Accounts Receivables is used to record
the any type of customer transactions and Receipts accounts. This is coming
into organization.
Order
to Cash Cycle (O to C cycle):-
Sales Order
Booking àPick
Release àShip
Confirm àAR
InvoiceàReceiptàTransferred
to GL.
AR
Integration:-
ARàOMàAPàPAàCMàGL
Define
the Item Validation:-It’s a common setup between the OM and AR Module
Navigation:-Setup>System
Parameter>Values
Log into the Order Management
Select the Operating Unit Name
Scroll down and Place cursor on the “Item Validation Organization”
Select the Inventory Organization Name
Click on the “OK”
System
Options:-System options are using to controlling
the features at OU level.
Step 1:-Define
the System Options
Navigation:-Setup>System>System
Options
By default OU name will come
Select the Primary Ledger Name
Enter the Account details.
Enable the “Automatic
Journal Import”
Click on the “Transaction
and Customers” Tab.
Some of the check by default enabled.
Enable the “Purge
Interface Table”
Enter the “Tuning
Segments”
Auto
Invoice:-It’s used to import the data from Order
Management (or) Legacy System.
Tuning
Segments:-It will be used in the auto Invoice
program segments.
Which are containing much data will select as a tuning
segment.
Tuning segment data will be stored in the buffer tables. So that when
we run the auto invoice import program. The data will be retrieved.
Click on the “Miscellaneous” Tab.
Enable the “Allow
unearned Discounts”
Select the default country “India”
Change the Source of territory “Bill to Site”
Split
Amount:-It’s used as a parameter in the collection
indication report. This was used to identify the performance of the collector.
Discount
Basis:-It’s used to determine the base amount
for discount collection days in day’s sales outstanding collection
Source
of territory:-It is used to default the territory
information into invoice window.
Save and Close.
AR
Key Flex Fields:-
There are two key flex fields in AR
Module
1. Sales Tax Location Flex Field
2. Territory Flex field
1.
Sales Tax Location F.F:-It’s a mandatory F.F.Which is used to
calculate the Sales Tax.
Step 1:-Define
the Sales Tax F.F
Navigation:-Setup>Financial>Flex
Field>Key>Segments
We can use the existing Sales Tax location structure
also.we can create new one also it required.
2. Territory Flex Field:-It’s an optional F.F.Which are mainly
two purposes.
1. To identify the Sales where it is taking place
2. To capture the Revenue each location wise.
Step 1:-Define
the Territory Flex Field
Navigation:-Setup>Financial>Flex
Field>Key>Segments
Query the Territory Flex Field structure.
Note:-We can’t
create the new territory structure,we have to use the existing structure
only,but we can add the segments.
Click on the “Segments”
Un-freeze the structure then add the segments,if
required.
Open
AR Periods:-
Navigation:-Control>Accounting>Open/Close
Periods
Change the Status from “Not Opened” to “Opened”
Save and close.
Payment
Terms:-Payment terms are used determine the
payment scheduled date for Invoice, when customer has to pay the amount.
Step 1:-Define
the payment term
Navigation:-Setup>Transaction>Payment
Terms
Enter the Payment term name and Description
Enable the “Allow
discount on partial payments”
Enter the discount basis
Select the Installment Options
Enter the 30 Days.
If organization wants give discount to customer,click
on the “Discounts”
If customer paid full/partial amount with in 10days,10%
discount is appicable.
Save and Close
Statement
Cycle:-
Statement cycle will determine the when
to send statement to the customers.
Step 1:-Define
the Statement cycles
Navigation:-Setup>Print>Statement
Cycle
Enter the Name and Description
Select the Interval
Select the operating unit
Enter the statement date
Note:-If we want
to skip any month enable the check box.
Save and Close.
Remit
to Address:-This is the organization address to the
Receipts
Step 1:-Define
the Remit to Address
Navigation:-Setup>Print>Remit
to Address
Click on the “Create
Remit To Address”
Enter the country name
Enter the address of company
Click on the “Apply”
Enter the Country Name “India”
Click on the
“GO”
Click on the “Create”
Enter the country name
Enter the State name
Click on the “Apply”
Close the
form.
