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Legal Entity Document Sequencing in Receivables

Posted on January 7th, 2016 by Sanjit Anand ||Email This Post Email This Post

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You need to consider these points when you are trying setup Legal Entity Document Sequencing in Receivables

You can set up your primary ledger to allow document sequencing at the legal entity level instead of at the ledger level.

This means if you have more than one legal entity assigned to the same ledger, you can assign separate document sequences to each of your Receivables transactions, adjustments, and receipts belonging to each legal entity.

Legal entity level document sequencing helps you conform to local and governmental authority requirements, while still being able to organize multiple legal entities under the same primary ledger.

These are key points you need to consider if you want to use document sequencing at the legal entity level for Receivables:

  • Document Sequencing in Receivables
  • Receivables Document Categories
  • Gapless Document Sequencing
  • AutoInvoice Processing

Oracle Cloud Receivables setup is very similar to Oracle R12 EBS looks for and assigns a legal entity to a transaction according to this hierarchy:

  • Legal entity of the transaction type assigned to the transaction.
  • Legal entity of the transaction source assigned to the transaction.
  • Default legal entity assigned to the business unit.

Reader question

Is it , possible to share document sequences across ledgers or business units?

If you maintain document sequencing at the legal entity level, it is not recommended to share the same document sequence across ledgers or business units.

Document sequencing at the legal entity level uses the accounting date as the document sequence date. Because ledgers can have different accounting periods open, each ledger could derive a different accounting date for the same document sequence.

Because Receivables creates a document category for each transaction type you create, it is recommended to create and maintain a separate set of transaction types in each business unit.

Hope this helps , next will discuss more in details.

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