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Creation Method Manual

Automatic
Remittance Method Standard
Factoring
Standard and factoring
No Remittance
Clearance Method Directly
By Automatic Clearing
By Matching
- Remittance Method:
The remittance method determines the accounts that Receivables uses for automatic receipts
that you create using the receipt method assigned to this receipt class
Standard: Use the remittance account for automatic receipts or for standard bills receivable
assigned to a receipt method with this receipt class.
Factoring: Use the factoring account for automatic receipts or for factored bills receivable
assigned to a receipt method with this receipt class.
Standard and Factoring: Choose this method if you want Receivables to select receipts assigned
to this receipt class for remittance regardless of the batch remittance method. In this case, you
can specify either of these remittance methods when creating your remittance batches.
See: Creating Remittance Batches.
No Remittance: Choose this method if you do not require receipts assigned to this receipt class
to be remitted.
Note: If the creation method is Automatic, then you cannot select No Remittance as the
Remittance Method.
- Receipt Method:
Assigned to this receipt class to be reconciled before posting them to your cash account in
the general ledger
Directly: Choose this method if you do not expect the receipts to be remitted to the bank and
subsequently cleared. These receipts will be assumed to be cleared at the time of receipt entry
and will require no further processing. Choosing this method is the same as setting Require Bank
Clearance to No in previous releases of Receivables.
By Automatic Clearing: Choose this method to clear receipts using the Automatic Clearing
program. See: Automatic Clearing for Receipts. (Receipts using this method can also be cleared
in Oracle Cash Management.)
By Matching: Choose this method if you want to clear your receipts manually in Oracle Cash
Management.







Manual:
Creation Method = Manual
Remittance Method = No Remittance
Clearance Method = Directly
DR/ Miscellaneous Cash
CR/ Cash
Manual Remittance:
Creation Method = Manual
Remittance Method = Standard
Clearance Method = By Matching
DR/ Unapplied
CR/ Receivables
DR/ Confirmation
CR/ Unapplied
Notes Receivable:
Creation Method = Manual
Remittance Method = Standard and factoring
Clearance Method = By Automatic Clearing
DR/ Remitted Cash
CR/ Confirmed Cash
DR/ Cash
CR/ Remitted Cash

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