Collectors:-
The
person who is collecting money from the customers is called collectors.
Step 1:-Define
the Collectors
Navigation:-Setup>Collections>Collectors
Enter the Collector Name and Description.
Save and close.
Application
Rule Set:-
Application rule set will determine to
apply the receipts amount against various invoices components.
The Invoice
components are Item or Line or Tax or Freight and Financial Charges.
Step 1:-Define
the Application Rule Set.
Navigation:-Setup>Receipts>Application
Rule Sets
Enter the Name and description
Enter the Seq and Rule
Select the Type and Tax Treatment.
Enter the Rules and place the cursor on Line.
Type should be Line and select the Tax Treatment
Save it.
Enter the Rules and place the cursor on Freight.
Type should be Freight and select the Tax Treatment
Save it.
Enter the Rules and place the cursor on Charges.
Type should be Charges and select the Tax Treatment
Save it.
Customer
Profile Class:-
Profile classes are used to classify
the customers based on the certain parameter. Customers can be certified by
following ways.
1. Good Customers
2.Average Customers
3.Below average Customers
Step 1:-Define
the Customers Profile Class
Navigation:-Customer>Profile
Classes
Enter the Name and Description
Select the payment term
Select the Cycle
Select the Collector
Click on the “Profile
Class Amounts” Tab.
Select the Currency name
Enter the credit limit
Enter the Min Receipt Amount
Enter the Min Statement amount
Enter the Tolerance amounts
Save
it.
In same manner add some more currencies also.
Save
and close the form.
Customers:-
Either
Person (or) Organization to whom sending the goods (or) services is called a
customers.
There are three levels of information will contain the
customer.
1. Customer Header
2. Address Site
3. Business
Purpose.
Step 1:-Define
the customer
Navigation:-Customer>Standard
Click on the “Create”
Enter the Organization Name/Customer Name
Select the Profile Class
Enter the Master Case “1”
Select the Country Name
Enter the address details of the customer.
Select the Operating Unit Name
Click on the “Add
another Row”
Select the ship and Bill to Location also.
Bill
to Party:-Bill to Party is nothing
but customer Invoice receiving address.
Ship
to Party:-It will determine the Goods delivery destination for
customer address.
Dunning
Site:-It’s a customer site where organization is sending the
statements.
Sold
to Party:- If we assign sold to party business purpose to the address
site. This site we can use any business purpose.
Click on the “Apply”
Customer has been created.
Party
Tax Profile:-
This setup we have to do in Tax Manager Responsibility.
Step 1:-Define
the Party Tax Profile
Log into Tax Manager Responsibility
Navigation:-Parties>Party
Tax Profile
Select the Party type is Operating Unit
Select the Party Name
Click on the “GO”
Click on the “Create
Tax Profile”
Click on the “Apply”
Transactions:-
Transactions
are nothing but a Invoices. So Transactions will be created by organization and
send to
the customer.
There are three levels of information in the Transaction.
There are 7 types of Transactions in AR.
1. Invoice
2. Credit Memo
3. Debit Memo
4. Deposit
5. Guarantee
6. Charge back
7. Bills Receivables
Transactions can be created by two ways.
1 1.Manual
2 2.Auto Invoice
Transaction
Types:-Transaction Type will determine the Features of
Transactions.
Step 1:-Define
the Transaction Type
Navigation:-Setup>Transaction>Transaction
Types
Select the Legal Entity Name
Enter the Transaction Name and Description
Select the class
Select the Creation Sign
Select the Transaction Status
Select the Printing Option
Enter the Receivable and Revenue accounts.
Save it.
Transaction
Source:-
Transaction source will determine the Transaction type and
numbering for individual transactions and batch transactions.
Step 1:-Define
the Transaction Source
Navigation:-Setup>Transaction>Sources
Select the legal entity name
Enter the Transaction Source name and Description.
Enter the number for Individual Transactions
Select the transaction Type.
Save it.
Auto
Accounting:-
It is used to default accounting information at the time of
Transaction Creation. It can be defined for various accounts.
