Define Transaction Type


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Define Transaction Type

You must define a Transaction Type for your Interest Invoices. If you do not create a Transaction Type called Interest Invoice, you cannot create Interest Invoices in Oracle Receivables.

Navigate to the Define Transaction Types window and enter the following information:

In this field
Enter this value
Name
Interest Invoice
Description
Interest Invoice
Class
Invoice
Open Receivable
Yes
Post To GL
Yes
Terms
You must enter the payment terms you want to use. This field is mandatory for Interest Invoice.
Printing Option
Print
Status
Open
Allow Freight
No
Tax Calculation
No
Creation Sign
Positive
Natural Overapplication Only
No
Allow Overapplication
Yes
Receivables Account
Define the receivables account you want to use for this transaction type
Revenue Account
Define the revenue account you want to use for this transaction type
Credit Memo Type
Credit Memo

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In this field	Enter this value
Name	Interest Invoice
Description	Interest Invoice
Class	Invoice
Open Receivable	Yes
Post To GL	Yes
Terms	You must enter the payment terms you want to use. This field is mandatory for Interest Invoice.
Printing Option	Print
Status	Open
Allow Freight	No
Tax Calculation	No
Creation Sign	Positive
Natural Overapplication Only	No
Allow Overapplication	Yes
Receivables Account	Define the receivables account you want to use for this transaction type
Revenue Account	Define the revenue account you want to use for this transaction type
Credit Memo Type	Credit Memo