Thursday, February 3, 2011
Oracle Receivables Transaction Types R12
Below post will give details about Transaction Types in Oracle Receivables R12. We have consolidated the information provided here from various sources and our self learning .
In which order Transaction types have to be defined?
1. Credit memo
2. Invoice
3. Debit memo
4. Chargeback
5. Deposit
6. Guarantee
How to define Transaction types in Receivables?
Navigation:
Example Invoice Transaction Type Screen:
Example Credit MemoTransaction Type Screen:
Details about the columns given in the above screens:
Fields | Description |
Class | Categorize transaction types by assigning them to a class of Invoice, Credit Memo, Debit Memo, Deposit, Guarantee, or Chargeback. Transaction types are displayed in windows as lists of values |
Creation Sign | Positive, Negative, or Any Sign for initial sign of transaction. Positive required for guarantees and deposits |
Transaction Status | Assign a status of Open, Closed, Pending, or Void to this transaction Note: When creating transactions via Autoinvoice, even if you use a transaction type that is setup with Transaction Status = Closed, once the data is interfaced, it will have an OPEN status. “Autoinvoice does not provide a feature to interface CLOSED or INCOMPLETE transactions”. |
Printing Option | Specify whether to print transactions with this transaction type |
Terms | default payment terms for this transaction, this field is disabled when Class is Bills Receivable or Credit memo |
Open Receivable | Select this check box to have transactions update customer balances and aging reports. Required for deposits and guarantees. This simply indicates whether this transaction's balance impacts a Customer's Receivable balance |
Post to GL | Select this check box to post transactions with this transaction type to the Oracle General Ledger. Required for deposits and guarantees |
Allow Freight | indicates whether or not you can associate freight to this transaction type |
Default Tax Classification | defaults tax classification code for this transaction. This value is only relevant in release 11.5 or a release 12 instances that are using E-business tax setups defaulted from an upgraded release 11.5 instance |
Natural Application Only | Restrict the direction in which invoices, debit memos, deposits, guarantees, credit memos, and on-account credits can be updated by applications entered against them. Natural application does not apply to adjustments and chargebacks. If Natural Application Only is selected, clear the Allow Overapplication check box |
Allow Over application | Allow items to be overapplied. Check box defaults to cleared for guarantees and deposits. If this check box is selected, clear Natural Application Only check box. In other words, activities against this transaction can cause the sign of the balance to change Example: an original positive amount ($150), can change to negative amount (-$50) due to receipt applications |
Interaction between “Natural Application Only” and “Allow Over application” | "Natural Application Only" Checked and "Allow Overapplication" Not Checked Oracle Receivables allows any application, other than adjustments and chargebacks, that reduces the transaction amount toward or to zero without changing the sign of the transaction. "Natural Application Only" Unchecked and "Allow Overapplication" Checked or Unchecked Oracle Receivables allows any application that reduces or increases the transaction, even if the application changes the sign of the transaction. |
Receivable and Revenue accounts | for all classes of transaction types |
Freight Account | if Allow Freight is selected and the transaction type class is set to Invoice, Debit Memo, Credit Memo, or Chargeback. |
Clearing Account | if the transaction type class is set to Invoice, Debit Memo, Credit Memo, or Chargeback. The account holds differences between the revenue amount and selling price (pro-rated discounts from Oracle Order Entry). |
Unbilled Account | if the transaction type class is set to Invoice, Debit Memo, Credit Memo, or Chargeback. Used when billing in arrears |
Unearned Account | if the transaction type class is set to Invoice, Debit Memo, Credit Memo, or Chargeback. Used when billing in advance. |
Tax Account | if Tax Calculation is selected and the transaction type class is set to Invoice, Debit Memo, Credit Memo, or Chargeback |
Do you think this Article is useful?
Subscribe to:
Post Comments (Atom)
1 Responses to “Oracle Receivables Transaction Types R12”
July 5, 2021 at 9:57 PM
Thanks a lot..
Post a Comment