These accounts
are like
1.Receivables
2.Revenue
3.Freight
4.Tax
5.Unearned Revenue
6. Unbilled
Receivables
7.Auto Invoice Clearing
Step 1:-Define
the Auto Accounting
Navigation:-Setup>Transaction>Auto
Accounting
Select the Type and then system will display below segment
values.
Receivable account information system has to retrieve from
the Transaction Types level.
Save it.
Save and close it.
AR
Invoice/Transaction Creation:-
Step 1:-
Create one Manual Invoice
Navigation:-Transactions>Transactions
Select the Source Name
Enter the GL Date
Select the customer name
After entered the above details.
Click on the “Line
Items”
Select the Item or Enter the Description also, if no item.
Enter the Quantity and Unit Price.
Save and close this form.
Click on the “Complete”
Receipts:-
Recording
the collection information in Oracle is called Receipts.
Receipts can be
created by two ways.
1 1. Manual
2. Automatic
There are two types of AR Receipts
1. Standard
Receipts
2. Miscellaneous Receipts
Receivable
Activities:-
It is used to default the accounting information for Receipt
for various Activities.
The Receivable activities are
1.Earned Discount
2. UN-Earned
Discount
Step 1:-Define
the Receivable Activities (Earned Discount and Unearned Discount)
Navigation:-Setup>Receipts>Receivable
Activities
Enter the Receivable activity name and description
Select the Type
Enter the GL Account.
Save it.
Define
the Unearned Discount same way but select GL account as UN Earned
Bank
Accounts:-We can use the same bank which we defined in the AP modules
or we can create the new bank account also.
Step 1:-Query
the Existing bank and update the Receivable options.
Navigation:-Setup>Payments>Bank
Accounts
Log into the Payable Module.
Select the Bank Account
Click on the “GO”
Select the Current Account
Click on the “Update
Account”
Click on the “Account
Access”
Click on the
“Options”
Update the above accounts
Update the Receivable Activities.
Click
on the “Apply
Receipt
Classes:-
It will determine the Receipt creation method, Remittance
Method, Clearance Method and Bank Account information.
Step 1:-Create
the Receipt Class
Navigation:-Setup>Receipt
>Receipt Classes
Enter the Name
Select the Creation Method
Enter the Remittance Method
Enter the Clearances method.
Enter the Receipt Method
Click on the “Bank
Accounts”
Select the bank account and branch
Select the account details
Select the receivable activities.
Receipt
Sources:-
It will determine the Receipt classes, payment method, Bank
Accounts and numbering for Receipt
Batches.
There are two types of Receipt sources
1. Manual
2. Automatic
Step 1:-Define
the Manual Receipt Source
Navigation:-Setup>Receipts>Receipt
Sources
Enter the Name and Description
Select the Receipt class
Enter the Last number
Step 2:-Define
the Automatic Receipt Sources
Navigation:-Setup>Receipts>Receipt
Sources
Note:-We
can’t define the new automatic receipt source, which will be created at the
time Replicate seed program. We have only one automatic receipt source for each
operating unit wise.
Query
the Automatic Receipt Sources
Customer
Balances:-
Step 1:-Check the Customer Balances
Navigation:-Account Details
Receipts:-
Manual Receipts can be created by two ways
1. Individual or Single Receipts
2.Batch
Receipts
(1)Individual
or Single Receipts:-
Step 1:-Create Receipt and against Transaction
Navigation:-Receipts>Receipts
Unidentified:-Receipt amount has been received but not identified the Customer
UN applied:-Received the Receipt amount and identified the customer but not
identified the Customer Transaction Number
Applied:-Identified the customer and transaction number is nothing but an
applied.
Step 2:-Verify the customer Balances.
Navigation:-Account Details
Step 3:-Verify the Transaction Balances
Navigation:-Transaction>Transaction
Debit
Memo:-
It will be created by the organization and
send to the customer. When the customer has to bare additional charges.
Step 1:-Create the Memo Line
Navigation:-Setup>Transaction>Memo Lines
Enter the Name and Description
Type is Line
Save it.
Step 2:-Define the Transaction Type
Navigation:-Setup>Transaction>Transaction Type
Save it.
Step 3:-Define the Transaction Source
Navigation:-Setup>Transaction>Sources
Save it.
