Financials options for Oracle Payables

Oracle ebusiness suite>Oracle Financial> Oracle Payables

Financials options for Oracle Payables: 

Use the Financials Options window to define the options and defaults that you use for your Oracle Financial Application(s). 

Values you enter in this window are shared by Oracle Payables, Oracle Purchasing, and Oracle Assets. Requisition entry, purchase order entry, invoice entry, and automatic payments. 

Navigation: Payables --> Setup --> Options --> Financial.

  
 Click on New button.

Accounting Tab: 

You are required to enter defaults for the Accounting Financials Options in the Accounting region. 

Enter Liability, Prepayment, Discount Taken.

Supplier-Purchasing Tab: 

If you do not also have Oracle Purchasing installed, you do not need to enter defaults in the Supplier- Purchasing region.

  

 Encumbrance Tab:

 If you do not use encumbrance accounting or budgetary control, you do not need to enter defaults in the Encumbrance region.

Tax Tab:

 If your enterprise does not need to record a VAT registration number, you don't need to enter defaults in the Tax region.

Human Resources Tab:

If you do not have Oracle Human Resources installed, you are not required to enter defaults in the Human Resources region.

 Save.

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