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Multi-Period Accounting

edited Aug 13, 2019 3:16AM in Payables, Payments & Cash Management 9 comments

Summary

Prepaid Automation through Multi-Period Accounting

Content

Currently the business is doing Prepaid Expense Journal creation and reconciliation in excel and then upload GL Journals. through ADFDi. But now we are planning to use Multi-Period Accounting in Payables module. Question is about 500 lines of existing prepaids (In-Flight)- prepaids) which is available in excel whose period range from 3 months to next 4 years, how to convert them to Oracle.

There are few options we thought:-

1. Create Recurring Journals in GL for these existing prepaids

2. Create a dummy invoice in AP and make dummy payment and then Multi-period accounting will generate from Payables itself.

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