Step 4:-Create the Debit Memo Invoice
Navigation:-Transaction>Transaction
Step 5:-Check the customer Balances
Navigation:-Account Details
Credit
Memo:-
Credit Memo will be created by organization
and send to the customer. If organization want to reduce the customer balance’s
There are two types of Credit Memo's
1.
Credit Memo against Specific Transaction 2.On Account Credit Memo
Step 1:-Define the Memo Line
Navigation:-Setup>Transaction>Memo Lines
Save it.
Step 2:-Define the Credit Memo Transaction Type
Navigation:-Setup>Transaction>Transaction Type
Save it.
Step 3:-Define the Credit Memo Transaction Source
Navigation:-Setup>Transaction>Sources
Save it.
Step 4:-Assign the Credit memo Source to Invoice Transaction Source.
Navigation:-Setup>Transaction>Sources
Credit
Memo against specific Transaction:-If organization
wants to reduce the amount on specific transaction create credit memo against
specific transaction.
Step1:-Create a Credit Memo against Transaction
Navigation:-Transaction>Transaction
Step 2:-Query the Invoice and verify the balances
Navigation:-Transaction>Transaction
On
Account Credit Memo:-It’s a general Credit Memo,
which is created against customer account.it will reduce the amount against
customer balances.
Step 1:-Check the customer balances
Navigation:-Account Details
Step 2:-Create on account Credit Memo
Navigation:-Transaction>Transaction
Step 3:-Check the customer balances
Navigation:-Account Details
Deposit:-
It's an advance payment made by customer to the organization. Later
it will be adjusted against future Invoices. It will come under commitment
category.
Step 1:-Define the Deposit Transaction Type
Navigation:-Setup>Transaction>Transaction Type
Save it.
Step 2:-Define the Deposit Transaction Source
Navigation:-Setup>Transaction>Sources
Save it.
Step 3:-Create the Deposit Invoice
Navigation:-Transaction>Transaction
Step 4:-Create the Receipt against Deposit Invoice.
Navigation:-Transaction>Transaction
Step 5:-Check the Deposit Invoice Balances
Navigation:-Transaction>Transaction
Step 6:-Create one Invoice and apply the Deposit Invoice.
Navigation:-Transaction>Transaction
Step 7:-Check the Deposit Invoice Balances
Navigation:-Transaction>Transaction
Guarantee:-
It’s an Assurance from the customer to buying the goods or services
from the organization. It will come under commitment transaction type.
Step 1:-Create a Guarantee Transaction Type
Navigation:-Setup>Transaction>Transaction Type
Save it.
Step 2:-Create a Guarantee Transaction Source
Navigation:-Setup>Transaction>Sources
Save it.
Step 3:-Create a Guarantee Invoice
Navigation:-Transaction>Transaction
Step 4:-Create One Invoice against with the reference of Guarantee
Transaction
Navigation:-Transaction>Transaction
Step 5:-Create Receipt and apply to the Transaction
Navigation:-Receipts>Receipts
Step 6:-Verify the guarantee Transaction commitment balances
Navigation:-Transaction>Transaction
Charge back:-Charge back is nothing but a closing the old invoice and creating a
new invoice for remaining amount with due date.
Step 1:-Define the Charge back receivable activity
Navigation:-Setup>Receipts>Receivable Activities
Note:-Query the Charge back Receivable activity and update the GL Account.
Click on the “F11”
Enter the Charge%
Click on the “Ctr+F11”
Enter the GL Account.
Save it.
Step 2:-Define the Charge back Transaction Type
Navigation:-Setup>Transaction>Transaction Type
Save it.
Step 3:-Define the Charge back transaction Source
Navigation:-Setup>Transaction>Sources
Note:-Charge back source automatically will be created by system, at the
time of replicated seed data concurrent program.
Click on the “F11”
Enter the Char%
Click on the “Ctr+F11”
Select the Legal Entity Name
Select the Transaction Type
Save it.
Step 4:- Create One Invoice with Old date.
Navigation:-Transaction>Transaction
Step 5:-Create receipt with partial amount.
