Liability amount for expenses
We have a requirement where we want to see the liability amounts against asset & expense items at the end of the month. We procure expense/asset items from same suppliers but from two different systems – oracle for expense items & legacy for inventory items as our distribution & mfg is still in legacy. The AP & GL are in oracle only but invoices related to inventory items are created & transferred to oracle so the idea is to reconcile the liability in oracle AP, legacy AP & oracle GL.
Oracle doesn’t provide any
Oracle doesn’t provide any solution out of the box but you can think of few alternate solutions 1. If you are in R12/Fusion application then you can easily use SLA to derive the liability account. Use separate liability accounts for expense & asset items 2. In 11i it’s not that easy as we don’t have any SLA. So the only option would be to maintain dummy supplier sites for liability accounts. Make a cost benefit analysis & check if it ‘ll really add any value to your system