oracle applications ebs - accounting entries

8/10/2019 Oracle Applications EBS - Accounting Entries

1/33

SR.NO PARTICULARS DR CR SPL NOTES

I Drop Ship

1 Sales Order Entry

No Accounting

2 Creation of Requisition

No Accounting

3 Creation of Purchase Order

No Accounting

4 Receipt

Receiving A/c 100 At PO Price

AP Accrual A/c 100 At PO Price

5 DevliveryRaw Material Sub Inventory A/c 80 At Standard Cost

PPV A/c 20 Diff between PO - Stnd

Receiving A/c 100 At PO Price

6 Reservation

No Accounting

7 Picking

Staging Sub Inventory A/c 80 At Standard Cost

Sub Inventory A/c 80 At Standard Cost

8 ShippingCOGS 80 At Standard Cost


DROP SHIP


2/33

ACCOUNT IS PULLED SPECIFIC OPTION AVAILABLE

Receiving Option Setup ORG

Inventory Org Setup ORG

Sub-inventory Material A/c Setup SUB-INV Org Level A/c willl get defaulted

Inventory Org Setup ORG

Receiving Option Setup ORG



Item Org Level A/c willl get defaulted, OMTT



3/33


1 At the time of material issue

WIP Material A/c 100

Subinventory material A/c 100

2 Resource Valuation

WIP Resource valuation A/c 100

Resource Absorption A/c 100

3 Overhead Cost (Material)

WIP Material ovehead A/c 10

Sub inventory material overhead A/c 10

4 Overhead Cost (Indirect)WIP Overhead A/c 100

Overhead absorption A/c 100

5 WIP Job Completion

Stagging/Completion Sub-inventory A/c Std Cost

WIP Material A/c

WIP Resource valuation A/c

WIP Material ovehead A/c

WIP Ooverhead A/c

WIP Material Variance A/c Diff between Actual - STD

WIP Resource Variance A/c Diff between Actual - STD

WIP Material Variance A/c Diff between Actual - STD

WIP Ooverhead Variance A/c Diff between Actual - STD

5 Picking


Sub Inventory A/c 100 At Standard Cost

6 Shipping

COGS 100 At Standard Cost


SO-WORKORD


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WIP Class

Org/Subinventory

WIP Class

Resource Defination Form

WIP Class

Org/Subinventory

WIP Class

Overheads Defination Form

Org/Subinventory

WIP Class

WIP Class

WIP Class

WIP Class

WIP Class

WIP Class

WIP Class

WIP Class



Item Org Level A/c willl get defaulted, OMTT


R FLOW


5/33

SR.NO PARTICULARS DR CR

1 FOB Point is set to Receiptwithout Charges & Freight - Using Transaction Type - Intransit

Entry at the time of ISSUE

Intransit Inventory A/c ( Sending Org ) 100Sub Inventory A/c ( Sending Org ) 100

Entry at the time of RECEIPT

InterOrganization Receivable( Sending Org ) 100

Intransit Inventory A/c ( Sending Org ) 100

Sub Inventory A/c ( Receiving Org ) 100

InterOrganization Payable ( Receiving Org ) 100

2 FOB Point is set to Receiptwith Charges & Freight - Using Transaction Type - Intransit


Intransit Inventory A/c ( Sending Org ) 100Sub Inventory A/c ( Sending Org ) 100



Intransit Inventory A/c ( Sending Org ) 100


Freight Expense A/c ( Sending Org ) 15


InterOrg. Transfer Credit ( Sending Org ) 10

Subinventory A/C (Receiving Org) 100

Purchase Price Variance(Receiving Org) 25

InterOrganization Payable (Receiving Org) 125

3 FOB Point is set to Shipmentwithout Charges & Freight - Using Transaction Type - Intransit


InterOrganization Receivable (Sending Org) 100Sub Inventory A/c ( Sending Org ) 100

Intransit Inventory A/c (Receiving Org) 100

Inter - Organization Payable (Receiving Org) 100


Sub Inventory A/c (Receiving Org) 100

Intransit Inventory A/c (Receiving Org) 100

4 Direct InterOrganization Transfer without FOB being Receiptand without transfer credit and

InterOrganization Receivable (Sending Org) 100Sun Inventory A/c (Sending Org) 100




