Monday Jan 05, 2015

Budgeting For The New Year? Allow Us To Help!

Budgeting is used to represent specific estimated costs and revenues for the selected period ranges. Budgetary control helps track budgeted amounts against the control budget, monitor the available funds, get a good view over future funds reservations and funds consumption. 

General Ledger(GL) provides many tools to create, maintain and track budgeted amounts; this functionality is integrated with WebAdi product, allowing the users to upload budget data from the spreadsheet files directly to GL. It's that Easy! 

funds_review

Do you think the setup required to achieve budgetary control is complicated? 

Review this document today, it provides everything you need for a good start:

Budgets and Budgetary Control - Setup and Usage (Doc ID 1928941.1

Let us help!

Tuesday Mar 25, 2014

Understanding Encumbrance Accounting in R12

Encumbrance Accounting has always been one of those tricky areas to understand and it is often quite complex and time consuming to resolve issues that arise.  Having a detailed understanding of how Encumbrance Accounting works in General Ledger, Payables and Purchasing will get you on the right track faster.

Recently a new document was created that attempts to pull together all the information that relates to Encumbrance Accounting so that you can understand everything from what it is, to how the applications are setup to use it, to using diagnostic tools and checking patch levels when something doesn't work just how you expect it to.

Please review R12: MASTER TROUBLESHOOTING GUIDE (MTG) for Encumbrance Accounting Issues in Oracle PO and AP (Doc ID 1578275.1) available on MyOracleSupport which discusses the following topics:  

  • What is Encumbrance Accounting
  • How does Encumbrance Accounting work in Oracle?
  • Funds Reservation Statuses on PO Documents
  • Required Setups (GL, AP, PO)
  • Seeded Oracle Reports for Encumbrance Accounting
  • Recommended Patches
  • Diagnostic Tools 
  • Hot Topics
  • More Resources 

One of the additional resources referenced within the above document is R12 Encumbrances Accounting Bulletin (Doc ID 1583781.1).  This interactive document allows you to filter the knowledge based on a topic of choice and includes Encumbrance Transactions for both Accrue on Receipt and at Period End and shows you the transactions you would see and the values of DR and CR that would be inserted into the XLA tables at the various stages.  

Together these two fantastic documents should enlighten the reader and provide a detailed understanding of Encumbrance Accounting in Oracle Applications. 

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