Oracle GL Interview Question:

What id recurring invoices?What are AP setup steps?

Submitted by: Administrator

Some times suppliers would not be sending any invoices.But still the payment have to made to him.ex: rent,lease rentels. In this situvation we have to create invoice every period wise.For that purpose we have to create one recurring invoice template. Template means with one master copy creating the multiple invoices is called template.here we are creating the one invoice master copy is formally known as arecurring invoice or recurring inavoice tempalate. SET UP:
1) we have to create one special calender
2) we have to create one full distribution set
3) we have to enter payment terms in the recurring invoice window
4) enter the template no,first invoice amount,special invoice amounts
Submitted by: Administrator