6/33

5 Direct InterOrganization Transfer with FOB being Receiptwith transfer credit and freight

Entry at the SOURCE

InterOrganization Receivable (Sending Org) 120

Sub Inventory A/c (Sending Org) 100InterOrg. Transfer Credit ( Sending Org ) 10

Freight Expense A/c ( Sending Org ) 10

Entry at the DESTINATION

Sub Inventory A/c (Sending Org) 100

Purchase Price Variance (Receiving Org) 20


6 If the Standard Cost is different in Sending & Receving Org


Intransit Inventory A/c (Sending Org) 100Sub Inventory A/c (Sending Org) 100




Purchase Price Variance (Receiving Org) 20


7/33

SPL NOTES ACCOUNT IS PULLED SPECIFIC

At Standard Cost Shipping Network ORGAt Standard Cost Sub-inventory Material A/c Setup ORG

At Standard Cost Shipping Network ORG


At Standard Cost Sub-inventory Material A/c Setup ORG





Shipping Network ORG

At Transaction Level


Shipping Network

At Standard Cost Sub-inventory Material A/c Setup

Shipping Network






At Standard Cost Sub-Inventory Material A/c Setup ORG


freight





INTER ORG/INTERNAL SALES ORDERS


8/33


At Standard Cost Sub-inventory Material A/c Setup ORGShipping Network ORG

At transaction level ORG






Shipping Network

Shipping Network


9/33

OPTION AVAILABLE


10/33

SR.NO PARTICULARS DR CR SPL NOTES ACCOUNT IS PULLED SP

1 Creation of Requisition

No Accounting

2 Creation of Purchase Order

No Accounting

3 ReceiptReceiving A/c 100 At PO Price Receiving Option Setup OR

AP Accrual A/c 100 At PO Price Inventory Org Setup OR

4 Devlivery

Raw Material Sub Inventory A/c 80 At Standard Cost Sub-inventory Material A/c Setup SU

PPV A/c 20 Diff between PO - Stnd Inventory Org Setup OR

Receiving A/c 100 At PO Price Receiving Option Setup OR

5 Invoice matching with PO

AP Accrual Liability A/c 100 At PO Price Receiving Option Setup OR

Invoice Price Variance A/c 10 Diff between Invoice - PO Inventory Org Setup OR

AP Liability A/c 110 AT INV Price Financial Options/Supplier Site

6 On making Payment

Liability A/c 110 At Invoice Price Financial Options/Supplier Site

Cash 110 At Invoice Price Bank A/c Setup

Uncleared payment Future Dated Payemnt

AP Liability 100 AP Liability account De

Cash Clearing 100 Future Dated Payment Account Cre

Cleared payment payment maturityFuture Dated Payemnt

Cash Clearing 100 Future Dated Payment account De

Cash (asset) 100 Cash Clearing account Ce

Bank charges

Bank Charges 100

Cash 100

Debit Memo/ Credit Memo

Accounts Payable A/c 100

To Expense A/c 100

Petty Cashier Transactions

Prepayment Invoices

Prepayment Expenses A/c

To Petty Cashier Liability A/c

Payment against the invoice

Petty cashier Liability A/c 100

To Cash A/c 100

PROCURE TO PAY


11/33

Expense Report:

Expense A/c 100

To Petty Cashier Liability A/c 100

Apply payment Against Invoices

Petty Cashier Liability A/c 100

To Prepayment Expenses A/c 100


12/33

SUMMARY!A1


1 Sales order entry

No Accounting

2 Sales Order Pick

From Sub Inventory A/c 100 At Standard CostTo Sub Inventory A/c 100 At Standard Cost(Staging)

