1. Using Financials for the Americas
  2. Manage Receivables Activity

Manage Receivables Activity

You can define receivables activities to default the accounting information for activities such as miscellaneous cash, discounts, late charges, adjustments, and receipt write-off.

To define how receipts are generated, follow these steps:
  1. Search for Manage Receivables Activities.
  2. Search the business unit.
  3. Click Unearned Discount.
    If it does not exist: create a new one:
    1. Click New.
    2. Set Name as Unearned Discount and Active.
    3. Enter the GL Account Source, Activity GL Account, and Tax Rate Code Source.
  4. Click Earned Discount.
    If it does not exist: create a new one:
    1. Click New.
    2. Set Name as Earned Discount and Active.
    3. Enter the GL Account Source, Activity GL Account, and Tax Rate Code Source.
  5. Click Save and close.
    For more information on receivables activities, see the Oracle Financials Cloud Implementing Receivables Credit to Cash guide at http://docs.oracle.com.