Federal Accounting Entries for Voided Payments After Treasury Confirmation

Automatically generate accounting when a previously confirmed payment is voided. Payments are made by the US Department of Treasury on behalf of agencies through the Treasury Confirmation process. Agencies are required to account for payments as they are communicated to the Treasury through treasury payment schedules until the treasury confirmation is received.

The business benefit of this feature is to automatically generate the accounting entries for voided payments to ensure accurate and compliant accounting without manual intervention.

Steps to Enable and Configure

The following needs to be enabled:

• U.S. Federal Financials must be enabled.
• U.S. Federal Payments must be enabled.
• General Ledger must be defined as U.S. Federal.

Key Resources

For more information, refer to the Implementing U.S. Federal Financials and Using U.S. Federal Financials guides.

Access Requirements

To use this feature, you need the following privileges: 

• Privilege Name and Code:
  • Manage Federal Financials Setup (ORA_FV_MANAGE_FEDERAL_FINANCIALS_SETUP)

• Duty Role Name and Code:
  • Federal Administration Duty (ORA_FV_FEDERAL_ADMINISTRATION_DUTY)
  • Payables Invoice Creation (ORA_AP_PAYABLES_INVOICE_CREATION_DUTY)
  • Payables Payment Processing (ORA_AP_PAYABLES_PAYMENT_PROCESSING_DUTY)