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.

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