Oracle Applications Receivables Navigation

Define Receivable Quick Codes                                 Setup/system/Quick codes/Receivables

Define Payment Terms                                               Setup/Transaction/Payment Terms

Define Customer / Remittance Bank              Setup/receipts/Bank

Defining Receipt Class                                               Setup/Receipts/Receipts Class

Defining Territory Key Flex field Values                   Setup/Financial/Flex field/Key/Values

Registering Territory Values                           Setup/Transaction/Territories

Defining Sales Personal                                              Setup/Transaction/Sales Persons

Defining Collectors/Collectors                                   Setup/Collectors/Collectors

Define Freight Carriers                                               Setup/System/Quick codes/Freight Carriers

Defining Demand Class                                              Setup/System/Quick codes/Demand Class

Defining Statement Cycle                              Setup/Print/Statement Cycles

Defining Dunning Letter                                            Setup/Print/class

Defining Dunning letter Set                           Setup/Print /Dunning Letter Set

Defining Auto Cash Rule Set                         Setup/Receipts/Auto cash Rules Set

Defining Tax Codes                                        Setup/Tax/Codes

Defining Remit to Address                            Setup/Print/Remit to Address

Enter a Standard Customer                            Customer/Standard

Defining Quick Customers                             Customer/Quick Customers

 

Defining Transaction Types                            Setup/Transaction/Types

1. Invoice

2. Credit Memo

3. Debit Memo

4. Charge Back

5. Guarantee

6. Deposit

7. Bill Receivables

Define Transaction Sources                            Setup/Transaction/Sources (6 Source)

Entry Standard Invoice                                              Transaction/Transaction

Entry Credit Type of Transaction                               Transaction/Credit Transaction

Entry Debit Memo                                          Transaction/Transaction (std Inv Prerequisite)

Enter charge back Type of Transaction                      Transaction/Transaction

Enter Guarantee Type of Transaction             Transaction/Transaction

Enter Deposit Type of Transaction                 Transaction/Transaction

Enter the Receipts                                           Receipts/Receipts

Customer Overview/Customer A/c                 Collections/Overview

Defining Aging Buckets                                             Setup/Collection/Aging Buckets

Enquiry on Aging Analysis                             Collections/Aging

Generate the Aging analysis Report               Report/Collection- Report – Aging 4 Bucket Report

Credit Memo   - This is Document or Information from Supplier to Customer, Reducing the Due of Customer

Invoice                        - This is nothing but standard Invoice or Standard Bill raise by supplier against Customer

Debit Memo    - This is Document or Information from Supplier to Customer to pay more Due

Guarantee        - This Oath or Written Document given by Customer to Supplier against Purchase of goods (or)                 services with the Specified range periods

Deposit                        - This is Document or Information from Customer to Supplier With having Deposit Amount

Charge Back   - A new Debit item for Customers raise by supplier to pay more due (Interest, Commission etc)

Charge back

(Pre-requites)

There should be Invoice Type, Charge back Transaction Type and Source available

Define Invoice Transaction Types (With amount let say 50000/-)

Transactions/Transaction

Define Receipt for above invoice (Prepare Receipt just for Rs. 5000/-)

 Receipt/Receipt

Note: Use Charge back option while preparing receipt, it will dynamically creates Charge back type of invoice, to review charge back invoice go to following Navigation

Transaction / Transaction

Auto Receipts in Receivables

Setup Profile options for document sequence

Nav: Other/profile

Profile:  Sequential Numbering – Partially Used

Setup Receipt Class

Nav: Setup/Receipts/Receipt Class

Name: Birla Receipt Class

Creation Method: Automatic

Remittance Method: No Remittance

Clearance Method: Directly

Payment Method: Birla Payment Method

No of Receipt Rule: One per Invoice

Receipt Maturity date rule: Earliest

Automatic Print Program: Print Receipt Program

Lead Day: 0

Bank Accounts – Setup Internal Account

Define customer or use existing customer and setup customer bank and payment method

Nav: Customer / Standard

Note: Setup customer bank and payment method at header level and customer site level

Enter and Maintain Invoice

Nav: Transaction / Transaction

Setup Header level – Payment Customer – Payment Method

Maintain Receipt Batch

Nav: Receipts/Batches

Batch Type: Automatic

Receipt Class: Birla Receipt Class

Payment Method: Birla Payment Method

Click on Create Button

We can create auto receipt based on Transaction Number or Customers Range and enable

Create, Approve, Format option in Action region, and Say OK. Which will automatically creates autoreceipt with document sequence number, to review the same go to follow navigation:-

Nav: Receipts / Receipts (Review by giving Payment Method and customer Name)

IMP NOTE: We can setup auto receipts for multiple customers, that senior use same payment method and receipt class for the both customers.