3 Sales Order Issue

COGS 100 It can be fetched from five places

To Sub Inventory A/c 100 At Standard Cost

4 Transaction level

Receivable A/c 120

Tax A/c 10

Frieght A/c 10

Revenue A/c 100

Receipts

5 Receipts with no remittance method

Cash 100 Before application of the receipt

Unapplied A/c 100

Unapplied A/c 100 After application of the receipt to the transaction

Receivables A/c 100

Cash A/c 100

Unidentified A/c 100 In case of receipt without customer or transaction

Unidentifed A/c 100 when customer indentfied

Unapplied A/c 100

6 Receipts with remittance method.

Confirmed receipts A/c 100 At the time receipt entry

Unapplied A/c 100

Remitted receipts A/c 100 On remittance to bank

Confirmed receipts A/c 100

Cash 100 On clearence of cheque

Remitted receipts A/c 100

7 Receipts with discount/unearned discounts

Cash 90 At the time earned discounts

Discount earned A/c 10

Receivable A/c 100

Order To Cash Cycle


13/33

Cash 90 At the time of unearned discount

Discount unearned A/c 10

Receivables A/c 100

Bill in arrears

Unbilled Receivable 100

revenue 100

receivable 100

unbilled receivable 80

tax 10

freight 10

Bill in advance

receivable 100

unearned revenue 80

tax 10

freight 10

unearned revenue 100

revenue 100

Deposit

deposit is created

receivable 100


deposit is paid

cash 100

receivables 100

Invoice


revenue 100

GuaranteeCreate

unbilled receivables 100


Invoice applied


unbilled receivable 100

Invoice paid

Cash 100

Receivable 100

On account credit

cash 100

unapplied cash 100

Foreign Currency Gains and Losses


14/33

Cash 100 (Receipt Class at the receipt rate)

Unapplied 100 (Receipt Class at the receipt rate)

AR 100 (from the invoice at the invoice rate)


Gain 1000 difference between the invoice and receipt values)

Cash 100 (Receipt Class at the receipt rate)


Loss 100 (difference between the invoice and receipt values)

AR 100 (from the invoice at the invoice rate)


Receipts and Adjustments

Cash A/c 100

To Receivable A/c 100

Write-Off A/c 100

To Receivables A/c 100


15/33

OPTION AVAILABLE

ORGORG

Master org/shipping parameters/order type/Inv org

sales rep/customer site

Transaction type/sales reps/customer bill to site/Standard lines

sales rep/customer bill to site/standard lines

sales rep/customer bill to site/standard lines

Bank Defination Form















16/33

SR.NO PARTICULARS DR CR SPL NOTES ACCOUNT IS PULLED SPECIFIC

1 Adjustments

Adjustment A/c 100 Receivable activityReceivable A/c 100 Transaction type

Adjustments in AR


17/33

OPTION AVAILABLE

Sales Rep/Customer Site


18/33


1 Inventory Std cost update

Sub Inventory A/c 100

Cost Adjustment A/c 100

2 Intransit material Std Cost Update

Intransit Inventory A/c 100

Cost Adjustment A/c 100

3 WIP Material Std Cost Update


WIP Material Variance A/c 100

ST


19/33


Sub-inventory Material A/c Setup ORG

At the Standard Cost update request level


At the Standard Cost update request level

WIP Accounting Class

WIP Accounting Class

NDARD COST UPDATE


20/33


1 Miscellaneous Receipt at receivables

Accounting

Cash 100 Entered Reciept Amount

Misc Cash A/c 100

2 Miscellaneous Issue/Receipt At Inventory

Issue

Misc Issue A/c 100


Receipt


Misc Receipt A/c 100

Miscellaneous


21/33


Bank Account Definition Bank(Internal)

Receivable activity Distribution set

At Misc Issue form level

Org/Subinventory level ORG

Org/Subinventory level ORG

At Misc receipt form level

eceipts in AR


22/33


1 On entering a Misc.Invoice

Charge A/c 100

Liability A/c 100

2 On making the Payment

Liability A/c 100

Cash 100

3

On making Payment

(when Cash Mgmt is implemented)

On Payment

Liability A/c 100

Cash Clearing A/c 100

On Clearing

Cash Clearing A/c 100

Cash 100

Future Dated Payments

AP Liability 100

Future Dated Payment 100

Payment Maturity-Future Dated

Future Dated Payment 100

Cash 100


23/33

SPL NOTES ACCOUNT IS PULLED SPECIFIC

A dummy Misc.Vendor is created for

this purpose and the details are

captured in the DFF.

