How You Create a Remit-to Address
Create remit-to addresses to specify on transactions and statements where your customers are to send payment for their open receivables.
Considerations for remit-to addresses include:
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Receivables system options > Billing and Revenue tab: You can set these Receivables system options as part of your remit-to address setup:
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Print remit-to address option: Enable this option to print remit-to addresses on your customer statements.
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Print home country option: Enable this option to print your home country on transactions and statements with addresses in that country.
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Default Country field: Select the country to assign by default to the remit-to addresses you create.
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Reference data set: Remit-to addresses belong to a reference data set. You can assign remit-to addresses to the Common set or to business unit-specific sets.
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Receipt from Criteria section: Use this section to assign remit-to addresses by default to the transactions and statements of specific customer bill-to sites.
To create a remit-to address:
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Navigate to the Create Remit-to Address page.
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In the Remit-to Address Set field, select a reference data set.
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The Country field displays the default country defined in Receivables system options. If necessary, select another country for the remit-to address.
If you select another country, this may update the required and optional address fields. You may also need to select the reference data set again.
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Enter the address details and save. You return to the Manage Remit-to Addresses page.
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In the Manage Remit-to Addresses page, search for and select the remit-to address you just created.
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In the Receipt from Criteria section, click the Create (+) icon to open the Create Receipt from Criteria window for the remit-to address.
Use this window to assign the remit-to address to customer bill-to sites.
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In the Country field, select the country you want. By default, the remit-to address is assigned to all customer bill-to sites defined in this country.
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If necessary, use the State and Postal Code fields to restrict the remit-to address assignment to specific regions of the country.
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Save your work.