Processing Transactions in Purchasing
This section describes the flow of transactions from Purchasing to General Ledger in an MRC environment.
To process transactions in Purchasing:
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. When you commit the receipt transactions, the GL interface tables are loaded automatically in the primary and reporting sets of books.
3. After you have committed the receipt transactions and the interface tables have been loaded, run the Journal Import process from your primary General Ledger responsibility,
4. 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.
5. For each reporting set of books, repeat Steps 3 and 4.
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 report on the transactions you entered or created in Step 1 in both the transaction currency and the corresponding reporting functional currency.
See Also
Oracle Purchasing User's Guide
General Ledger Journal Processing with MRC
Processing Transactions in Assets
Processing Transactions in Payables and Receivables
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
