You can do business with organizations that supply you with goods or services and receive goods or services from you. You can use this report to review the amount of money that they owe you and the amount of money that you owe them. You may want to withhold a payment to a company with an outstanding debt greater than the amount that you owe them.

Oracle Receivables and then Oracle Payables group the report, and the final net balance is always the Oracle Receivables balance. To calculate the net balance on Tax-ID (tax registration number), set the Netting by Tax-ID parameter to Yes. If you set this parameter to No, the Net balance is at the Supplier/Customer level.

Check that you allocate on-account or unapplied receipts to a customer bill-to site when you enter these receipts. When you run the Contra Netting report with Netting by Tax-ID set to Yes, the report does not include receipts that are not allocated to a bill-to site, and it prints a note to this effect. If you set the Netting by Tax-ID parameter to No, the report prints the details of these receipts after the Supplier/Customer net balance and the resulting balance.

Use the Run Reports window in your Oracle Receivables responsibility to submit the Contra Netting report.