Oracle Fusion AP Recurring Invoice Process
Recurring Invoices
You can enter invoices for periodic business expenses for which you may not receive invoices, such as rent. To enter recurring invoices, first define a recurring invoice template, then create invoices based on the template. With a recurring invoice template, you can do the following:
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- Specify the intervals in which invoices based on the recurring invoice template will be created.
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- Create up to two special one-time invoice amounts of a non-standard amount, such as a deposit or balloon payment.
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- Define recurring invoices to increase or decrease by a fixed percentage from period to period.
i) Create Payables calendar (Special calendar in EBS)
In implementation project search for task ‘Manage Payables Calendars’ >> Go to Task >> Create & Save and Close.
ii) Create Recurring invoices from spreadsheet.
Navigation: Payables >> Invoices >> Tasks panel >> Create Recurring Invoices.
>> Download and open spreadsheet
| Field | Value |
| *Business Unit | ABC Business Unit |
| *Invoice Number | Test_INV_1 |
| *Invoice Amount | 1,500.00 |
| **Supplier | Lee Supplies |
| *Supplier Number | 1252 |
| *Supplier Site | Lee US1 |
| *Invoice Currency | USD |
| Payment Currency | USD |
| *Calendar Name | ABC Recurring |
| *From Period | Jan-22 |
| *To Period | Dec-22 |
| *Amount | 1,500.00 |
| Distribution Set | ABC Distribution Set |
Click on Generate >> Check on Failure >> the number of recurring invoices created is 12.
Now we verify these recurring invoices in invoices workbench.
Invoice Number: Test_INV_1_1; Date: 01-Jan-202; Amount: 1000
Invoice Number: Test_INV_1_2; Date: 01-Nov-2022; Amount: 1000
Invoice Number: Test_INV_1_12; Date: 01-Dec-2022; Amount: 1000
Overview of Invoice Transaction
