Define Payment Terms Payables Manager > Setup > Invoice > Payment Terms Payments Terms are

assigned to an Invoice to automatically create scheduled payment when Payables Invoice Validation is submitted for the Invoice You can define payment terms to create multiple scheduled payment lines and multiple levels of discounts. You can create an unlimited number of payment terms. Payment terms have one or more payment terms lines, each of which creates one scheduled payment. Each payment terms line and each corresponding scheduled payment has a due date or a discount date based on one of the following: a specific day of a month, such as the 15th of the month a specific date, for example, March 15, 2002 a number of days added to your terms date, such as 14 days after the terms date a special calendar that specifies a due date for the period that includes the invoice terms date. Only due dates can be based on a special calendar. Discount dates cannot be based on a special calendar.

Payment Terms Define Payment Terms 1. Enter Unique payment term name and description. 2. If you enter Day of Month terms, enter a Cut-off Day. 3. If you enable Automatic Interest Calculation using the Interest Payables Options, enter a unique value in the Rank field. 4. Enter each payment terms line. Enter % due or Amount to determine the portion of an invoice due on the scheduled payment.

In the Due tab, choose between Calendar, Fixed Date, Days and Day of Month and Months Ahead to determine the due date. 1. If you use discount terms, define payment terms lines in the First Discount , Second Discount, and Third Discount tabs. Define your discounts so that the first discount has an earlier discount date than the second and so on. You can realize only one discount on a payment terms line. Note: You cannot use a special calendar to define discount terms.

Accounts Payable Setup: Set Multi-Org Preferences

Set Multi-Org Preferences (optionally required) Payables Manager > Setup > Options > User Operating Unit Preferences

Multi-Org Preferences If you are using a Multi-Org structure, and you want to restrict Org Access, then set the MultiOrg Preferences. Set the User Level Default Operating Unit. Set the Preferred Operating Units.

Accounts Payable Setup Define Payables Options

You cannot define the Payables Options unless the Financials Options have been defined. Payables Manager > Setup > Options > Payables Options Based on your profile options, your Operating Unit is automatically picked up. 1. Accounting Option

Payables Options: Accounting Option

2. Currency

Payables Options: Currency 3. Tax Reporting

Payables Options: Tax Reporting 4. Invoice

Payables Options: Invoice 5. Approval

Payables Options: Approval 6. Matching

Payable Options: Matching 7. Interest

Payables Options: Interest 8. Expense Report

Payable Options: Expense Report 9. Payment

Payable Options: Payment 10. Withholding Tax

Payable Options: Withholding Tax 11. Report

Payable Options: Reports

Accounts Payable Setup Financials Options

Prerequisite: Inventory Calendar and Inventory Organization must have been set up. Refer to the following documents: Define Inventory Calendar Setup Inventory Organization Payables Manager > Setup > Options > Financial Options Based on your profile options, your Operating Unit is automatically picked up. Refer to the following documents: System Profile Values for GL Define Operating Unit (Document to follow) You have to fill in the following tabs to configure the Financials Options: 1. Accounting 2. Supplier Purchasing

3. Encumbrance 4. Tax 5. Human Resources 1. Accounting

Financial Options: Accounting Specify the number of Future Periods. Fill in the GL Accounts where required. Note: If during the defining of our Accounting Key Flexfield Structure, we have allowed dynamic insert, we can enter the accounts directly without having to create the accounts first. If that is not the case, then we need to create all the valid accounts combinations before we can use them here. Refer to the following documents: Define Accounting KFF Create Chart of Accounts 2. Supplier Purchasing

Financials Options: Supplier-Purchasing Specify the Ship-to Location and Bill-to Location. Inventory Organization is mandatory. Note that we need to create the Inventory Organization and define the Additional Organization Information Details. 3. Encumbrance

Financials Options: Encumbrance Specify the options for encumbrance if you are using encumbrance accounting. 4. Tax

Financials Options: Tax Specify your VAT Registration information if applicable. 5. Human Resources

Financials Options: Human Resources Based on your profile options, your Business Group is automatically picked up. Specify your Expense Reimbursement Address. The Employee generation method is automatically picked up from the Extra Information configured on your Business Group. Refer to the following documents: Define Business Group (Document to follow)