1. Mohamed Farouk Mohamed Abdelhalim
  2. Oracle Financials
  3. Sunday, 16 September 2018
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"Hello , Appreciate if u can let me know What all are Encumbrance Accounting entries for P2P transaction ?
Thanks,
Mohamed
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Hello Mohamed
Generation of Encumbrance Entries

On Reserving and Approving the Requisition(PR)/Purchase Order(PO), Encumbrance amount gets reflected in Funds Inquiry screen and the encumbrance entries can be viewed in SLA menu in Purchasing module.

Navigation:
Purchasing>Accounting>SLA:User Main Menu>Accounting events
Query by transaction dates,ledger name and transaction number which is the PR/PO number

Following Accounting entries will be available in the HTML page:
Budget a/c DR
Reserve For Encumbrance CR

Receipt Accounting
a) Online Accruals with Expense destination

Navigation:
Cost Management,SLA > SLA >SLA: Inquiry > Accounting event
Query by transaction dates and ledger name

Following Accounting entries will be available in the HTML page:
AP Accrual a/c CR
Receiving Inspection a/c DR

Charge a/c DR
Receiving Inspection a/c CR

If encumbrance is enabled, encumbrance reversal also can be viewed as follows:
Budget a/c CR
Reserve For Encumbrance DR

These entries can also be viewed from Receiving Transaction Summary > View Accounting.

b) Online Accruals with Inventory destination
Following Accounting entries will be available in the HTML page
AP Accrual a/c CR
Receiving Inspection a/c DR

Material Valuation a/c DR
Receiving Inspection a/c CR

If encumbrance is enabled, encumbrance reversal also can be viewed as follows provided the flag "Reverse encumbrance" is checked in organization parameters > Costing tab.
Budget a/c CR
Reserve For Encumbrance DR

c) Create Accounting process for Period End Accruals
Following Accounting entries will be available in the HTML page
AP Accrual a/c CR
Charge a/c DR

If encumbrance is enabled, encumbrance reversal also can be viewed as follows:
Budget a/c CR
Reserve For Encumbrance DR

For the period in which Receiving is done and for the next period,you can see the reversal entry as:
AP Accrual a/c DR
Charge a/c CR

If encumbrance is enabled, encumbrance reversal also can be viewed as follows:
Budget a/c DR
Reserve For Encumbrance CR

Let me know how it goes.
Regards
Kabeer Khan
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  1. more than a month ago
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Thank you so much god bless you
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  1. more than a month ago
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