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P2P Cycle in Oracle

The document provides step-by-step instructions for creating a purchase requisition, approving it, auto-creating a purchase order, receiving items, and paying invoices in an ERP system. It describes navigating to specific modules in the purchasing menu to enter requisition details, charge accounts, suppliers, and quantities needed. It then explains approving the requisition, auto-creating a purchase order, receiving items into inventory, entering invoices, matching invoices to receipts, paying invoices, and posting accounting entries to close the purchase order.

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sagarbolisetti
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113 views9 pages

P2P Cycle in Oracle

The document provides step-by-step instructions for creating a purchase requisition, approving it, auto-creating a purchase order, receiving items, and paying invoices in an ERP system. It describes navigating to specific modules in the purchasing menu to enter requisition details, charge accounts, suppliers, and quantities needed. It then explains approving the requisition, auto-creating a purchase order, receiving items into inventory, entering invoices, matching invoices to receipts, paying invoices, and posting accounting entries to close the purchase order.

Uploaded by

sagarbolisetti
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Create Purchase Requisition

Go to Purchasing ->Requisitions->Requistions
Type is Requisition.In the Lines Tab Enter the Item Quantity and Need by date

Enter Source as Supplier,Supplier Name and site

Click on the distributions tab and enter the charge account details
Save the record.purchase requisition number is generated.Press the approve button

Approve Purchase Requisition


Once Purchase requisition is approved,We can verify the status by entering the purchase requisition
number in the requisition summary window
Navigate to Purchasing->Requisitions->Requisition Summary

Autocreate Purchase Order


Navigate to Purchasing->Autocreate
Click the entire field and enter the requisition number and click find.autocreate document opens

New Document Opens.Enter the supplier name and site and click create.

Auto Create Purchase order window opens with Purchase order created with status incomplete

Click the approve button and submit the PO for approval.


Approve Purchase order
Once PO is approved,you can verify by entering the PO number in the purchasing order summary
window.
Go to Purchasing->Purchase order->Purchase order summary

Receiving the item into Inventory


Go to Purchasing->Receiving->Receipts
Enter the PO number and click find.Receipt window opens.Enter the quantity received. and sub
inventory.Save the receipt.

Go to Purchasing->Receiving->Receiving transactions summary.


Enter the PO number and click find.We can see that the item is received into summary.

Navigate to Payables->Invoices->Entry Invoices


Enter the PO number,Invoice num,Invoice date,Invoice account and click match button

Find Receipts for matching window opens.Enter the Po number and click find.

Match to receipt window opens.click the check box on the left.Enter the quantity click match and save.

Now click the match button.Invoice action window opens.check validate and validate related invoices
check box and click.

We can see the status is validated.

Now click the Actions1 button.Invoice action window opens.Click the pay in full and create accounting
check box and click.
Payment window opens.Enter Bank details,Mode of payments and click actions1

Invoice action window opens.Create accounting and select final post and click ok.Go to Invoice work
bench.We can see Amount is paid.

Navigate to Purchasing order summary window and verify the Po is finally closed.

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