Define Common Applications Configuration (Required)
- Set up enterprise structures: Define the legal entities, business units, and ledgers.
- Configure reference data sharing: Determine shared business objects across business units.
Manage Ledger Options (Required)
- Define primary ledger: Set up the main record-keeping ledger.
- Assign accounting methods: Decide on the accounting method.
Define Common Financial Configuration (Required)
- Manage flexfields: Customize segments for the chart of accounts.
- Manage value sets for flexfields: Define valid values for each segment.
Manage Common Options for Payables and Procurement (Required)
- Set document sequencing: Determine the order in which documents like invoices and purchase orders are numbered.
- Define business function properties: Configure settings that impact both payables and procurement, such as invoice matching options.
Set Up Payables Configuration (Required)
- Define payment terms: Specify terms like net 30, net 60.
- Procurement Agents
- Common Options for AP and PO
- Manage invoice options: Set parameters for invoice creation and validation.
- Configure payment formats: Determine payment formats.
- Set up banks, bank branches, and bank accounts: Essential for making payments. (CE tasks)
Manage Suppliers (Required)
- Register suppliers: Add supplier details and contacts.
- Define supplier types: Categorize suppliers.
Manage Payables Lookups (Optional)
- Customize lookups: Modify or add lookup codes for dropdown lists.
Configure Payables Approval Workflow (Optional)
- Define approval rules: Set approval parameters.
- Set up notification preferences: Configure user notification methods.
Set Up Taxes (Optional but Recommended)
- Define tax regimes, rates, and rules: Configure based on regional tax laws.
- Assign taxes to suppliers and supplier sites: Ensure accurate tax calculations.
Manage Reporting and Analytics (Optional)
- Configure financial reporting structures: Set up hierarchies for reporting.
- Define custom reports: Create tailored reports.
Integrate with Other Modules (Optional but Recommended)
- Set up integration with procurement: Integrate data flow between purchasing and payables.
- Configure integration with assets: Address capital purchases for the asset register.
Again, the order provided is a general guideline. Adjustments might be needed based on specific business requirements. Always consult with a Fusion Applications specialist when configuring the system.