Oracle Fusion Finance Important Roles

Accounts Payables – User Role

Role	Description
Payables Specialist	Enters invoices ensuring accuracy, uniqueness, and completeness. Matches invoices to correct purchase orders or receipts ensuring that invoices comply with company policy.
Payables Supervisor	Oversees the activities of Accounts Payables Specialists. Initiates and manages pay runs. Resolves non-data entry holds.
Payables Manager	Manages Accounts Payable department and personnel. Overrides exceptions, analyzes Oracle Fusion Payables balances and submits income tax and withholding reports to meet regulatory requirements.

Fixed Assets – User Role

Role	Description
Asset Accountant	Performs asset transactions including additions, adjustments, transfers, and retirements, ensuring accuracy and completeness. Verifies asset information, transaction details, and accounting entries through inquiry and reports.
Asset Accounting Manager	Manages fixed assets department and personnel. Monitors and performs asset transactions, maintain asset books and setups in Oracle Fusion Assets, and views asset information and accounting entries.

Receivables – User Role

Role	Description
Accounts Receivables Specialist	Manages and implements all customer payment activities, including receiving customer payments and electronic remittance advice, performing cash handling activities, processing customer payments, and applying payments to customer accounts
Accounts Receivables Manager	Manages all accounts receivable activities, including defining policy and controls, establishing processes and procedures, resolving issues, monitoring and analyzing accounts receivable balances, and creating reports and business intelligence

Cash Management – User Role

Role	Description
Cash Manager	Protects and develops the company’s liquid assets maximizing their use and return to the organization.

Expenses – User Role

Role	Description
Employee	Identifies the person as an employee
Line Manager/   Approver	Identifies the person as a line manager
Expense Manager	Manages the company’s expense policies and processes. Reviews and proposes changes to expense policies.
Expense Auditor	Reviews and audits expense reports on a daily basis to ensure compliance with the company’s reimbursement policy.
Corporate Card  Administrator	Oversees the functioning of corporate card travel programs and procurement card programs. Provides support to cardholders and assures payments are made timely and no delinquencies are incurred.

Tax – User Role

Role	Description
Tax Manager	Defines the tax policies and the most efficient tax configuration. Sets up relatively stable entities that seldom require updates, such as tax regimes and taxes.
Tax Administrator	Sets up technical areas and the integration with tax service providers
Tax Specialist	Maintains tax configuration, especially the variable entities that require periodic updates, such as tax rates and tax jurisdictions.
Tax Accountant	Prepares and files tax returns and reports for an enterprise, including country, federal, state, and local corporate, payroll, and transaction taxes.

How to apply prepayment invoice to Standard invoice where Invoice currency is different ? Cross Currency Prepayment Application

 

Issue

There are many prepayment invoices in foreign currency which need to be applied to a ledger currency standard invoice but not being able to do this.
Is this the expected behavior?

Solution

Prepayment Invoice can be applied when invoice currency is same as standard invoice

Case: If you pay a prepayment in a currency that is different from the invoice currency, you can apply the prepayment to an invoice provided the invoice currency of the invoice and the invoice currency of the prepayment are the same.

For example, if you have the following payable documents:

  Invoice: Invoice currency = INR, payment currency = USD

  Prepayment: Invoice currency = SAR, payment currency = SAR

You can apply the prepayment to the invoice because both payables documents have an invoice currency of INR