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:

• Receivables system options > Billing and Revenue tab: You can set these Receivables system options as part of your remit-to address setup:

  • Print remit-to address option: Enable this option to print remit-to addresses on your customer statements.

  • Print home country option: Enable this option to print your home country on transactions and statements with addresses in that country.

  • Default Country field: Select the country to assign by default to the remit-to addresses you create.

• 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.

• 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.

Note: A remit-to address is required on all Receivables transactions. If you don't set up default remit-to addresses for customer transactions, the Remit-to Address field remains blank on the transaction. You can't update and save any fields on the transaction or complete the transaction without entering a remit-to address. You must ensure that you enter a remit-to address before updating any other fields on the transaction. In the Edit Transaction page, click the Show More link, naviagte to the Payment tab, and enter a remit-to address.

To create a remit-to address:

1. Navigate to the Create Remit-to Address page.

2. In the Remit-to Address Set field, select a reference data set.

3. 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.

4. Enter the address details and save. You return to the Manage Remit-to Addresses page.

5. In the Manage Remit-to Addresses page, search for and select the remit-to address you just created.

6. 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.

7. 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.

8. If necessary, use the State and Postal Code fields to restrict the remit-to address assignment to specific regions of the country.

9. Save your work.