FINANCIAL OPTIONS

Finanacial option is nainly concerned how oracle payables is integrated with purchasing, Asset and Human Resources. You can define defaults from this window to simply supplier entry, Requisition entry, purchase order entry, invoice entry, and automatic payments. Although you only need to define these options and defaults once, you can updatethem at any time.
If youchange an option and it is used as a default value else were in the system, it will only be used as a default for subsequent transaction. you can required to enter defaults for the Accounting Financial Options in the accounting region.
If you do not useencumbarence accounting or budgetary control, you do not need to enter defaults in the encumbarence region. If you do not alsohave oracle purchasing installed. You do not need to enter defaults the supplier-purchasing region. If you do not have Oracle Human Resources installed you are not requried to enter defaults int he Human Resources region. If you enterprise does noe not need to record a VAT registration number, and if you don't use recoverable tax, you don't need to enmter defaults the tax registration.
IF pucashing the only Orqcle application installed at youe site, you are only required to enter information in the following regions. Accountg and supplier purchasing you define your tax defaults in the tax region. IF oracleAssets is the only product you use, you are only required to enter information in the following regions. Supplie, Human resouces, and Accounting.