Receivables Activities (Oracle Receivables Help)


	Previous	Next		Contents	Index	Navigation	Glossary	Library

Receivables Activities

Define receivables activities to default accounting information for your miscellaneous receipt, finance charge, chargeback, and adjustment transactions. The activities you define appear as list of values choices in the Receipt and Adjustment windows. You can define as many activities as you need.

Receivables uses finance charge activity accounting information when you assess finance charges in your statements and dunning letters.

You need to query the Chargeback Adjustment, Chargeback Reversal, and Debit Memo Reversal activities that Receivables provides and specify accounts for each before creating chargebacks or reversing applications in Receivables.

Once you define an activity, you cannot change its type. You can only update an existing activity's GL account if you have not previously selected this activity for a transaction.

You can make an activity inactive by unchecking the Active check box and then saving your work.

Activity Types

An activity's type determines whether it uses a distribution set or GL account and in which window your activity will appear. You can choose from the following types:

Adjustment: Activities of this type appear in the Adjustments window. You must create at least one activity of this type.

Bank Error: Activities of this type appear in the Receipts window when you enter Miscellaneous transactions. You can use this type of activity to help reconcile bank statements when using Cashbook.

Finance Charge: You must define a finance charge activity if you include finance charges on your statements or dunning letters. You can only define one activity of this type.

Miscellaneous Cash: Activities of this type appear in the Receipts window when you enter Miscellaneous transactions. You must create at least one activity of this type.

Prerequisites

Define distribution sets

Define accounts

To define a receivables activity:

1. Navigate to the Receivables Activities window.

2. Enter a Name and Description for this activity. The activity name should not exceed 30 characters.

3. Choose the Type of activity you are defining.

4. If your activity type is Bank Error or Miscellaneous Cash, enter a valid Accounting Distribution Set (optional). You use distribution sets to automatically distribute miscellaneous cash across various accounts.

Suggestion: You should specify a distribution set for your Miscellaneous Cash activities to properly distinguish them from your invoice-related activities.

5. If your activity type is Adjustment or Finance Charge, enter the GL Account for your receivables activity. If the activity type is Bank Error or Miscellaneous Cash and you did not enter an Accounting Distribution Set, enter a GL Account.

Attention: If you use Receivables with an already installed version of Oracle General Ledger, your Accounting Flexfields are already set up. If you are using Receivables as an Oracle Financials stand-alone product, you must define the Accounting Flexfield for each receivables activity you plan to use to reflect your current accounting structure.

6. Save your work.

Receivables Activities

Activity Types

Prerequisites

To define a receivables activity:

See Also