End to End Configuration of AR in R1. End to End Configuration of AR in R1. There are few key steps that are to be configured outside of AR1. Define Ledger with LE 2. Oracle Apps Financial frequently Asked Questions by expert members with experience in Oracle Apps Financial. These interview questions and answers on Oracle Apps. Define Operating Unit and link to Ledger and LE3. Define atleast one Inventory Item Organization 4. Define Item Validation Organization in Order Management We can share this menu, if we dont implement OM5. Define Tax in EB Tax. LJmIbRGGw/SxPj6n7bDaI/AAAAAAAAAW0/DsS8p8Bcylg/s1600/img1.JPG' alt='Withholding Tax Setup In Oracle Apps' title='Withholding Tax Setup In Oracle Apps' />Define banks, branches and accounts Possible to configure through AR, if security is enabled through UMX security wizard. Define or Assign key profile option values to AR responsibilities. Define all the following setup using Receivables Manager responsibility Define System Option. Define system options to customize your Receivables environment. Windows Xp Media Center Edition 2005. During Receivables setup, you specify your accounts, customer and invoice parameters, and how the Auto Invoice and Automatic Receipts programs will run. Setup System System Option. Define system option for each Operating Unit. Define Payment Terms. Receivables lets you define standard payment terms for your customers to specify the due date and discount date for their open items. Payment terms can include a discount percent for early payment and you can assign multiple discounts to each payment term line. For example, the payment term 2 1. Net 3. 0 indicates that a customer is allowed a two percent discount if payment is received within 1. Setup Transaction Payment Term. Define Transaction Type. Use transaction types to define the accounting for the debit memos, credit memos, on account credits, chargebacks, commitments, invoices, and bills receivable you create in Receivables. Transaction types also determine whether your transaction entries update your customers balances and whether Receivables posts these transactions to your general ledger. Setup Transaction Transaction Type. Define this for each operating unit. Define transaction type for atleast Invoice, Deposit, Credit Memo and Debit Memo transaction classes. Define Transaction Source. Batch sources control the standard transaction type assigned to a transaction and determine whether Receivables automatically numbers your transactions and transaction batches. Active transaction batch sources appear as list of values choices in the Transactions, Transactions Summary, and Credit Transactions windows, and for bills receivable in the Bills Receivable and Bills Receivable Transaction Batches windows. Setup Transaction Source. Define this for each operating unit. Select Type as Imported, if invoice is to be imported into AR from third partylegacyexternal systems. Define Memo Lines. Standard memo lines are lines that you assign to a transaction when the item is not an inventory item for example, Consulting Services. You can assign memo lines to debit memos, on account credits, debit memo reversals, chargebacks, commitments, and invoices. Receivables display your standard memo lines as list of values choices during credit memo entry in the Credit Transactions window and during invoice entry in the Lines window. Kilauea Mount Etna Mount Yasur Mount Nyiragongo and Nyamuragira Piton de la Fournaise Erta Ale. Common Technology and User Experience. Common Financials Features. Configure Auditable Setup Attributes and View Audit Report. You can now configure setup attributes. Setting Up the Accounts Payable System. Understanding System Setup for Accounts Payable. Setting Up Constants for Accounts Payable. Setting Up UDCs for Accounts Payable. This is the blog dedicated to Oracle Applications users. Here I will be posting information on Oracle Application which will have technical, functional and. When you create chargebacks and debit memo reversals, you can either use the standard line that Receivables provides or enter your own. You can create an unlimited number of standard memo lines. Setup Transaction Memo Lines. Define this for each operating unit. This is particularly important, if we implement AGIS. Define Accounting Rules. Define accounting rules to create revenue recognition schedules for your invoices. What To Expect From Your Newly Broken In Horse Greg Cook Horsemanship Giving you the confidence to get the best of your horse. Latest trending topics being covered on ZDNet including Reviews, Tech Industry, Security, Hardware, Apple, and Windows. Accounting rules determine the number of periods and percentage of total revenue to record in each accounting period. You can use accounting rules with transactions that you import into Receivables using Auto Invoice and with invoices that you create manually in the Transaction windows. You can define an unlimited number of accounting rules. This is generally applicable to project based invoices, property invoices etc. Setup Transaction Accounting Rules. Define Auto Accounting. Define Auto Accounting to specify how you want Receivables to determine the default general ledger accounts for transactions that you enter manually or import using Auto Invoice. Receivables creates default accounts for revenue, receivable, freight, tax, unearned revenue, unbilled receivable, late charges, bills receivables accounts, and Auto Invoice clearing suspense accounts using this information. Setup Transaction Auto Accounting. Define this for each operating Unit. Define this atleast for revenue, receivable, freight, tax, unearned revenue, unbilled receivable, bills receivables accounts, and Auto Invoice clearing. Tax code will default from EB Tax, which can be updatedmodified here in this auto accounting window. Define Approval Limit. Use the Approval Limits window to define approval limits for Adjustments, Receipt Written off, Credit memo refund and Credit memo. Setup Transaction Approval Limit. Define this for each user. Define Receivables Activities. Define receivables activities to default accounting information for certain activities, such as miscellaneous cash, discounts, late charges, adjustments, and receipt write off applications. Setup Receipts Receivables Activities. Define this for each operating unit. This can be configured only after EB Tax configuration. Define Auto Cash Rule set Optional configuration. Define Auto Cash Rule Sets to determine the sequence of Auto Cash Rules that Post Quick Cash uses to update your customers account balances. You specify the sequence and the Auto Cash Rules for each Auto Cash Rule Set. The Auto Cash Rule Sets you define display as list of values choices in the Customers, Customer Addresses, Customer Profile Classes, and the System Options windows. Post Quick Cash first checks the customer site, then the customer profile class, and finally at the system options level to determine the Auto Cash Rule Set to use. Free Fire Alarm Training Course more. Setup Receipts Auto Cash Rule Set. Define Application Rule Set We can use seeded configuration. Use the Application Rules Sets window to review existing and define new application rule sets. Application rule sets specify the default payment steps for your receipt applications and how discounts affect the open balance for each type of associated charges. By defining your own application rule set, you can determine how Receivables reduces the balance due for a transactions line, tax, freight, and late charges. Setup Receipt Application Rule Set. Define Receipt Classes. Define receipt classes to determine the required processing steps for receipts to which you assign receipt methods with this class. These steps include confirmation, remittance, and reconciliation. You can specify any combination of these processing steps with one exception if you confirm and reconcile, then you must also remit. If you enter No for all three of these steps, Receivables automatically creates receipts assigned to this receipt class with a status of Cleared. Setup Receipt Receipt Classes. Define this for each operating unit. Only header window is not OU based but bank accounts window are OU specific. This requires some experience to use this configuration. Basic configuration is simple but it is key configuration to handle various receipts like Credit Card integration, Auto lock box, Bill of Exchange, and Factoring. This requires very good practice and knowledge on Function Capturing Process as well. Define Receipt Sources.