Comments on: Receivables Integration http://www.oracleappshub.com/accounts-receivable/know-the-receivables-integration/ Odyssey of an OracleApps Consultant Thu, 16 May 2013 22:05:34 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Ramg http://www.oracleappshub.com/accounts-receivable/know-the-receivables-integration/comment-page-1/#comment-1468 Ramg Mon, 14 Jul 2008 12:03:51 +0000 http://www.oracleappshub.com/accounts-receivable/know-the-receivables-integration/#comment-1468 Hi Anand THe diagramatic representation of Oracle AR integration with OPM gives a good insight into the process and thanks for the same. Howsoever much the link between Sales orders and the data import into Oracle AR using Auto invoice requires more inputs. Thanks & Regards Ramg Hi Anand

THe diagramatic representation of Oracle AR integration with OPM gives a good insight into the process and thanks for the same. Howsoever much the link between Sales orders and the data import into Oracle AR using Auto invoice requires more inputs.

Thanks & Regards
Ramg

]]> By: Sanjit Anand http://www.oracleappshub.com/accounts-receivable/know-the-receivables-integration/comment-page-1/#comment-1054 Sanjit Anand Sun, 13 Apr 2008 13:21:18 +0000 http://www.oracleappshub.com/accounts-receivable/know-the-receivables-integration/#comment-1054 If your customer is requesting a refund for goods returned, follow these procedures to clear the credit entry from Accounts Receivable and process a refund through Accounts Payable. This is a manual process between AR and AP. A. Create a credit memo in AR for the returned goods. Use the same Revenue and Receivable accounts referenced on the original invoice. Here are the entries to be made: Receivable Revenue --------------- ------------- | 100 100 | B. Create a debit memo to offset the credit memo. Use a special Debit Memo transaction type that uses a clearing account rather than Revenue. This will cause the following general ledger entries to be made: Receivable Clearing --------------- ------------- 100 | | 100 C. In Oracle Accounts Payable, process a check crediting $100 to cash and debiting the clearing account for $100 as below. This returns the cash and all other accounts to zero. Receivable Clearing --------------- ------------- | 100 100 | If your customer is requesting a refund for goods returned, follow these procedures to clear the credit entry from Accounts Receivable and process a
refund through Accounts Payable. This is a manual process between AR and AP.

A. Create a credit memo in AR for the returned goods. Use the same Revenue and Receivable accounts referenced on the original invoice. Here are the entries to be made:

Receivable Revenue
————— ————-
| 100 100 |

B. Create a debit memo to offset the credit memo. Use a special Debit Memo
transaction type that uses a clearing account rather than Revenue. This
will cause the following general ledger entries to be made:

Receivable Clearing
————— ————-
100 | | 100

C. In Oracle Accounts Payable, process a check crediting $100 to cash and
debiting the clearing account for $100 as below. This returns the cash and
all other accounts to zero.

Receivable Clearing
————— ————-
| 100 100 |

]]> By: Sanjit Anand http://www.oracleappshub.com/accounts-receivable/know-the-receivables-integration/comment-page-1/#comment-1053 Sanjit Anand Sun, 13 Apr 2008 13:10:06 +0000 http://www.oracleappshub.com/accounts-receivable/know-the-receivables-integration/#comment-1053 use AP-AR netting which is called Contra in Release 11i Offsetting is taking care by seeded funcationlity. use AP-AR netting

which is called Contra in Release 11i

Offsetting is taking care by seeded funcationlity.

]]> By: Manohar Mishra http://www.oracleappshub.com/accounts-receivable/know-the-receivables-integration/comment-page-1/#comment-1052 Manohar Mishra Sun, 13 Apr 2008 12:53:06 +0000 http://www.oracleappshub.com/accounts-receivable/know-the-receivables-integration/#comment-1052 But I too have the same question. Is this the only way to refund ? But I too have the same question. Is this the only way to refund ?

]]> By: Manohar Mishra http://www.oracleappshub.com/accounts-receivable/know-the-receivables-integration/comment-page-1/#comment-1051 Manohar Mishra Sun, 13 Apr 2008 12:52:33 +0000 http://www.oracleappshub.com/accounts-receivable/know-the-receivables-integration/#comment-1051 But I too has got the same clarification. Is this the only way to refund ? But I too has got the same clarification. Is this the only way to refund ?

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