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