Procure to Pay Cycle In Oracle Fusion R13

The Procure To Pay cycle is vital to an organization as in this process the organization buys and received goods or services from its vendors and makes necessary payments.

 The P2P cycle consist of the following steps

1.       Create Requisition

2.       Create Purchase Order

3.       Create Receipts

4.       Create Invoice and Validate the Invoice

5.       Make Payment to Supplier

6.       Transfer and Import Journal to General Ledger

7.       Verifying the Journal entry

Step-1 : Create Requisition

•       Navigation: Procurement → Purchase Requisitions

 

Click on Enter requisition line

Enter the required details and click on Add to cart and click on Done

     Items will be added to cart and click on Review to review and submit 

    Review all values click on Submit Requisition will be submitted for Approval.

Step-2 : Create Purchase Order

We can create a purchase order in two ways

1.Purchase order through requisition

2.Purchase order without requisition

Purchase order through requisition:Navigation: Procurement  →  Purchase Order

 

 

 

 

 

 

 

Step-3 : Create Receipts

 Navigation: Inventory management → Receipts.

Give Purchase Order number and search
Click on receive button
Click on submit button

Step-4 : Create Invoice and Validate the Invoice

Navigation: Payables   →  Invoices

Give the PO number and enter the invoice amount, invoice name.