Required setup for Oracle AP

Oracle ebusiness suite>Oracle Financial> Oracle Payables

Question of the Day!!  

      

          

Module: Oracle Accounts Payables

Question:  What are required setup for AP?

Ans: Required setup in AP is as under

1.   Install or upgrade payables

2.   Select primary set of books

3.   Use the system administrator responsibility to assign your set of books to a responsibility. (Profile Option)

4.   Define financials options.

5.   Define payables options.

6.   Define payment terms.

7.   Define banks, bank transmission details and bank accounts

8.   Open payable accounting period

9.   Set up Print Styles and Drivers for the supplier Mailing labels report