Navigation:-Receipts>Receipts
Step 6:-Query the Receipt and apply the charge back
Navigation:-Receipts>Receipts
Step 7:-Query the charge back transaction
Navigation:-Transaction>Transaction
Step 8:-Query the old Transaction and verify the balances
Navigation:-Transaction>Transaction
Invoice Rules and Accounting Rules:-
Invoice
Rules:-It will determine the accounting period in
which receivable amount is recognized. There are two types of Invoice Rules.
1. Bills in Advance
2. Bills in Arrears
1.
Bills in Advance:-In case of Bills in Advance
Invoice Rule Receivable will be recognized by the Receivable amount starting of
the Project.
2.
Bills in Arrears:-In case of Bills in Arrears
Receivables will be recognize the Receivable amount end of the Project.
Accounting
Rules:-It will determine the accounting period to
distribute the Revenue amount based on the Ratio. This has been defined in the
Accounting Rules.
There are Four Types of Accounting Rules
1. Fixed Schedule
2. Variable Schedule
3. Daily Revenue Rate all Periods
4. Daily Revenue Rate partial Periods
1. Fixed Schedule:-In case of fixed schedule duration of the project and Revenue
percentage of each accounting period will be defined at the time of accounting
rule creation.
Step 1:-Define the fixed Schedule
Navigation:-Setup>Transaction>Accounting Rules
Enter the Name and Description
Select the Type
Select the Accounting Calendar Type
Enter the Number of Periods
Distribute the Percentage
Save it.
2.
Variable Schedule:-If we use variable schedule
accounting Rule, duration of the project will not be enter at the time of
accounting rule creation. Duration of the project will be entering at the time
of Invoice Creation. While creating the Variable account rule percentage of the
revenue may aware or may not be aware.
Step 1:-Define the Variable Accounting Rule.
Navigation:-Setup>Transaction>Accounting Rules
Enter the Name and Description
Select the Type
Select the Accounting Calendar Type
Save it.
Invoice
with Bills in Advance and Fixed accounting Rule.
Step 1:-Create one Invoice with Bills in Advance and Fixed Accounting Rule.
Navigation:-Transaction>Transaction
Step 2:-Run the Revenue Reorganization Program.
Navigation:-View>Request>Submit New Request.
Step 3:-Invoice with Bills in Arrears and Fixed Accounting Rule
Navigation:-Transaction>Transaction
Step 2:-Run the Revenue Reorganization Program.
Navigation:-View>Request>Submit New Request.
Invoice
with Bills in Advance and Variable Accounting Rule.
Step 1:-Create one Invoice with Bills in Advance and Variable Accounting
Rule.
Navigation:-Transaction>Transaction
Step 2:-Run the Revenue Reorganization Program.
Navigation:-View>Request>Submit New Request.
Transaction Batch:-
Transaction
Batch is nothing but a grouping the multiple Invoices based on the certain
parameter
Step 1:-Create Transaction Batch
Navigation:-Transaction>Batches
Note:-Closed status will be assigned to transaction batch when the
difference count is showing “0”
Transaction Deletion:-
Only
incomplete transaction can be deleted in AR Module.
Step 1:-Enable the “Allow Transaction
Deletion” at system options
Navigation:-Setup>System>System Options
Enable the “Allow Transaction Deletion”
Save
it.
Step 2:-Query the Incomplete transaction which you want to delete.
Navigation:-Transaction>Transaction
Receipt Batch:-
It is used
to group the Receipts based on the certain parameter.
There are 3 types of
Receipt Batches.
1. Manual Regular
2.Manual Quick
3.Automatic.
1.
Manual Regular:-In case of Manual regular Receipt
Batch will update the customer balances as soon as save the Receipt batch.
Step 1:-Create Manual Regular Receipt Batch
Navigation:-Receipts>Batches
Step 2:-Come to Receipt Summary window; If you want create any Receipts.
2.
Manual Quick:-If we use Manual Quick Receipt Batch
in Receivables will not update the Customer balances as soon as save the
Receipt.
Receivables will update the customer balances when we run the “Post
cash quick cash Program”.
The post quick cash program will use the Auto cash
rule set to apply the Receipt amount on Invoices.
