Oracle® Fusion
Applications
Financials Implementation Guide 11g Release 1 (11.1.2) Part Number E20375-02 |
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This chapter contains the following:
Use statement cycles to determine when to send statements to your customers. You assign statement cycles to customer and site level profiles.
If you print statements for a specific customer, then:
If you defined a statement site for the customer, Oracle Fusion Receivables uses the statement cycle defined in the customer account profile as the default statement cycle to use for printing.
If you did not define a statement site, Receivables uses the statement cycle defined in the customer site profile for each applicable bill-to site included in the print run.
If you do not select a customer, then Receivables prints statements for all customers that have a statement cycle that matches the statement cycle you enter for the print run.
When you create a statement cycle, you define the interval to use for the cycle (weekly, monthly, quarterly) and the dates on which to print statements for the cycle. You can also indicate if Receivables should skip certain statement dates.
Receivables includes all activity from the last time you printed a statement for this customer to the current statement date, even if the customer statement cycle is set up to skip printing on one or more statement dates. Receivables also includes open debit items from prior periods in the statement.
Consider the following criteria:
System Date: 03-SEP-11
Statement Date: 01-SEP-11
Previous Statement Date: 01-JUN-11 (skipped)
Statement Cycle: Quarterly
The activity included in this statement spans the date the statement was last printed on 01-MAR-11 to the current statement date of 01-SEP-11. The previous statement dated 01-JUN-11 had been skipped, so the activity for that period now shows on the current statement.
This diagram illustrates the activity included in this statement:
This table illustrates the logic used to include particular invoices on the statement:
Invoice Creation Date |
Included in Statement? |
---|---|
Invoice Date: 28-FEB-11 |
No, unless it is either still open or was closed between 01-MAR-11 and 31-AUG-11. |
Invoice Date: 30-AUG-11 |
Yes, because the invoice date is between the date the statement was last printed and the statement date. |
Invoice Date: 02-SEP-11 |
No, because the invoice date is later than the statement date. |
You can designate one of the sites belonging to a customer as a statement site. If you create a statement site, Oracle Fusion Receivables generates a single, consolidated statement for all the customer bill-to sites, rather than a statement for each site. You can only define one active statement site per customer.
To create a statement site:
Assign the site the Statements business purpose.
Set the Statement, Dunning, and Late Charges Site Profiles Used profile option to Yes.
All receipts, including on-account and unapplied receipts, appear on the statement of the corresponding bill-to site. If there are any on-account or unapplied receipts without a bill-to site assignment, and if you do not have a statement site defined for the customer, then these receipts are not included on any of the bill-to site statements for the customer.
If you create a statement site for the customer, then Oracle Fusion Receivables summarizes on-account and unapplied receipts as credits and prints them on a separate page of the consolidated statement, before a summarized listing of subtotals for each of the customer bill-to sites.
Yes, you can write a message in any language that suits the needs of your enterprise. For any language, the text of a standard message cannot exceed 255 characters. Oracle Fusion Receivables does not perform any other validation on messages.
You can print standard messages on customer statements, and on late charge documents presented as debit memos or interest invoices.
For statements, active standard messages appear as list of value choices in the Create Customer Statements program. The message you select appears at the bottom of the customer statement.
For late charge documents, active standard messages appear on the choicelist of the Message Text field in the Late Charges tabbed region of the applicable customer or site profile. The message you select appears in the Notes section of the late charge document for this customer.