Setup Payables Options

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Transaction Description

Header Fields

Accounting Option

List of Fields

• Payment Accounting
  • Account for Payment
    • When Payment is Issued
    • When Payment Clears
  • Account for Gain/Loss
    • When Payment is Issued
    • When Payment Clears
  • Future Dated Payment Account Source
    • From Payment Document
    • From Supplier Site
• Automatic Offset Method
  • None
  • Balancing
  • Account
• Interest
  • System Account
  • Prorate Across Invoices
• Discount Method
  • System Account
  • Prorate Expense *Prorate Tax
• Prepayment Account
  • From Supplier Site
  • From Purchase Order

Currency

List of Fields

• Use Multiple Currencies
• Require Exchange Rate Entry
• Calculate User Exchange Rate
• Exchange Rate Type
• GL Accounts
  • Realized Gain
  • Realized loss
  • Rounding

Tax Reporting

List of Fields

• Combined Filing Program
• Use Pay Site Tax Region
• Income Tax Region

Invoice

List of Fields

• Main
  • Confirm Date as Invoice Number
  • Allow Online Validation
  • Allow document Category Override
  • Allow Adjustments to Paid Invoices
  • Recalculate Scheduled Payment
  • Allow Remit-To Account Override
  • Receipt Acceptance Days
• Freight
  • Freight Account
• Tax Tolerance
  • Tax
  • Tax Amount Range
• GL Date Basis
  • Invoice Date
  • System Date
  • Goods Received/Invoice Date
  • Goods Received/System Date
• Prepayment
  • Payment Terms
  • Settlement Days
  • Tax Difference Account

Approval

List of Fields

• Use Invoice Approval Workflow
• Allow Force Approval
• Approval Processing Sequence
  • Require Validation Before Approval
  • Require Accounting Before Approval

Matching

List of Fields

• Allow Final Matching
• Allow Distribution Level Matching
• Allow Matching Account Override
• Transfer PO Descriptive Flexfield Information
• Tolerances
  • Goods Tolerances
  • Services Tolerances

Interest

List of Fields

• Allow Interest Invoices
• Minimum Interest Amount
• Interest Invoice Accounts
  • Expense
  • Liability

Expense Report

List of Fields

• Default Template
• Apply Advances
• Automatically Create Employee as Supplier
  • Payment Terms
  • Pay Group
  • Payment Priority * Hold Unmatched Expense Reports

Payment

List of Fields

• Discount
  • Exclude Tax from Discount Calculation
• Single Payment
  • Allow Pre-Date
  • Allow Void and Reissue
  • Allow Address Change
• Bank Charges
  • Enable Bank Charge Deduction from Payment
  • Deduct Bank Charge from Payment

Withholding Tax

List of Fields

• Use Withholding Tax
• Allow Manual Withholding
• Tax Group
• Apply Withholding Tax
  • Never
  • At Invoice Validation Time
  • At Payment Time
• Withholding Amount Basis
  • Include Discount Amount
  • Include Tax Amount
• Create Withholding Invoice
  • Never
  • At Invoice Validation Time
  • At Payment Time

Reports

List of Fields

• Report Sorting
  • Sort by Alternate Field

Comments

Links

• Related: AccountsPayable

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Collaborating Authors and Reviewers: -- DianeMcHugh - 21 Dec 2007