Oracle GL

Discount refers to the payment terms or on quantity(bulk oreder discount)oredered.In the invoice received from supplier,discounts term is sepcificaly stated.E.G. If paid with in 15 days discount @ 2%,what you need to do is pay 2% less then the original invoice amount,however caution should be taken that the freight amount should not be considered while calculating the discount.Adjusment could be for various reasons.Over priced invoice,short delivery of quantity as per goods received note,poor quality etc.Agreed upon amount will be deducted from the invice, while making the payments.

Summary Account is an account whose balance represents the sum of other account balances. You can use summary accounts for faster reporting and inquiry as well as in formulas and allocations.

Rollup group is a collection of parent segment values for a given segment. You use rollup groups to define summary accounts based on parents in the group. You can use letters as well as numbers to name your rollup groups.

All the setups(Form, form function, form function attaching to menu, menu to responsibility) are fine. But even I am getting the error Function is not available to this responsibiltiy, please contact the system administrator.

This error we are getting for all custom developed forms. Same things are working fine in other instances.

VB.NET is a windows application

Where as C# is a console

vb.net is supported multiple inheritance c# does not supported multiple inheritances

set of book is a combination of currency,calendar,chart of accounts. Four conditions when u change ur sob is:

1.check your currency

2.check your calendar

3.check your chart of accounts

4.You have to assign your sob to your responsibility

If it is accounting period types, then there are three pre-defined types, namely month, quarter and year. User can also add period types.

If it is period status, then there are 5 period status, namely Never opened, Open, Future Enterable, closed and Permanently closed.

Types of invoices:

Invoice

Credit Memo

Debit Memo

Gaurantee

Charge Back

Deposite

Cross Validation Rule:Rules that define valid combinations of segment values a user can enter in an account. Cross-validation rules restrict users from entering invalid combinations of account segment values.

Security Rule:It determines the accounting transaction user can view at differenty levels of hierarchy, such as at Site Level -->Application Level --> Responsibility Level --> User level.

1. Manual entry

2. Subledger Entry

3. Spreadsheet Entry

4. Recurring Entry

5. Mass Allocation

Types of Invoice :Standard,CM,DM,Expense,Pre-Payment

Recurring Invoice is a type of invoice which occurs at definite intervals of time. The best example for a recurring invoice is Rent paid to the Owner.

Drilldown from Oracle General Ledger 11i is supported for Oracle Payables, Oracle Receivables, Oracle Assets (except depreciation), Projects, Purchasing, Inventory, and Work in Process (WIP).

There are 4 types of journal entries.

1. Basic Journal Entry - Used for most of the accounting transactions

2. Reversing JE - Created by reversing the existing journal entry

3. Recurring JE - Defined once and then generated for subsequent

accounting period

4. Mass Allocation - Created to allocate the revenues and assets to a

group of resources(cost centers, depts, divisions,etc) from a single

Journal.

AR invoice is a document sent to the customer with details like, Bill-to customer code, product code, qty sent, price, currency, credit terms, tax details,etc. Based on this invoice, customer will make payment to the company and the same is applied against the invoice.

AP invoice is the document received from the supplier and contains informations such supplier details, product code, qty, price and tax details. This invoice is entered in the AP module and payment is made to the supplier against this invoice.

HR data is at business group level.

GL Data is differentiated based on set of books id.

AP and AR data is mostly at operating unit level.

Inventory, BOM, WIP data is at inventory organizaiton level.

GL date is the date used to determine the correct accounting period for your transactions where as the GL posting date is the date when the journal entry is posted th GL.

GL is like AR->GL<-AP

AR and AP both transfer the data in GL .

AR Contains all Invoices/Receipts /CM/DM and same way AP also have AP Vouchers.

For GL:

1. Set of Books(Chart of Accounts)

2.Calander

3.Currency

For AP:

1.Suppliers(Creditors)

2.Invoice

3.Look up codes

4.Selection of Set of Books

5.Payment Terms

6.Financial & Payable Option

7.Define Banks

For AR:

1.Flexifiled

2System option

3.Payment Terms

4.Open period

5.Auto Accounting

6.Transcation Type

7.Transcation Source