Derive Receivables and Payables Accounts for External Trade Events Using Transaction Account Definition

Earlier, when you uploaded and processed intercompany transactions from Oracle subscriptions or external sources into Financial Orchestration to generate receivables and Payables invoices, you were required to set up the control accounts of receivables and Payables in Advanced Global Intercompany System (OAGIS) using the new external trade as a business flow in the financial agreement. The new events were also imported using REST services. With this update, you now additionally leverage the Transaction Accounting Definition setup under the Supply Chain Financial Flows page. This gives you flexibility to derive the correct account for these transactions when creating intercompany receivables and Payables invoices for intercompany receivables mapping set, Payables set, along with the earlier supported provider distribution mapping set and receiver distribution mapping set.

You can now configure all the relevant accounts for your intercompany transactions coming from external sources in one place, by making use of additional accounting sources that are made available for External Trade business flow.

Steps to enable and configure

You don't need to do anything to enable this feature.

Tips and considerations

• If the account isn't defined for intercompany receivables and intercompany Payables in mapping set, Financial Orchestration won't send any account to receivables or Payables as part of invoice creation. In this case, the control account derivation will be from OAGIS setup.
• To avoid any reconciliation issues, ensure the account setup in mapping set is done for both intercompany receivables and Payables mapping set.

Key resources

• Refer to the 25A what's new documents on Oracle Subscriptions or External Sources available on the Oracle Release Readiness.
• Refer to the 24D what's new documents on Oracle Subscriptions or External Sources available on the Oracle Release Readiness.
• Refer to the Oracle Fusion Cloud SCM: Implementing Manufacturing and Supply Chain Materials Management guide, available on the Oracle Help Center.

Access requirements

Users who are assigned a configured job role that contains these privileges can access this feature:

• Manage Documentation and Accounting Rules (FOS_MANAGE_TRADE_AND_ACCOUNTING_RULES)
• Maintain Supply Chain Financial Orchestration Flow(FOS_MAINTAIN_SUPPLY_CHAIN_FINANCIAL_TRADE_AGREEMENT)
• Manage Supply Chain Financial Orchestration Flow (FOS_MANAGE_SUPPLY_CHAIN_FINANCIAL_TRADE_AGREEMENT)
• Manage Supply Chain Financial Orchestration Qualifiers (FOS_MANAGE_TRADE_QUALIFIERS)
• Manage Supply Chain Financial Orchestration System Options (FOS_MANAGE_SUPPLY_CHAIN_FINANCIAL_ORCHESTRATION_SYSTEM_OPTIONS)
• Manage Transfer Pricing Rules (FOS_MANAGE_TRANSFER_PRICING_RULES)
• Manage External Trade Events by Web Service (FOS_IMPORT_EXTERNAL_TRADE_EVENTS_WEB_SERVICE)
• Transfer Financial Orchestration Task Layer Status (FOS_TASK_LAYER_CALL_BACK)
• Manage Profit Center Business Unit to Party Relationship (FOS_MANAGE_PROFIT_CENTER_BUSINESS_UNIT_PARTY_RELATIONSHIP)
• Run Supply Chain Financial Orchestration Flow Definitions Upgrade (FOS_FINANCIAL_ORCHESTRATION_FLOW_DEFINITIONS_UPGRADE)