Professional Documents
Culture Documents
General Set Up
Invoicing
Approve Invoices
Payments
Void a payment
Explain Bank Reconciliations
Fusion Expenses
Reporting
You can create accounting entries for invoice and payment transactions using Oracle Fusion
Subledger Accounting. Subledger Accounting creates the final accounting for subledger journal
entries and transfers the accounting to Oracle Fusion General Ledger. Subledger Accounting uses
a set of predefined account rules to create accounting, but you can define your own detailed
accounting rules.
Payables predefines accounting event classes and accounting event types that are used by
Subledger Accounting. You can modify the accounting setup to create accounting for some
events and not for others.
This table describes the event classes and types that Payables predefines for invoices and
payments.
When you submit a payment process request, you can enable the Apply credits up to zero
amount payment option. Enabling the option causes the payment process to apply credits when
the credits reduce the payment amount below zero.
The following table describes the payment processing that occurs based on the setting for the
Apply credits up to zero amount payment option.
Applies 200 USD of the credit memo to the invoice and creates a payment for 0 USD.
Enabled
The remaining credit is 25 USD.
Doesn't select the invoice or credit memo for payment because the credit reduces the
Disabled
payment to -25 USD, which is less than zero.
You can use the Apply credits up to zero amount payment option, which is on the Submit
Payment Process Request page, to offset credit amounts against standard invoices issued by your
supplier. This option is applicable only when the total credit amount for a payment process
request is greater than the total standard invoice amount. If you don't use the option, and the total
credit amount for a payment process request is greater than the total standard invoice amount, no
invoices are selected for payment and the payment process request terminates. Navigate to:
Navigator > Payables menu > Payments link > Payments Tasks pane > Submit Payment Process
Request link > Submit Payment Process Request page.
In the preceding table, the assumption is that all available installments in the payment process
request are selected. For this example, the following is true:
Since the invoice total is greater than the credit total, the total payment amount is a positive
$250. In this scenario, the maximize credits option is irrelevant.
The following table shows payment installments that are available for selection in a payment
process request where the total standard invoice amount is less than the total credit amount.
In the preceding table, the assumption is that all available installments in the payment process
request are selected. For this example, the following is true:
Since the invoice total is less than the credit total, the total payment amount is a negative $ -250.
When the payment amount is negative, Oracle Fusion Payments checks whether the Apply
credits up to zero amount payment check box is selected.
If the maximize credits option is selected, the application creates a zero payment by offsetting
the credit memos against the standard invoices. When the credit total is a negative amount,
Payments selects invoice installments and adjusts credit memo amounts so that the total amount
of the payment process request is zero as shown in the following table.
In the preceding table, the assumption is that the payment process request selects all available
invoice installments and selects and adjusts specific credit memos. For this example, the
following is true:
Payment total = $0
Note: CM103 is not selected and the amount for CM100 is adjusted from -100 to -50 to equal the
payment total of zero, 0 USD.
If the maximize credits option is deselected, the payment process request is terminated with a
message that indicates no invoices were selected
Pay Through Dates and Payment Dates in Payment Process Requests: Examples
Payment process requests use the Pay Through Date and Payment Date values to determine
whether to select an installment for payment and take a discount.
The following scenario illustrates the effect of these values in a payment process request, along
with the impact of the Always Take Discount option.
The Date Basis on the payment process request is Pay Date, and the Pay Date Basis for the
supplier site is set to Discount.
This table provides examples of different Pay Through Date, Payment Date, and Always Take
Discount combinations, and the resulting installment and discount information.
Always
Pay
Payment Take Installment
Example Through Discount Taken Amount
Date Discount Selected?
Date
Option
Note: Results are different if the Date Basis is Due Date, or the Date Basis is Pay
Date and the supplier Pay Date Basis is Due. In this case, the payment process
request selects the installment only when the Pay Through Date is on or after the
due date
Date Basis in Payment Process Requests: Examples
You can specify a date basis of either Pay date or Due date on the Selection Criteria tab on the
payment process request pages. Date basis affects the installment selection and discount taken.
