Miscellaneous System Options
Use the Miscellaneous alternative region to specify your split amount and the number of days to use for your DSO Calculation in the Collection Effectiveness Indicators Report. You can also choose whether you require a billing location, salespersons, and remit to addresses with your receipts, specify a chargeback due date, define your Automatic Receipts submission parameters and choose a default Application Rule Set.
To define your miscellaneous Receivables system options:
1. Open the Miscellaneous alternative region, then enter the Split Amount that Receivables will use when you generate the Collection Effectiveness Indicators Report. Receivables prints this amount as a selection option for this report.
Use the split amount to determine the number of invoices over and under this amount, as well as the total amounts remaining. For example, your company generates invoices that are either $300 or $500. You choose $400 as your split amount so that you can review how much of your open receivables are comprised of your $300 business and how much corresponds to your $500 business.
2. Enter the Number of Days to use when calculating your conventional Day Sales Outstanding for the Collection Effectiveness Indicators Report.
Conventional DSO = (total outstanding receivables / total sales for last DSO days) * (DSO days)
3. To require that a business purpose be associated with a cash receipt, check the Require Billing Location for Receipts check box. If this option is Yes, the Post QuickCash program will create unidentified payments for receipts that do not have billing locations.
If you check this check box, be sure that you also check the Require Billing Location check box when defining your Lockboxes; otherwise, Receivables displays an error when you submit AutoLockbox.
Suggestion: If you have customers without statement sites, we recommend that you check this check box. If you do not check this check box and you have receipts for customers who do not have statement sites and who do not have a billing location associated with the receipt, the unapplied amount of the receipt will not appear on any of the statements for this customer.
4. To require that salespersons be entered when entering your transactions, check the Require Salesreps check box.
5. To print your remit-to addresses on your customers' statements, check the Print Remit to Address check box. You use remit-to addresses to inform your customers of where they should send their payments. See: Remit-To Addresses.
Note: The system profile option AR: Dunning Letter Remit-To Address Label Size lets you specify the length and width of your remit to address on your dunning letters. See: Overview of Receivables Profile Options.
6. To print your home country on your invoices and statements that refer to addresses in that country, check the Print Home Country check box.
7. Enter the number of invoices you want the Automatic Receipt program to process before saving in the Invoices per Commit field.
8. Enter the number of receipts you want the Automatic Receipt program to process before saving in the Receipts per Commit field.
Suggestion: Set the Receipts per Commit option to a large number to avoid intermediate saves in the program. You should use numbers that are large enough to handle your largest automatic receipt batches. To help determine the numbers to use, look at the end of the log file for your largest Automatic Receipt Creation Batch; this gives you the number of receipts marked for this batch. Enter this number in the Receipts per Commit field. You should only reduce the number if you run out of rollback segments.
9. Enter your default Chargeback Due Date. Receivables uses this date when you create a chargeback. Choose from the following:
Open Invoice Due Date: Use the due date of the invoice or debit memo as the default.
Receipt Date: Use the receipt date as the default. This is the date that you entered the receipt.
Current Date: Use today's date as the default.
Deposit Date: Use the receipt deposit date as the default.
10. Enter a Default Country. Receivables uses this information to specify the home country for tax calculation, flexible bank structures, flexible address formats, and taxpayer id and tax registration number validation. It also provides a default value of the Country field when you enter addresses (you can override this value by setting the user profile option 'Default Country.' See: Profile Options in Oracle Application Object Library).
11. Enter the Source of Territory you want Receivables to default into the Salespersons, Transactions, and Customers windows. Choose from the following sources:
Bill-To Site: Use your customer's Bill-To Address as the default.
Salesrep: Use the territory assigned to your customer's primary salesperson as the default.
Ship-To Site: Use your customer's Ship-To Address as the default.
None: Do not enter a default territory.
12. Enter an Application Rule Set or select one from the list of values. Your Application Rule Set determines the default payment steps when you use the Applications window or Post QuickCash to apply receipts. Receivables uses this rule set if none is assigned to the debit item's transaction type. See: Receivables Application Rule Sets.
See Also
Territories
Accounting System Options
Tax System Options
Transactions and Customers System Options
Entering Transactions
Automatic Receipts
Printing Statements
