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Query on Oracle Financials,

Discussion in 'Oracle Financials' started by rmreddyinfo, May 22, 2011.

  1. rmreddyinfo

    rmreddyinfo Active Member

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    Hi,

    Could you please explain defference between Accounts Receivable and Accounts payables on the below topics


    a) Bank account Creation

    b) Pay terms

    c) Distribution Set



    Thanks in advance,
    Mallikarjuna Reddy
     
  2. karthikeyang84

    karthikeyang84 Active Member

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    Accounts Payable - Related to Vendors - Vendor informations / Purchase invoices / Vendor bank details / pay term (ex 60 days... org should pay within 60 days to vendor) / Distribution set ...Account distributions in terms of Dr & Cr in amount in line or detail level.
    Accounts Receivable - Related to Customers - Customer informations / Sale invoices/ Customer Bank details / pay term (receive money from customer)...

    Thanks
     
  3. rmreddyinfo

    rmreddyinfo Active Member

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    Thank you for your help Mr. Karhikeyan