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.