Charge Account in Oracle Fusion

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Charge Account in Oracle Fusion

It seems you’re inquiring about the “Charge Account” in Oracle Fusion. The Charge Account in Oracle Fusion Applications (specifically Oracle Fusion Procurement) represents the default account combination that will be debited (charged) when an expense is incurred or when a purchase order line is created. Setting up and maintaining charge accounts correctly is important for accurate financial tracking and reporting.

Here’s a step-by-step guide to set up a charge account in Oracle Fusion:

  1. Navigate to the Setup and Maintenance Area: Go to the Oracle Fusion Applications dashboard and navigate to “Setup and Maintenance.”

  2. Search for Task: In the “Setup and Maintenance” area, search for the task related to managing purchasing line types. It’s usually named “Manage Common Options for Payables and Procurement.”

  3. Manage Line Types: Within the task, go to the “Line Types” tab. Here, you’ll find a list of purchasing line types available.

  4. Edit Line Type: Select the line type for which you want to set up the charge account and click “Edit.”

  5. Enter Charge Account: In the edit window, navigate to the “Charge Account” section. Here, you’ll be able to specify the default account combination. Enter the segments of your account combination (like Cost Center, Account, Department, etc.) as per your Chart of Accounts structure.

  6. Save and Close: Once you’ve entered the charge account details, click “Save” and then “Close.”

  7. Deploy Changes: It’s a good practice to ensure all configuration changes are appropriately deployed, and cache is refreshed if necessary.

  8. Test: Create a mock purchase order and see if the charge account defaults as expected. This will confirm if your setup is correct.

 

ORACLE FUSION PPM Training Demo Day 1 Video:

 
You can find more information about ORACLE FUSION PPM Training in this Oracle Fusion PPM Docs Link

 

Conclusion:

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You can check out our other latest blogs on ORACLE FUSION PPM Training here – Fusion PPM Blogs

Please check out our Best In Class ORACLE FUSION PPM Training Details here – Fusion PPM Training

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