Auto
Cash Rule Set:-It will determine how the receipt
amounts have to be applied on various invoices. Auto cash Rule set will be used
by “Post Quick Cash Program”.
Auto Cash Rule set contains the 5 Rules, which
are used by program.
1. Clear Past Due Invoices
2. Clear the
Account
3. Clear Past Due Invoices Grouped By Payment Term
4. Match Payment
with Invoice
5. Apply to the Oldest Invoice First
Step 1:-Create the Auto Cash Rule Set
Navigation:-Setup>Receipts>Auto Cash Rule Set
Step 2:-Assign the Auto Cash Rule Set to Customer
Navigation:-Customer>Standard
Step 3:-Create the Manual Quick Receipt
Navigation:-Receipts>Batches
Miscellaneous
Receipts:-Non Invoice related Receipts is called a
Miscellaneous Receipts.
Step 1:-Define the Miscellaneous Receivable Activity
Navigation:-Setup>Receipts>Receivable Activity
Step 2:- Define the Miscellaneous Receipt
Navigation:-Receipts>Receipts
Receipt
Reversal:-Receipt Reversal is nothing but a
cancellation of the Receipts. There are 2 types of Receipts Reversal.
1. Standard Reversal 2.Debit Memo
Reversal
1.
Standard Reversal:-If we reverse the Receipt using
the Standard Reversal all the Transactions which is associated to Receipt will
be reversed.
Step 1:-Create One Invoice Transaction
Navigation:-Transactions>Transactions
Step 2:-Create the Receipt against the Transaction
Navigation:-Receipts>Receipts
Step 3:-Query the Invoice and verify the balances
Navigation:-Transactions>Transactions
Step 4:-Query the Receipt which you want to reverse.
Navigation:-Receipts>Receipts
Step 5:-Query the Invoice and verify the balances.
Navigation:-Transactions>Transactions
2.
Debit Memo Reversal:-If you reverse the Receipt
using the Debit Memo Reversal Method, Receivables will l create one new Debit
memo Invoice Instead of Reversing the Receipt.
Step 1:-Create one Receipt Class (or) use the existing the receipt and
enable the “Debit Memo’s Inherit Receipt
Numbers”
Navigation:-Setup>Receipts>Receipt Classes.
Step 2:-Query the Receipt which you want to Reverse.
Navigation:-Receipts>Receipts
Step 3:-Query the Debit Memo, which system has created.
Navigation:-Transactions>Transactions
Remittance:-
Sending the
Receipt information to Bank for collection is called a Remittance.
There are
four types of Remittance methods in Receipt classes.
1.Standard
2.Factoring
3.Standard & Factoring
4.No
Remittance
1.
Standard:-In case of Standard Remittance Method
Receipt Information Normally send to the bank and amount will be transfer to
the organization account from the customer bank account.
2.
Factoring:-In case of factoring Receipt Method
organization will take alone from the bank showing receipt information as evidence.
Remittance can be done two ways
1. Manual
2.Automatic
1. Manual Remittance:-Manual
Remittance is nothing but a selecting receipts details manually and sending to
Bank.
There are 3 steps
1. Create
2.Approve
3. For mate
Step 1:-Create a Remittance Receipt Class
Navigation:-Setup>Receipts>Receipt Class
Step 2:-Create a Manual Remittance Batch
Navigation:-Receipts>Remittances
Step 3:-Query the Remittance Batch and Approve it.
Navigation:-Receipts>Remittances
Step 4:-Query the Receipt and verify the Status
Navigation:-Receipts>Receipts
Create
the Customer Bank Account:-
Step 1:-Define the customer Bank Account
Navigation:-Customer>Standard
Query the Customer
Enter the Customer name
Click on the “GO”
Select the customer and click on the
customer, it will be open.
Click on the “Details”
Click on the “Payment Details”
Click on the Bank Account Transfer “Create”
Note:-Create is nothing but a creating the new bank account,
Add is nothing but a bank has been
created, we can assign to this customer.
Select the Country name
Select the “Create New Bank”
Select the “Create New Branch”
Enter the Account number
Enter the Account name
Click on the “Apply”
Customer Bank has been created.
Write off and Adjustments:-
Both are doing adjustments only
Adjustment:-We can write off the bad debts amounts, which customer has not paid
to the organization.
