[Oracle Applications] Defining Purchasing Options

Defining Purchasing Options - Receipt Accounting (Accrual Options)

Purchasing Options window is used to define default values and controls for functions in Oracle Purchasing. You can often override purchasing options when you are creating documents. Defining Purchasing Option is required step to use Orale Purhasing.

Navigation
Purchasing Responsibility=> Setup=> Organization=>Purchasing Options

There are 6 tabs in purchasing options as below:

1. Receipt Accounting (Accrual Options)
2. Control
3. Default
4. Internal Requisition
5. Numbering
6. Tax Default

Each option tab would be explained explained in next posts

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Posted By OracleOnDemand to Oracle Applications at 11/29/2008 03:05:00 PM

[Oracle Applications] Line Status in Order Management

Oracle Order Management and Shipping Execution provides line status to best reflect the stage of the process for the order line and delivery line.

Line statuses can be seen in the 'status' field of the 'Line Items' Main tab in the Sales Order form. It can also be noted from the Shipping transaction form. Below are the most commonly observed line statuses and what they mean:

Awaiting Shipping: Order is booked but lines are not yet picked

Ready to Release: Order line is booked and passed to Shipping Execution. It is now a delivery line that is eligible for Pick Release

Released to Warehouse: Pick Release has started but not completed. Either no allocations were created or allocations have not been Pick Confirmed

Backordered: The delivery line is pick released but no allocations were created. As an example, if a delivery line has a quantity of
100, and at pick release only 25 are available for allocation, the original delivery line splits to create a new line (quantity of 75) for the unallocated portion with a status of Backordered

Staged/Pick Confirmed: The delivery line is successfully pick released. It occurs after pick confirm to indicate subinventory transfer from source location to staging location is complete

Shipped: This line status indicates that the delivery associated with the delivery line(s) is ship confirmed

Picked: Pick release has completed normally (both allocation and pick confirm). The delivery associated with the delivery line(s) may have also been Ship Confirmed but the Delivery may not be set in transit and the Trip may not be closed

Interfaced: If delivery was sourced from Oracle OM, the delivery line is shipped and the OM Interface and Inventory Interface concurrent processes have completed. If delivery was sourced from an Oracle Application other than OM, the delivery line is shipped and the Inventory Interface concurrent process has completed.

Awaiting Fulfillment: Not all shippable lines in a fulfillment set are fulfilled

Fulfilled: All lines in a fulfillment set are fulfilled

Closed: Closed indicates that the line is closed. It does not necessarily indicate that the line is interfaced to Accounts Receivable (AR).

Canceled: Indicates that the line has been completely canceled. No further processing will occur for this line

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Posted By OracleOnDemand to Oracle Applications at 11/22/2008 12:32:00 PM

[Oracle Applications] Serial Controlled Items

Serial Controlled Items

A Serial Number is a unique number assigned to each discrete unit of an item that is stored in inventory. A serial number can also be defined as a set of characters that uniquely identifies a single unit and can be used for traceability and warranty purposes.

Serial numbers are valuable in quality control, as once a defect is found in the production of a particular batch of product, the serial number will quickly identify which units are affected. Serial numbers are also used as a deterrent against theft and counterfeit products in that serial numbers can be recorded, and stolen or otherwise irregular goods can be identified.

Oracle Inventory provides complete serial number support for inventory transactions. Serial number control can be enabled for specific items in inventory. For items under serial number control, a unique serial numbers is assigned to each individual unit and thereafter the same serial numbers is referenced each time a material transaction is performed.

Serial Number Uniqueness

A Serial Number must be unique so that it can be tracked. Uniqueness of Serial Numbers can be enforced at various levels. This is defined at the inventory organization level.

Within Inventory Items
Once a serial number is assigned to a particular item, it cannot be assigned to the same item regardless of the inventory organization. For example if serial number SN100 is assigned to item A, serial number SN100 cannot be assigned to any other instance of item A in any other inventory organization.

Within Organizations
In addition to the restrictions Within Inventory Items control, the same serial number cannot exist twice within the same organization. For example if serial number SN100 is assigned to item A, it cannot be assigned to Item B in the same inventory organization. However, SN100 can be assigned to item B in any other organization.

Across Organizations
In addition to the restrictions Within Organizations, once a serial number is assigned to an item, it cannot be assigned to any other item regardless of organization. For example if serial number SN100 is assigned to item A, it cannot be assigned to item B in any organization. If uniqueness Across Organization is assigned to to any organization it restricts the serial numbers in all other organizations. If one organization dictates Across Organizations, all other organizations must do so too

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Posted By OracleOnDemand to Oracle Applications at 11/22/2008 01:20:00 PM

[Oracle Applications] Accrual Basis vs Cash Basis Accounting for Non Accountants

Accrual Basis vs Cash Basis Accounting for Non Accountants

There are two basic accounting methods available in business - Cash or Accrual.

With the cash method of accounting, income is recorded only when you receive cash from your customers. You record an expense only when you write the check to the vendor.

With the accrual method, income is recorded when the sale occurs, whether it be the delivery of a product or the rendering of a service on your part, regardless of when you get paid. On the other hand, you record an expense when you receive goods or services, even though you may not pay for them until later.

For original post, please visit http://applearn.blogspot.com

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Posted By OracleOnDemand to Oracle Applications at 11/18/2008 12:27:00 AM

[Oracle Applications] Oracle Purchasing - Setup checklist

Oracle Purchasing Setup Checklist

Please refer to above setup checklist which show the steps out of which some are Required and some are Optional. Required Step With Defaults means that the setup functionality comes with seeded default values; however, you should review those defaults and decide whether to change them to suit your business needs.

For more details, it is recommended to refer Oracle Purchasing User guide

For original post, please visit http://applearn.blogspot.com

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Posted By OracleOnDemand to Oracle Applications at 11/16/2008 11:40:00 PM

[Oracle Applications] Oracle General Ledger (OGL)

Oracle General Ledger (OGL)

Oracle Financial comprises of the following core Finance Modules:

1) General Ledger
2) Accounts Payable
3) Accounts Receivables
4) Fixed Assets
5) Cash Management

Oracle General Ledger (OGL) is accounting back bone for Oracle Financial Modules. It is the central repository of all financial transactions and can be called as the heart of the accounting system. OGL is a tool for integrating sub-ledger activity, consolidating group-wide accounts and releasing statutory/analytical financial reports.

Defining the Set of books (SOB) is the key setup task in Oracle General Ledger. Set of books has 3 key components - Chart of accounts, Currency and Calender (popularly called as 3Cs)

For originial post, please visit http://applearn.blogspot.com

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Posted By OracleOnDemand to Oracle Applications at 11/15/2008 09:53:00 PM