| Payment of Invoice by Cash and Stock (bond/dividend) [message #206304] |
Wed, 29 November 2006 09:42  |
rsury
Messages: 26
Registered: May 2005
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Junior Member |
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Right now, We setup a invoice(AP) for the grant amount and then we schedule the payment as and when we need to pay.
Now when we are making a payment, is it possible to
1. send a specific payment as cash payment
2. send another part of payment as stock payment
Also,
Right now when we pay, it goes to cash/check account and liability account.
When we pay thru stock is it possible to change it to mutiple liability account
and one new payable account which will replace cash/check.
Thanks for you help.
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| Re: Payment of Invoice by Cash and Stock (bond/dividend) [message #206641 is a reply to message #206304] |
Thu, 30 November 2006 23:16  |
vin_odks
Messages: 153
Registered: July 2006
Location: -
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Senior Member |
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Hi,
Basically, if you wish to achieve only accounting transactions
Use statistical currency to represent the Stock payment in AP
-> Define Currency and exchange rate (1)
-> Define payment methods with statistical currency.
-> Pay the invoice partially by functional currency and rest by statistical currency.
If materials movement is required
Then please check out B2B process
Regards
Vinod
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| Re: Payment of Invoice by Cash and Stock (bond/dividend) [message #206650 is a reply to message #206304] |
Fri, 01 December 2006 00:14 |
vin_odks
Messages: 153
Registered: July 2006
Location: -
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Senior Member |
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Hi,
B2B process
=======================
Basically they form the basis of maintanence of your Supply chain management.(Meet the demands)
Here the company behaves as a reseller. The Supplier/Sister Organization supplies the goods to the company and the company in turn sells goods to the customer.
The delivery can be done either by company or by the supplier.
The manner in which the delivery is made to the customer through various channels is B2B process
Example :
Scenario
==================
1) Customer A gives SO to Company ABC located in UK.
2) Company ABC gives IO to its sister concern ABC-1 located in India.
3) Company ABC-1 gives PO to Supplier B
Now,
How will the goods be delivered to Customer A?
I : Supplier B -->Company ABC-1-->Customer A
II : Supplier B -->Company ABC-->Customer A
III : Supplier B-->Customer A
The process of finding the best possible process is B2B.
Hope it is clarified..
Regards
Vinod
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| Re: Payment of Invoice by Cash and Stock (bond/dividend) [message #206793 is a reply to message #206650] |
Fri, 01 December 2006 08:56 |
rsury
Messages: 26
Registered: May 2005
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Junior Member |
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Vinod,
Can you explain more in detail how to set the txn. Just to make sure what I am looking for, I have given below what we are looking to achieve.
This is our current scenario
1. A Grant is awarded thru our custom grant application.
2. On award an interface triggers and creates the Invoice in Oracle AP
and sets the liability on GL
3. On Payment request from Custom Grants Application. The AP user goes to
that invoice for the grant and schedules a payment and puts the reminder
of the invoice amount on hold.
What we are trying to accomplish.
1. A Grant is awarded thru our custom grant application.
2. On award an interface triggers and creates the Invoice in Oracle AP
and sets the liability on GL (ie increase 12800 liability account)
3. On Payment request from custom Grants application, The AP user has to
go to that invoice, schedule a payment, put the reminder of that invoice on hold and also account towards
a) the liability should be diminished (12800 liability account)
b) reduce the 02000 (stock account)
c) increase the 27000 (Non tax distribution)
d) since the requested payment amount may not be equal to the amount of stock transferred,
will issue a normal check for the difference (Stock Transferred-Payment requested)
4. Our Investment department will execute the stock transfer to that effect.
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| Re: Payment of Invoice by Cash and Stock (bond/dividend) [message #215973 is a reply to message #215834] |
Wed, 24 January 2007 08:43 |
rsury
Messages: 26
Registered: May 2005
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Junior Member |
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This is what we did to accomplish the task.
When the payment request from grants gets created as scheduled payment in the Invoice, The payment method will be set to one of the type which we don't use. and the other to Check.
Two DFF were created to capture the other GL a/c to which the Stock payment has to go.
The Scheduled Stock payment is then processed with a dummy bank a/c.
On approval of the payment printed (thru. dummy bank a/c) a concurrent program will get triggerd and the 2 GL a/c will get posted / created.
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