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Global Readiness
Adhere to international tax laws
Streamlined Operations, Operational Excellence, and Lower
Costs
Automatic accrual of recoverable tax amounts obviates
need for manual transfers after payment transactions
Propensity for manual error is reduced
Improved Fiscal Discipline
Accounts reflect transactions that have occurred
Automated accounting reduces auditing time
DEFERRED RECOVERABILITY PROCESS
PART 1: SET UP AND INVOICE
DEFERRED RECOVERABILITY PROCESS
PART 2: SET UP AND PAYMENT
SETUP TAXES WITH DEFERRED RECOVERABILITY
IMPLEMENTATION CONSIDERATIONS
Invoice Lines:
Represent goods or services as lines with distributions tied
to each line
Facilitates the capture and transfer of pertinent
information from Oracle Projects and Oracle Assets
Enables line level approval and matching between an
invoice line and a purchase order shipment pay item
IMPLEMENTATION CONSIDERATIONS
Payment Request
A request for payment to Oracle Payables without requiring a supplier,
purchase order or standard invoice
Oracle Loans: Loan Funding Disbursement
Oracle Receivables: non-credit card Customer Refund Requests
Payee
Designated party to which the payment will be made
A payee can be a supplier, borrower, or customer
PAYMENT REQUESTS DESCRIPTION
PAYMENT REQUESTS BENEFITS
Interactions with:
Oracle Payables & Payments
Oracle XML Publisher
Oracle Approvals Management / Workflow (Optional)
Oracle Loans; Oracle Receivables
AGENDA
Supplier Related Enhancements
Deferred Recoverability
Enhanced Asset Tracking
Payment Requests
Payment Method Controls And Enhanced
Payment Information
Self Assessed Tax
Oracle Payables for Complex Contract Terms
Multi-Org Access Control in Payables
PAYMENT METHOD CONTROLS AND
ENHANCED PAYMENT INFORMATION
Enhanced Payment Method Controls
Expanded Payment Attribute Availability and Defaulting
Configurable Payment Attribute Validation
Extensive Format and Reporting Capabilities
KEY CONCEPTS
View Validations
Payment Method
Payment Instruction Format
Payment Process Profile
CONFIGURABLE PAYMENT ATTRIBUTE VALIDATION
SETUP CONSIDERATION
On the Lines tab, you can click the Tax Details button to view
tax details such as:
Tax Regime Code
Tax
Jurisdiction
Tax Status
Rate Name
Rate
Tax Amount
Whether the tax is self assessed
SELF ASSESSED TAX PROCESS and ACCOUNT
Subledger Accounting
Provides reports for your accounting activity
Reports use XML Publisher, giving you the flexibility to
configure the layout and report type at any time
Reports include:
Account Analysis Report
Open Account Balance Listing report
Gives you flexibility to configure:
XML Publisher Report Layout
XML Publisher Report Type
SELF ASSESSED TAX SETUP REPORTING CHOICES