Payables Liability Account in Accounting
The user guide appears to contradict system behavior and I need to determine what the behaviour should be. It may be a misunderstanding on my part.
The Oracle® Payables User’s Guide Release 11i Part No. A81180-07 states the following:
Liability. The Liability Account and description for a supplier site’s invoices. The supplier default is the Financials option for the Liability Account. When you create the default Liability Account, Payables defaults this Liability Account to each supplier you enter. You can override this default. When you enter an invoice, Payables automatically defaults the supplier site’s Liability Account to the invoice. You can also override this default.
The Oracle® Payables User’s Guide Release 11i Part No. A81180-07 states the following:
Liability. The Liability Account and description for a supplier site’s invoices. The supplier default is the Financials option for the Liability Account. When you create the default Liability Account, Payables defaults this Liability Account to each supplier you enter. You can override this default. When you enter an invoice, Payables automatically defaults the supplier site’s Liability Account to the invoice. You can also override this default.
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