Distribution Set/PO charge A/c

From the supplier site

From the Supplier site

From the Bank A/c's Definition

From the supplier site




MISC PAYMENTS


24/33

OPTION AVAILABLE

Financial Options

Financial Options

Financial Options


25/33


1 At the time material issue



2 Resource Valuation

WIP Resource valuation A/c 100

Resource Absorption A/c 100

3 Overhead Cost (Material)

WIP Material ovehead A/c 10

Sub inventory material overhead A/c 10

4 Overhead Cost (Indirect)WIP Overhead A/c 100

Overhead absorption A/c 100

5 Outside Processing (In case of fixed standard cost to resource)

WIP OSP A/c 100

Variance A/c 95

Resource A/c 5


26/33

SPL NOTES ACCOUNT IS PULLED SPECIFIC OPTION AVAILABLE

WIP Class


WIP Class

Resource Definition Form

WIP Class

Org/Subinventory ORG

WIP Class

Overheads Defination Form

WIP Class

Resource Defination Form Org Paramaeters

Resource Defination Form Receiving Options

Manual WorkOrder


27/33


1 Depreciations for current period

Depreciations Expenses 100

Bonus Expense 20

Depreciationns Expenses 100

Bonus Reserve 20

2 Current & Prior Period Addition

Asset Clearing 1000 AP

Payable Liabillity 1000 AP

CURRENT PERIOD ADDITION

Asset Cost 1000

Asset Clearing 1000

Depreciation Expense 200

Accumulated Depreciation 200

PRIOR PERIOD ADDITION

Asset Cost 3000

Depreciation Expense 750

Depreciation Expense 250 Adjustment

Asset Clearing 3000

Accumulated Depreciaiton 1000

Merge Two Assets:

Assets ( A+ B) 200

To Asset Clearing A/c100

(Cost of Asset A)To Asset Clearing A/c 100 (Cost of Asset B)

CIP Assets:

CIP Clearing A/c Dr 100

To Accounts payable A/c 100

ADDITION

CIP Cost A/c 100

To CIP Clearing A/c 100

Retirement of Asset:

Receivables:

Receivable A/c 100

To Proceeds of sales A/c 100

Payables:

Asset Clearing [Cost of Removable] A/c 100

To payable A/c 100

Fixed Assets


28/33

Asset:

Accumulated Depreciation 100

Proceeds of sales Clearing A/c 100

Cost of Removable Gain A/c 100

Revaluation Reserve A./c 100

Net Book Value Retired Gain 100To Asset Cost A/c 100

To Proceeds of Sale Gain A/c 100

To Cost of Removable Gain A/c 100

To Revaluation Reserve Retired Gain A/c 100


29/33

At the PO receipt DR CR

Asset Clearing A/c 100

To P{O Accrual A/c 100

AP: Invoice matching with PO

PO Accrual A/c 100

To AP Liabillity A/c 100

Net Accounting Entry


AP Liabillity A/c 100

FA: Mass addition

Asset cost A/c 100


AP: payment


To Bank A/c 100

Net Accouting Entry

Asset cost A/c 100

To Bank A/c 100


30/33


1 Creation of Prepayment

Prepaid Expenses 1000

AP Liabillity Control 1000

2 Creation of Credit Memo TDS

Vendor liabillity control A/c 100 amount debited towards TDS

TDS Control A/c 100

3 Creation of Invoice standard-TDS

TDS Control A/c 100 amount debited towards TDS

TDS Tax Vendor A/c 100

4 Creation of Invoice

AP Acrual/Expenses/Asset clearing 10000


5 TDS Credit Memo

Vendor Liabillity 1000

TDS Control A/c 1000

6 TDS Invoice for IT Authority


Vendor liabillity control A/c 1000

7 Applying Prepayment on Invoice



8 Reverse Credit Memo on Prepayement



9 Reverse Standard Invoice forPrepayment

TDS Tax Vendor A/c 100 amount debited towards TDS

TDS Control A/c 100

PROCURE TO


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AY


32/33


1 Creation of Prepayment


AP Liabillity Control 1000

2 Creation of Credit Memo TDS

Vendor liabillity control A/c 100 amount debited towards TDS

TDS Control A/c 100

3 Creation of Invoice standard-TDS


TDS Tax Vendor A/c 100

4 Creation of Invoice

AP Acrual/Expenses/Asset clearing 10000


5 TDS Credit Memo

Vendor Liabillity 1000

TDS Control A/c 1000

6 TDS Invoice for IT Authority

TDS Control A/c 1000 amount debited towards TDSVendor liabillity control A/c 1000

7 Applying Prepayment on Invoice



8 Reverse Credit Memo on Prepayement



9 Reverse Standard Invoice forPrepayment

TDS Tax Vendor A/c 100 amount debited towards TDSTDS Control A/c 100


33/33

ACCOUN SPECIFIC OPTION AVAILABLE

oracle applications ebs - accounting entries

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