Setting Up Bills Payable

To use Bills Payable in Oracle Payables, you must perform the following setups:

Funds Disbursement Payment Method Setup

To create a payment method that issues bills payable only, perform the following steps.

  1. In the Navigator, under Setup: Payment, click the Payment Administrator link to navigate to the Oracle Payments Setup page.

  2. Under Funds Disbursement Setup, click the Go To Task icon for Payment Methods. The Payment Methods page appears.

  3. Click the Create button. The Create Payment Method: General page appears.

  4. In the Bills Payable region, select the Use Payment Method to Issue Bills Payable check box. When you enable this check box, the payment method is used only for creating bills payable

  5. In the Maturity Date Override field, specify the number of days to add to the payment date to determine the maturity date.

    Note: Payments created with a bills payable payment method will have a maturity date that is based on the earliest available discount or due date when the payment is created. You can optionally override this calculation by entering a value for the number of days in the Maturity Date Override field. The maturity date is then calculated by adding that number of days to the payment date.

Payment Process Profile Setup

To ensure that a payment instruction contains only bills payable, perform the following steps.

  1. In the Navigator, under Setup: Payment, click the Payment Administrator link to navigate to the Oracle Payments Setup page.

  2. Under Funds Disbursement Setup, click the Go To Task icon for Payment Process Profile. The Payment Process Profiles page appears.

  3. Click the Create button. The Create Payment Process Profile page appears.

  4. In the Payment Grouping region, select the Bills Payable check box so only bills payable will be grouped into a single payment instruction.

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