Step 1:-Enable the Write off amounts at system options level.
Navigation:-Setup>System>System Options
Enter the Write off amounts
Save it.
Step 2:-Create the Receivable activities
Navigation:-Setup>Receipts>Receivable Activities.
Define the Adjustment Receivable
Activity
Select the Type is “Adjustment”
Save it.
Define the Write off Receivable Activity
Select the Type is “Receipt Write off”
Save
it.
Step 3:-Define the write off limits to User.
Navigation:-Setup>Transaction>Approval Limits
Define the Write off limits for
Adjustment and write off both for Clerk and Manager
Save it.
Step 4:-Create one Transaction
Navigation:-Transactions>Transactions
Step 5:-Create the Receipt less the Invoice Amount
Navigation:-Receipts>Receipts
Step 6:-Query the Receipt, which you want Adjust remaining amount
Navigation:-Receipts>Receipts
Write
off:-
We can write off some of the excess amounts
paid by customers using write off feature.
Step 1:-Create one Transaction
Navigation:-Transactions>Transactions
Step 2:-Create the Receipt More than the Transaction Amount
Navigation:-Receipts>Receipts
Step 3:-Query the Receipt, Which you want write off.
Navigation:-Receipts>Receipts
Refund:-
Refund feature is
used to payback the excess amount or advance amount to the customer. This is
the new feature in R12.
Step 1:-Define the Receivable Activity
Navigation:-Setup>Receipts>Receivable Activities
Select the Type is “Refund”
Save it.
Step 2:-Create One Invoice
Navigation:-Transactions>Transactions
Step 3:-Create the Receipt with Excess Amount
Navigation:-Receipts>Receipts
Step 4:-Query the Receipt which you want refund to customer
Navigation:-Receipts>Receipts
Step 5:-Query the AP Invoice which system has created automatically.
Log into AP Module
Navigation:-Invoices>Entry>Invoices
AP/AR Netting:-
The
Payable and Receivables netting feature enables the automatic netting of
payable and Receivables transactions with in a business group.
The netting process
automatically creates the payable payments and receivables receipts required
to clear selected number of payable and receivables transactions.
Step 1:-Define the Netting Control Account
Navigation:-Setup>Financial>Flex Field>Key>Values
Create one AP/AR Netting Account
Save it.
Step 2:-Define the Netting Bank Account
Navigation:-Setup>Payments>Bank and Bank Branches/Bank Accounts
Create
the Bank
Select the Country
Enter the Bank Name
Click on the “Finish”
Create
the Branch Name
Enter the Country Name and Bank Name
Click on the “Continue”
Enter the Branch Name
Click on the “Finish”
Create
the Bank Accounts
Enter the above details
Click on the “Continue”
Click on the “Next”
Click on the “Save and Next”
Enable the Netting Account is “Yes”
Click on the “Save and Next”
Click on the “Add Organization”
Click on the “Finish”
Step 3:-Query the Netting Receipt Class and assign the Bank Account
Navigation:-Setup>Receipts>Receipt Classes
Click on the “F11”
Enter the Name
Click on the “Ctr+F11”
Click on the “Bank Accounts”
Assign the Bank Details
Step 4:-Enable the “Allow payments of
un related transactions” at system options level.
Navigation:-Setup>System>System Options
Enable the “Allow payments of UN related transactions”
Save
it.
Step 5:-Create one Supplier and Customer
Navigation:-Supplier>Entry /Customer>Standard
Create
the XXX Customer
Customer has been created.
Create
the XXX Customer
Supplier
has been created.
Step 6:-Create Netting Agreement from AP Module
Navigation:-Payments>Entry>Netting>Netting Agreement
Step 7:-Create one Invoice from AP and another Invoice from AR Module
Navigation:-Invoices>Entry>Invoices / Transactions>Transactions
Step 8:-Create Netting Batch
Navigation:-Payments>Entry>Netting>Netting Agreement
Transfer to GL:-
Step 1:-Run the Create accounting Program
Navigation:-View>Request>Submit New Request
Step 2:-Query the Transactions in GL Module
Navigation:-Journals>Entry
