Processing Transactions in Payables and Receivables
This section describes the flow of transactions from Payables and Receivables to General Ledger in an MRC environment.
To process transactions in Payables and Receivables:
1. Enter transactions in your primary responsibility.
When you save the transactions, the entered transaction amounts are converted to the primary functional currency.
Entered transaction amounts are converted to each associated reporting currency according to the defined conversion options.
2. From the primary responsibility, transfer the transactions to General Ledger by running the following programs:
For Payables, run the Payables Transfer to General Ledger program.
For Receivables, run the GL Interface program.
3. After you complete the Journal Import process from your primary General Ledger responsibility, post the imported journals in your primary set of books.
The posting process updates the account balances in both the transaction currency and the primary functional currency.
4. For each reporting set of books, repeat Steps 2 and 3.
The posting process updates the account balances in both the transaction currency and the reporting functional currency.
You can report and inquire on journal entries and account balances in both your primary and reporting sets of books.
From each associated reporting responsibility, you can view and report on the transactions you entered in Step 1 in both the transaction currency and the corresponding reporting functional currency.
See Also
Oracle Payables User's Guide
Oracle Receivables User's Guide
General Ledger Journal Processing with MRC
Processing Transactions in Assets
Processing Transactions in Purchasing
Processing Transactions in Project Costing
Processing Transactions in Project Billing
Global Accounting Engine Payables and Receivables Transactions Processing with MRC
Multiple Product Installation Groups and Multiple Organization Architecture
