Payables provides the following invoice types:
Simple invoicing number convention update#
If your tax setup permits, you can update the tax lines or manually enter tax lines. E-Business tax creates the necessary tax lines and distributions for the invoice and allocates tax.
Simple invoicing number convention plus#
E-Business Tax uses your tax setup, plus fields on the invoice header and lines, known as tax drivers, to determine which taxes should be applied to the invoice, to calculate the tax using the appropriate tax rates, and to determine whether or not the tax is recoverable or non-recoverable. Payables integrates with Oracle E-Business Tax to automatically determine and calculate the applicable tax lines for your invoices. Like Freight lines, Miscellaneous lines can be allocated to Item lines. Miscellaneous lines capture the details of other charges on your invoices such as installation or service. Freight charges can be allocated to Item lines as required. Freight and Miscellaneous Linesįreight lines capture the details of your freight charges. Item lines capture the details of the goods and services billed on your invoice.
The following different types of invoice lines are supported: Item Lines Requesters must approve all lines before they can approve the invoice header. You can set up line-level approvals using the Invoice Lines Approval workflow. If you need to enter a price or quantity correction, you can do so for the specific line. Each distribution serves as the source for an accounting entry generated from the invoice. See: Matching to Purchase Orders.Įach invoice line can have multiple distributions tied to each line. The Lines tab of the Invoice Workbench captures all of the details for the invoice line necessary for accounting, as well as for cross-product integration with other Oracle E-Business Suite applications, such as Assets, Grants Accounting, Inventory, Projects, Purchasing, Property Manager, and Receivables.įor each invoice, you can manually enter invoice lines, or you can automatically generate lines by matching the invoice to a purchase order shipment, pay item, or receipt. There can be multiple invoice lines for each invoice header. The invoice lines define the details of the goods and services as well as the tax, freight, and miscellaneous charges invoiced by the supplier. You can override the header level information for individual lines, as required. Information specified at the invoice header level defaults down to the line level. The invoice header defines the common information about the invoice: invoice number and date, supplier information, remittance information, and payment terms. You can enter either a positive or a negative amount for Mixed invoice type.Ī type of invoice you entr to pay an advance payment for expenses to a supplier or employee.Īn invoice representing an amount due to an employee for business-related expenses.Īn invoice you enter to remit taxes withheld to the appropriate tax authority.Īn invoice created for complex work and advance contract financing Satandard invoices can be either mathced to a purchase order or not matched.Ī memo from a supplier representing a credit amount toward goods or servicesĪn invoice you enter to record a credit for a supplier who does not send you a credit memo.Īn invoice type you enter for matching to both purchase orders and invoices.
Invoice TypesĪn invoice from a supplier representing an amount due for goods or services purchased. When you enter an invoice in Payables, the invoice information is divided between the invoice header and the invoice lines.
Oracle Payables lets you capture all the attributes of the real-life invoice documents you receive from your suppliers. Entering Invoices for Suppliers Subject to Income Tax Reporting RequirementsĪn invoice is an itemized list of goods shipped or services rendered, with an account of all costs.Entering Invoices with Matched Purchase Orders and Receipts in the Invoice Workbench.Entering Invoices in the Invoice Workbench.Entering Invoice Batches in the Invoice Workbench.This chapter covers the following topics:
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