Oracle payable Overview
How to Setup Oracle Apps Accounts Payable?. Oracle Payable is one of the Financials Suite’s modules. This module is responsible for documenting all liabilities as well as making payments and prepayments. Oracle General Ledger is closely integrated with this module. This permits all payable accounting entries to be transferred to General Ledger.
The Invoice and Payment are two completely integrated workbenches in Payable. The Invoice or the Payment Workbench can be used to complete the majority of transactions in Payable. In Invoice Workbench we can enter, adjust, and evaluate invoices. In the Payments Workbench, we generate, modify, and evaluate payments.
Purchasing and other purchasing systems are fully integrated with Payable. This allows you to look up purchasing information online and compare invoices to purchase orders or receipts.
Oracle Payable module fully integrate with the Fixed Asset module. This allows us to account and transfer required data to the fixed asset module for performing asset additions and adjustments.
Business Cycle in Oracle Payables
