Accounting in Oracle

AP Accounting:
Invoice Entry:

Payment Entry:

Creditor Control A/C

Bank / Cash A/C

Net Effect:

Expense A/C
Bank / Cash A/C

Prepayment Invoice:

Prepaid Expense/ Advances / Employees A/C

Creditor Control A/C

Invoice

Prepayment

Return

Prepayment Payment Entry Creditor Control A/C

Bank / Cash A/C
Prepayment Adjutment
Entry (Apply Invoice )

Creditor Control A/C

Prepaid Expense/ Advances / Employees A/C

Purchase Returned /Other

Credit

Credit Control A/C

Ap Accrual / Expense A/C

Fixed Asset Purchased:

Asset / CWIP Clearing A/C

Credit Control A/C

Recording of Salary -GL

Salary Exp A/C

Salary Payables

Salary Invocie for Payment

Salary Payables
Creditor Control A/C

Processing Payment

Creditor Control A/C

Bank / Cash A/C

Invoice Entry:

Expense A/C
Creditor Control A/C

Processing Payment

Creditor Control A/C

Bank / Cash A/C

Assets

Salary

Petty Cash

Expense A/C
Creditor Control A/C

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Accounting in Oracle
AR Accounting:
Invoice Entry:

Receivables A/C
Unbilled Receivables

XXX

Receivables A/C
Unearned Revenue

XXX

Unearned Revenue
Revenue A/C

XXX

Revenue A/C
Receivables A/C

XXX

Receivables A/C
Unearned Revenue

XXX

Receivables A/C
Revenue A/C

XXX

Invocie Against Deposit -2

( Reverse deposit entry)

Unearned Revenue
Receivables A/C

XXX

Cash is Received

Cash
Receivables A/C

XXX

Receipts ( Fully applied to

Invoce)

Cash
Receivables A/C

XXX

Enter Unapplied Receipt

Cash
Unapplied

XXX

Cash
Unidentified

XXX

Advance Billing -1

Advance Billing -2

Credit Memo

Deposit

Invocie Against Deposit -1

Deposit

Enter Unidentified Receipts

CR
XXX

XXX

Arrears in Bills -2

Receipts

DR
XXX

Unbilled Receivables
Revenue A/C

Arrears in Bills -1

Invoice

Receivables A/C
Revenue A/C

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Accounting in Oracle
PO Accounting:
Receiving

Assets

Expenses

Receiving Inventory A/C

AP Accrual A/C

Delivery

Inventory-Material Valuation A/C

Inventory-Material OH Valuation A/C
Receiving Inventory A/C
Material OH Absorption A/C

Receiving

Receiving Inventory A/C

AP Accrual A/C

Delivery

Expenses A/C
Receiving Inventory A/C

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Accounting in Oracle
Inventory Accounting:
Receipts ( Assets)

Misc
Transactions Issue

Sub Inventory
Transfer

Assets A/C
Inventory-Material Valuation A/C
Inventory-Material OH Valuation A/C

Asset to Asset

Inventory-Material Valuation A/C ( From)

Inventory-Material OH Valuation A/C (From)
Inventory-Material Valuation A/C (To)
Inventory-Material OH Valuation A/C (To)

Asset to Expense

Expenses A/C
Inventory-Material Valuation A/C ( From)
Inventory-Material OH Valuation A/C (From)

Sales Order
Receiving
Shipment

1
InterOrganiztion
Transer
2

Intransit
(FOB)

Inventory-Material Valuation A/C

Inventory-Material OH Valuation A/C
Assets A/C

Cost of Good Sold

Inventory-Material Valuation A/C
Inventory-Material OH Valuation A/C
Inventory-Resouce Valuation A/C
Inventory-Overhead Valuation A/C
Inventory-OSP Valuation A/C
Inventory (To Org )
Inventory (From Org )
Transfer Credit - From Org
Inter -Org Receivables (From Org)
Inter - Org Payables (To Org)

Shipment

Intransit A/C
Inventory (From Org )

Receipts

Inventory (To Org )

Intransit A/C
Transfer Credit - From Org
Inter -Org Receivables (From Org)
Inter - Org Payables (To Org)

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Accounting in Oracle
Asset Accounting:
Payable
Module
At time of
Purchasing

Asset Module

Asset Clearing A/C

Account Payble Liability A/C
Assets Cost A/C
Depreciation Expense
Asset Clearing
Accumulated Depreciation

Asset Module
Depreciation Expense
Accumulated Depreciation

At time of
Depreciation

Asset Module
At time of
Capitalization

Assets Cost A/C

Depreciation Expense
CIP Cost
Accumulated Depreciation

Account Receivable
Proceeds of sales clearing
Cost of Removal Clearing
Account Payable

Retirement

Asset

Accumulated Dep
Proceeds of sale clearing
cost of removal Gain
Revaluation reserve
Net Book value Gain
Asset Cost
Proceeds of sale gain
cost of removal clearing

Revaluation Reserve gain

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