Date post: | 02-Jun-2018 |
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8/11/2019 Payable Process Flow Document
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8/11/2019 Payable Process Flow Document
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100,000
A/P
60,000
10,000
30,000
Validate invoiceEnter invoice
Pay invoice
Create accounting
entries in Subledger
Accounting
Transfer information
to general ledger
8/11/2019 Payable Process Flow Document
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Pay invoice
Record manual
payment
Create
payments
Select
validated
invoice
8/11/2019 Payable Process Flow Document
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Payables
General
LedgerSubledger
Accounting
E-Business
Tax
8/11/2019 Payable Process Flow Document
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2Prepare
Mass
Additions
Create
Mass
Additions
Post Mass
Additions1 3
AssetsPayables FA MassAdditions
8/11/2019 Payable Process Flow Document
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Create
Accounting
Transfer to
General Ledger1 2
General
LedgerPayables
Subledger
Accounting
8/11/2019 Payable Process Flow Document
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Enter
Invoice
Validate
InvoiceClick
Calculate
Tax
View Tax
Lines and
Distributions
Recalculate Taxes
8/11/2019 Payable Process Flow Document
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You may be required to withhold taxes from yoursupplier invoices.
Once you set up Payables to automatically withholdtax, you can withhold tax during payment processing.
You can control all withholding tax options in theWithholding Tax region of the Payables Optionswindow.
8/11/2019 Payable Process Flow Document
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Withholding tax invoices are automatically created in
the name of the tax authority & tax payments are
made against these invoices.
8/11/2019 Payable Process Flow Document
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8/11/2019 Payable Process Flow Document
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Enter supplierEnter invoice
Validate invoice
Create accounting
entries in Subledger
Accounting
Pay invoice
Create PO
Enter Purchase
Requisitions
Match to PO
8/11/2019 Payable Process Flow Document
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Standard
Credit Memo
Debit Memo
Prepayment
Withholding Tax
8/11/2019 Payable Process Flow Document
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• Currency
• Terms
• Amount
• Pay Date
• Type
• Amount
• Charge Acct.
• Type
• Supplier
• Number
Scheduled
Payments Distributions
Invoice Header
Invoice Lines
8/11/2019 Payable Process Flow Document
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Invoices Window
Invoice Header
General
Lines
Holds View Payments
Scheduled Payments
View PrepaymentApplications
Other Features
Actions
Calculate Tax
Tax Details
Match
Distributions
8/11/2019 Payable Process Flow Document
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Invoice Type Trading Partner
Supplier Number
Supplier Site
Invoice Date Invoice Number
Amount
Description
Payment Terms
Payment MethodScheduledPayments Distributions
Invoice Header
Invoice Lines
8/11/2019 Payable Process Flow Document
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Type Item
Freight Miscellaneous
Tax
Amount
Scheduled
PaymentsDistributions
Invoice Header
Invoice Lines
8/11/2019 Payable Process Flow Document
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GL Date
Account Track as Asset
Description
Scheduled
PaymentsDistributions
Invoice Header
Invoice Lines
8/11/2019 Payable Process Flow Document
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System holds
Manual holds Supplier hold
Invoice hold
Scheduled payment hold
8/11/2019 Payable Process Flow Document
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8/11/2019 Payable Process Flow Document
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The Payment Workbench, (Payments window)
accessible through the Invoice Workbench, is used to
generate:
- Manual payment
- Quick payment- Refund
8/11/2019 Payable Process Flow Document
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8/11/2019 Payable Process Flow Document
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Ensure:
1. Invoice Validation
2. Create Accounting3. Transfer to GL