Financials 12: Payables Management Fundamentals

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Course Overview

In this course, participants learn how to set up and use Oracle Payables to manage the accounts payable process. There are hands-on exercises, through which the participants learn how to manage suppliers, process invoices as well as payments and generate key reports.

Participants also learn how to approve invoices for payment, process, stop and void payments, set up bank accounts and process pay runs. Finally, the students learn how to close accounts payable periods and view Payables accounting entries in Oracle Subledger Accounting.

• Manage Suppliers
• Process Invoices and Payments
• Generate Key Payables Reports
• Approve Invoices for Payment
• Process, Stop, and Void Payments
• Set Up Bank Accounts

Audience

• End Users
• Functional Implementer
• Project Manager

Prerequisites

• 11i eBusiness Suite Essentials for Implementers

Skills Gained

• Understanding Managing Suppliers
• Understanding how to Process Invoices and Payments
• Generating Key Payables Reports
• Approving Invoices for Payment
• Process, Stop, and Void Payments
• Setting Up Bank Accounts
• Processing Pay Runs
• Closing Payables Periods
• View Accounting

Course Outline

Procure to Pay Overview

• Describing the Procure to Pay Process Flow
• Describing how the Procure to Pay Process Fits Across the eBusiness Suite Applications

Payables Overview

• Overview of Payables Processes
• Understanding Supplier Entry
• Understanding Invoice Entry
• Understanding Payments
• Analyzing Payables Integration Points
• Using Payables Open Interfaces to Import Data

Suppliers

• Understanding the Procure to Pay Lifecycle
• Defining Supplier and Supplier Sites
• Identifying the Key Reports
• Understanding Setup Options
• Analyzing Implementation Considerations

Invoices

• Importing and Entering Invoices and Invoice Distributions
• Matching Invoices to Purchase Orders
• Validating Invoices
• Applying and Releasing Holds
• Understanding the Invoice Approval Workflow
• Generating Key Reports
• Analyzing Setup Options
• Analyzing Implementation Considerations

Payments

• Describing the Payments Process
• Setting Up Banks and Bank Accounts
• Entering Single Payments
• Processing Multiple Payments
• Understanding how to Review Payments
• Understanding how to Adjust Payments
• Analyze Setting up and Creating Bills Payable
• Creating, Applying, and Releasing Holds on Prepayments

Expense Reports and Credit Cards

• Describing the Expense Reports Process
• Understanding how to Enter Expense Report Templates
• Entering Expense Reports
• Understanding how to Apply Advances
• Identifying the Key Expense Reports
• Understanding how to Set Up Credit Card Programs

Period Close

• Describing the Period Closing Process in Payables
• Describing the Period Closing Process in Purchasing
• Reconciling Payables Transactions for the Period
• Identifying Key Programs and Reports
• Understanding Setup Options
• Understanding Implementation Considerations

1099 Reporting

• Describing How to Enable 1099 Suppliers
• Entering Invoices for 1099 Suppliers
• Updating the 1099 Information
• Understanding the 1099 Setup Options
• Understanding Implementation Considerations

Transaction Taxes in Payables

• Describing how Transaction Taxes are Calculated
• Inserting Manual Tax Lines
• Updating Transaction Tax Lines
• Viewing Tax Summary and Details
• Identifying Key Reports
• Understanding Setup Options

Withholding Tax

• Identifying the Withholding Tax Process
• Using Withholding Tax Options
• Processing Manual Withholding Tax Invoices
• Creating Withholding Tax Invoices
• Processing Automatic Withholding Tax Invoices
• Analyzing Standard Key Reports

Advances and Progressive Contract Financing

• Understanding the Purpose of Complex Service Contracts
• Identifying Advances, Contract Financing, and Progress Payment Invoices
• Calculating Retainage
• Recouping Prepaid Amounts for Complex Service Contract

Follow On Courses

• R12 Oracle General Ledger Management Fundamentals
• R12 Oracle E-Business Tax Fundamentals

Financials 12: Payables Management Fundamentals / D49300GC10