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  • AR Setups

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    Phanendra Kumar
    67 views45 pages
    The document discusses setting up accounts receivable (AR) in Oracle Apps. It covers defining collectors and remit to addresses, validating accounting definitions, opening AR periods, transaction sources and types, auto-accounting, receivable activities, approval limits, period closing processes including running reports and completing invoices, standard reports, AR inquiries, adjustments to invoices and receipts, refunds, and linking AR to the payables module for paying refunds. The document provides guidance and steps for configuring different aspects of the Oracle AR module.

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    The document discusses setting up accounts receivable (AR) in Oracle Apps. It covers defining collectors and remit to addresses, validating accounting definitions, opening AR periods, transaction sources and types, auto-accounting, receivable activities, approval limits, period closing processes including running reports and completing invoices, standard reports, AR inquiries, adjustments to invoices and receipts, refunds, and linking AR to the payables module for paying refunds. The document provides guidance and steps for configuring different aspects of the Oracle AR module.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    67 views45 pages

    AR Setups

    Uploaded by

    Phanendra Kumar
    The document discusses setting up accounts receivable (AR) in Oracle Apps. It covers defining collectors and remit to addresses, validating accounting definitions, opening AR periods, transaction sources and types, auto-accounting, receivable activities, approval limits, period closing processes including running reports and completing invoices, standard reports, AR inquiries, adjustments to invoices and receipts, refunds, and linking AR to the payables module for paying refunds. The document provides guidance and steps for configuring different aspects of the Oracle AR module.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 45

    AR Setups

    System Option

    OracleApps88@yahoo.com

    Run Validate Application Accounting Definitions program

    OracleApps88@yahoo.com

    Define Collector

    Remit to Address

    OM Responsibility

    OracleApps88@yahoo.com

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

    Open AR Period

    OracleApps88@yahoo.com

    Transaction Source

    Transaction Type
    Credit Memo

    OracleApps88@yahoo.com

    Invoice

    Deposit

    OracleApps88@yahoo.com

    Auto Accounting

    OracleApps88@yahoo.com

    OracleApps88@yahoo.com

    Receivable Activities

    OracleApps88@yahoo.com

    OracleApps88@yahoo.com

    OracleApps88@yahoo.com

    Approval Limit
    Adjustment

    Receipt Write off

    OracleApps88@yahoo.com

    Miscellaneous Receivable Activity


    Bank Charges

    Miscellaneous Income

    OracleApps88@yahoo.com

    Adjustment

    Receipt Write-off

    Customer Creation

    OracleApps88@yahoo.com

    AR Transaction

    OracleApps88@yahoo.com

    Complete the transaction

    OracleApps88@yahoo.com

    Create Accounting

    OracleApps88@yahoo.com

    Journal Entry

    OracleApps88@yahoo.com

    Credit Memo

    OracleApps88@yahoo.com

    Create accounting transfer to GL


    In GL Journal entries

    OracleApps88@yahoo.com

    OracleApps88@yahoo.com

    Apply Receipts

    Apply

    Ok and saved

    OracleApps88@yahoo.com

    OracleApps88@yahoo.com

    Journal Entry

    OracleApps88@yahoo.com

    Miscellaneous Receipts
    Receipt Type Miscellaneous

    OracleApps88@yahoo.com

    Save the record

    Create Accounting

    OracleApps88@yahoo.com

    Journal Entry

    OracleApps88@yahoo.com

    Adjustment to Invoice
    Create Invoice for Rs.10000

    Complete

    OracleApps88@yahoo.com

    Go to Tools and select Adjust


    Adjustment amount Rs.5000

    Select Activity Name Adjustment and save the record

    OracleApps88@yahoo.com

    Invoice Balance amount reduced to Rs.5000

    OracleApps88@yahoo.com

    Adjustments to Receipt
    Receipt Amount Rs.1500

    Selected Invoice amount Rs.2100

    OracleApps88@yahoo.com

    Balance amount Rs.600 to be adjust


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

    OracleApps88@yahoo.com

    Amount has been adjusted

    Create Accounting

    OracleApps88@yahoo.com

    Period Closing Process


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

    Report output

    Query and compete the invoices

    OracleApps88@yahoo.com

    2) Run Create Accounting Program

    Transfer to GL

    OracleApps88@yahoo.com

    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

    OracleApps88@yahoo.com

    OracleApps88@yahoo.com

    AR Refunds
    Refund
    1)
    2)
    3)
    4)
    5)

    Receivable Activity
    Approval Limits
    Receipt Class, receipt method and assigned with bank account
    Payment term assigned at Payables system Setup
    Process Steps

    1) Receivable Activity

    2) Approval Limits

    OracleApps88@yahoo.com

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

    OracleApps88@yahoo.com

    4) Payment term assigned at the Payables system setup

    OracleApps88@yahoo.com

    5) Process Steps
    Create Receipts

    OracleApps88@yahoo.com

    Click on Refund Attributes

    Apply and save the record

    OracleApps88@yahoo.com

    You will find the Refund Status


    Click on the Refund Status button

    OracleApps88@yahoo.com

    You will find the invoice number details

    Go to Payables module and query the invoice

    Pay the invoice

    OracleApps88@yahoo.com

    OracleApps88@yahoo.com

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