Financials for India - EBS (MOSC)

MOSC Banner

India Localization Accounting Entry Generation Event

edited Sep 8, 2015 7:12AM in Financials for India - EBS (MOSC) 7 commentsAnswered ✓

Dear All,

As per my understanding, accounting for India localization transaction gets generated at the time of receipt booking i.e. Excise Recovery Accounting is generated as soon as receipt is booked. However, in our case, the recovery accounting is getting generated at the time of delivery of the receipt. Below is the sample transaction and accounting generated-

Item    --   100

Excise --     12

Receipt : 20 Aug 2015

Receiving Inspection      Dr     112

AP Accrual                     Cr              112

Delivery: 25 Aug 2015

CENVAT Recovery       Dr      12

Receiving Inspection     Cr              12

I am not sure why system is behaving like this and what configuration change need to be done for changing the accounting event from Delivery to Receipt.

Howdy, Stranger!

Log In

To view full details, sign in to My Oracle Support Community.

Register

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month

EBS India Financial Tags

Instructions for posting

×

1. Select a discussion category from the picklist.


2. Enter a title that clearly identifies the subject of your question.


3. In the body, insert detailed information, including Oracle product and version.


Please abide by the Oracle Community guidelines and refrain from posting any customer or personally identifiable information (PI/CI).


Cloud / Fusion customers - Our Cloud community has moved! Please go to Cloud Customer Connect .


New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center