Implementation Check list for Oracle Financials

Implementation Check list for Oracle Financials

 The set ups 
 a) Supplier sites, 
  b)Matching  tolerances,
  c)Distribution sets, 
  d) Bank accounts, 
  e) Tax names and groups,
 f) Reporting entities,
  g) Financial options, 
 h) Expense report templates, 
 and i) System options are operating unit specific. 
 1) Enable currencies that you plan to use.(GL), 

2) If you want to enter foreign currency transactions, define additional  rate types, and enter your daily rates.(GL), 

3) Define your accounting period types and accounting calendar  periods.(GL), 

4) set of books, use the Application Developer responsibility to set the GL Set of Books ID profile option to Updateable.(Application Developer), 

5) Define AP descriptive flexfields, 

6) Define Payables Lookups,. 

7) Define distribution sets. You can use a distribution set to  automatically enter distributions for an invoice. If you use Multiple  Organization Support, perform this step for each operating unit, 

8) If you use Payables to enter employees in your enterprise, enter  employee lookups.(HR), 

9) Define payment programs, 

10) Update country and territory information, and assign flexible address  formats.(AR), 

11) Implement sequential voucher numbering (SA), 

12) Implement Budgetary Control in General Ledger.(GL), 

13)Select your primary set of books. If you use Multiple Organization  Support, perform this step for each operating unit, 

14) Set System profile options.(SA), 

15)Define Financial Options for each operating unit, 

16) Define Payables Options for each operating unit, 

17) Define special calendars for key indicators, recurring invoices,  payment terms and withholding tax,. 

18) Define your payment terms. If you have already defined these in  Purchasing module, you need not to do here , 

19) If you plan to use automatic withholding tax, define Tax Authority  type suppliers,. You must do this before defining tax codes and tax groups.  If you use Multiple Organization Support, set up Supplier Sites for Tax 
 Authority type suppliers for each operating unit, 

20) Define banks, bank transmission details, and bank accounts. If you use  Multiple Organization Support, perform his step for each operating unit, 

21)Define request sets,.

 22) Assign Reporting Set of Books. If you use Multiple Organization  Support, perform this step for each operating unit. If you use Multiple  Reporting Currencies assign a primary set of books,
. 
 23) Define your purchase order matching and tax tolerances. If you use  Multiple  Organization Support, perform this step for each operating unit, 

24) Define invoice hold and release names. You use these codes to apply  and release holds from invoices
, 
 25) If you want to use Automatic Interest Calculation, define payment  interest rates,

 26) If you want to use Payables or Oracle Internet Expenses to enter  employee expense reports, create templates for entering expense reports. If  you use Multiple Organization Support, perform this step for each operating 
 unit, 

 27) If you use recoverable tax, then define tax recovery rules. If you use  Multiple Organization Support, perform this step for each operating unit,

 28) Define tax codes, and if you use automatic withholding tax, define  withholding tax groups. If you use Multiple Organization Support, perform  this step for each operating unit, 

 29) Define tax groups to group your tax codes. If you use Multiple  Organization Support, perform this step for each operating unit, 

 30) Define withholding tax certificates and exceptions. If you use  Multiple Organization Support, perform this step for each operating unit, 

31) Define one or more reporting entities for your organization for income  tax reporting. If you use Multiple Organization Support, perform this step  for each operating unit, 

 32) Define additional United States 1099 income tax regions.( Applicable  to USA implementations only), 

 33)Define any additional payment formats. If you plan to define foreign  currency or multiple currency payment formats, you must first enable the  Allow Multiple Currencies Payables option in the Payables Options window, 

34)Open your Payables accounting period,. 

35) Define the format for the Invoice Aging Report,. 

 36) Print Styles and Drivers for the Supplier Mailing Labels Report(SA), 

 37) If you use credit cards or procurement cards, then set up credit card 
 programs, 

 38) If you want to use the Invoice Approval Workflow to automate your 
 approval process then enable the feature and set up the workflow. 
 .