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TOPIC: Re:Conversion Process(AP Invoice)
#2763
shrikantjpatel.it (User)
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Conversion Process(AP Invoice) 5 Years, 3 Months ago  
How to convert the paid invoice and payment into oracle ? Please describe in detail with step by step..

Thank You for your time !!
 
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handsonerp (Admin)
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Re:Conversion Process(AP Invoice) 5 Years, 3 Months ago  
By "convert" do you mean to migrate paid invoices and payments into Oracle from legacy system?

The purpose of the forum is to discuss topics already covered in the lessons therefore I will not able to give you detail step by step guide on how to perform this project. However here are few high level points.

Usually you dont bring in processed invoices. Only open transactions are imported. Legacy system remains alive for few years in inquiry only mode.

However if you have to bring in the paid invoices for some reason, then you can use the open invoice interface table to import invoices into Oracle. You must first bring in suppliers using suppliers interface table. There is no interface table to bring in historical payments. You have to mark these invoices as paid using dummy payments. In order to make sure you dont have double counting in GL you do the AP to GL transfer and reverse the journals associated with the paid invoices and payments. Double counting could result from the fact that you will also be bringing in opening balances directly into GL which would already include historical accounting information related to paid invoices and payments.
 
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#2803
shrikantjpatel.it (User)
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Re:Conversion Process(AP Invoice) 5 Years, 3 Months ago  
Thank You !!!
 
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aanchi88 (User)
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Re:Conversion Process(AP Invoice) 1 Week, 5 Days ago  
Hi Hasan,

Will there be duplicate entries if we bring open invoices and receipts from legacy system to Oracle and also we are bringing open balances in GL.

Regards,
Aanchal
 
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