The following scenarios illustrate the effect of the date basis setting in a payment process
request.
Pay Date
If you set the Date Basis field to Pay date, the Pay Date Basis setting on the supplier site also
affects the installment selection and discount taken.
Note: Specify the Pay Date Basis in the Terms section of the Invoicing tab on the
Supplier Site pages.
The following table shows the effect of the Pay Date Basis on the payment process request.
Due Date
If you set the Date Basis field to Due date, the installment isn't selected for payment because the
due date of March 31 is later than the pay through date of March 30.
The accounting and payment records for the invoices that were paid are automatically reversed.
If the Create interest invoices option on the Manage Invoice Options page is enabled, all
related interest invoices are reversed.
If the invoice is associated with a withholding tax invoice and tax is withheld at payment,
a reversing invoice is automatically created. This reversing invoice for the tax authority
offsets the withholding tax invoice.
Note: When you void a payment, you can select to cancel the invoices, place a hold
on the invoices, or leave the invoices available for payment.
An installment can meet the selection criteria of a payment process request, but not get selected
for payment for one or more reasons. You can review installments that weren't selected for
payment and the reasons they weren't selected, on the Not Selected tab on the Review
Installments page.
Here are the reasons why an installment might not get selected for payment.
Having the payment date before the system date isn't allowed.
The installment was manually removed from the payment process request.
A. 100
B. 50
C. 1000
D. As many as needed
Answer: D
2. Correctly order the steps involved setting up an electronic payment method with
a defaulting rule.
A. 1, 2, 3, 4
B. 4, 3, 2, 1
C. 2, 4, 3, 1
D. 2, 3, 4, 1
Answer: A
3. The client is trying to print payables checks but several invoices are not being
included. What is the cause of this?
A. The invoices were entered by a user who does not have access to print
checks
B. The invoices are for suppliers who are currently included in a Payroll
Payment File.
C. The invoices were out of sequence
D. The invoices are part of a closed accounting period
Answer: D
A. Values include legal entities, business units, ledgers and tax regimes.
B. Different setup data can be entered for different scope values.
C. Scope values are defined when the implementation project is created and
cannot be changed.
D. If the parent task list of a task has scope defined, you will be prompted to
pick a scope value
Answer: C
5. Which statements are NOT true about Implementation Project? (Choose two)
A. You can create custom tasks and add them to implementation projects.
B. You can assign a task to only one user.
C. You can create implementation projects to maintain setup data.
D. Once you have entered setup data for a task the status is automatically
changed to Completed.
Answer: B, D
6. Which options allow the user to automatically create distributions for an invoice?
(Choose three)
A. Matching an invoice to a purchase order or receipt
B. Distribution Sets
C. Payment Process Profile
D. Allocation of freight and miscellaneous lines
E. The Manage Distributions page
Answer: A, B, D
Answer: B
Answer: C
9. Your business processes multiple payment batches every week. These batches
can be categorized using similar selection criteria. Which option allows you to
streamline the payment batch entry process?
A. Payment Process Request
B. Payment Process Profile
C. Payment Process Request Template
D. Payment Formats
Answer: C
10. You would like to deploy Oracle Fusion Expenses as a stand-alone application.
Which other products require minimum setup in all cases to accomplish this?
(Choose three)
A. Oracle Fusion Tax
B. Oracle Fusion Payables
C. Oracle Fusion Payments
D. Oracle Fusion Accounts Payable
E. Oracle Fusion Subledger Accounting
Answer: B, C, D
Answer: B, D
12. You have run the Payables to Ledger Reconciliation Report and there is a
variance reported in the Accounting Amount column.
Which option should NOT be used to identify the source of the variance?
A. Posted Invoice Register
B. Beginning Payables Trial Balance Report
C. Posted Payment Register
D. Payables Invoice Aging Report
Answer: D
Answer: B
Answer: D
Answer: D