Thursday, December 6, 2012

Oracle Receivable Applications

AR Setups


System Option







Run ‘Validate Application Accounting Definitions’ program



Define Collector



Remit to Address



OM Responsibility




If you are not done this AR Create Accounting Program will ended with an error





Open AR Period



Transaction Source




Transaction Type


Credit Memo

Invoice


Deposit


Auto Accounting







Receivable Activities




















Approval Limit


Adjustment

Receipt Write off

 







Miscellaneous Receivable Activity


Bank Charges

Miscellaneous Income




Adjustment


Receipt Write-off


Customer Creation




AR Transaction




Complete the transaction


Create Accounting



Journal Entry



Credit Memo





Create accounting transfer to GL

In GL – Journal entries











 

Apply Receipts



Apply


Ok and saved




Journal Entry




Miscellaneous Receipts


Receipt Type – Miscellaneous



Save the record


Create Accounting

Journal Entry









Adjustment to Invoice


Create Invoice for Rs.10000



Complete

Go to Tools and select Adjust
Adjustment amount Rs.5000


Select Activity Name – Adjustment and save the record


Invoice Balance amount reduced to Rs.5000




Adjustments to Receipt


Receipt Amount Rs.1500


Selected Invoice amount Rs.2100


Balance amount Rs.600 to be adjust

Click on Adjustments and
Select Activity name – Adjustment
Rs.600 will be default


Amount has been adjusted


Create Accounting



Period Closing Process


1) Run ‘Incomplete Invoice Report’ to find out the incomplete invoices


Report output


Query and compete the invoices





2) Run ‘Create Accounting’ Program



Transfer to GL








Standard Reports


1)      Transaction Register
2)      Receipt Register
3)      AR Reconciliation Report
4)      Aging 4 Buckets report
5)      Create Accounting
6)      Adjustment Register
7)      Unapplied Receipt Register
8)      Applied Receipt Register
9)      Transfer Journal Entries to GL
10)  Customer Merge

Inquiries


Account Details






AR Refunds


Refund

1)      Receivable Activity
2)      Approval Limits
3)      Receipt Class, receipt method and assigned with bank account
4)      Payment term assigned at Payables system Setup
5)      Process Steps

1)      Receivable Activity


2)      Approval Limits


3)      Receipt Class, Receipt Method and assigned with Bank account





4)      Payment term assigned at the Payables system setup










5) Process Steps

Create Receipts





Click on Refund Attributes


Apply and save the record



You will find the ‘Refund Status’

Click on the Refund Status button



You will find the invoice number details


Go to Payables module and query the invoice


Pay the invoice



 

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