Oracle Procure to Pay (p2p) Accounting Entries
Oracle Purchasing 1. Enter Purchase Order: No accounting generates. 2. Enter a Receipt: For Inventory, Asset and Expense Items: Dr: Inventory Receiving A/c Cr: Accrual A/c 3. Receiving Transaction: Based on type of item here accounting entry differs Inventory Item: Dr: Inventory Valuation A/c Cr: Inventory Receiving A/c Expense Item: Dr: Expense A/c Cr: Inventory Receiving A/c Asset Item: Dr: Asset Clearing A/c Cr: Inventory Receiving A/c Oracle Payable : 4 . Enter Invoice: ...