Prerequisites for Entering Pending Items
Before you can enter receivable items, you must perform these tasks:
Define business units and business unit defaults.
Define customers and customer information.
Define Receivables processing options.
Define additional processing options, such as payment terms.
Define exception and collection codes.
Define sales persons, collectors, and credit analysts.
Define a bank account for cash forecasting.
Define bank holiday processing.
Set up currency codes and exchange rate information for multicurrency processing.
Define the users who will enter group information and item information and set up their user preferences.
You can prohibit a user who works with external groups from modifying or deleting online groups.
If you use VAT, set up your VAT environment.
(IND) If you are in India, set up your tax structure.