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Parking Credit balance of an Asset account to Liability account

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edited Feb 28, 2024 4:15PM in Payables, Payments & Cash Management 1 comment

Summary:

Parking Credit balance of an Asset account to Liability Account

Content (please ensure you mask any confidential information):

Debit balances in Creditors list should be identified and parked on asset side as advances, Similarly for Credit balances in Debtors should be parked identified as advances from customers and parked on liability side.


This should be automated if not than this will lead to manual intervention and will lead to errors.

Kindly let us know how this can be automated and what setups to be done for the same.


Version (include the version you are using, if applicable): Oracle Receivables Fusion Cloud & Oracle Payables Fusion Cloud

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