In Oracle Fusion, all Procurement Account Maintain at Transaction Accounting Builder (TAB), it is same as work as charge account in R12 and you can maintain own TAB as per your business requirement. All the accounts maintain at the task called Mapping Set

• ·         you can set these accounts at inventory organization level or make as default for all inventory organization but default account has lesser preferences as compared to assignment at inventory organization level.
• ·         As compared to R12 where we can set only one accrual account at inventory organization level but in fusion you can maintain as many accrual accounts as you want based on your business requirement.

At the time PO creation, following account assigned

• PO Charge Account
• Variance Account
• AP Accrual Account

When Receipt performed in Supply Chain Execution > Inventory Management> Receipt > Receipt Expected Shipment then following Account hit on the basis of Receipt Method I.e Direct, standard & Inspection

When supplier billed the invoice then In payable fusion system invoice will be booked against receipt and liability account picked from supplier site.

At the time of payment, system debit the Supplier Liability Account and credit the Cash Account