceled Refund Recorded
Third-Party Merge	Full Merge Partial Merge