Payables & Cash Management

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Topic

    Gopal Somani
    Payables Invoices with Project related Information
    Topic posted September 9, 2019 by Gopal SomaniRed Ribbon: 250+ Points, tagged Assets, Financials, Payables 
    42 Views, 3 Comments
    Title:
    Payables Invoices with Project related Information
    Summary:
    Payables Invoices with Project related Information
    Content:

    Hi Team,

     

    Requesting your inputs on below scenario -

    I am entering an AP invoice with 'Asset clearing account' and adding the project related information (Project, Expenditure type, Org, task etc.) I validated and accounted that invoices. Ran Create mass addition. I could see that the invoice got transferred to FA.

    I was expecting that since it is project related invoice, so it should not transfer to FA from payables. It should get transferred to FA by Project.

    Please let me what is wrong here or if my understanding is not correct 

    Please share the relevant document or links.

     

    Thanks in Advance !

    Comment

     

    • Becky Alvarez

      Does PPM have a mass additions program?  Or don't you have to create a Capital Project and then once complete you capitalize the project/task and it crates the related Fixed Assets?  I think these are two completely different processes.  I am no expert in PPM Cloud but I do know that Fixed Assets (FA) that are entered in AP will always go directly to FA through Mass Additions and the PPM Cloud has another method for Capitalizing their Capital Projects and its related tasks and assets.  I do not know the specifics but pretty sure you set the FA up on the project and capitalize there to get them over to FA for depreciation. 

      Someone who is more familiar with both PPM and Financials Cloud may want to chime in.

    • Paul Fernandez

      Gopal,

      The AP/PA/FA integration in Fusion Cloud is very similar to what is in EBS. However, the integration is a bit more nuanced based on different criteria.

      The simple to answer to your issue 'I was expecting that since it is project related invoice, so it should not transfer to FA from payables. It should get transferred to FA by Project.' is that 'Only if it is a Capital Project, this transaction will not get interfaced to FA from AP. Otherwise, it will.'.

      There are two columns called PA Addition Flag and Assets Addition Flag in AP Invoice Distributions and the value of those two columns determine how the integration of the records work.

      I have done some research on this issue. You can contact me privately for more details.

      Thanks

      --Paul