Overview of Receipt Accounting

Oracle Receipt Accounting is used to create, manage, review, and audit purchase accruals. It includes the following features:

• Create Receipt Accounting Distributions. Create accounting distributions for receipts of accrue at receipt purchase orders.

• Review Receipt Accounting Distributions. Review the accrual accounting distributions created by receipt accounting for purchase order transactions, such as receipts, returns, corrections, and matches of uninvoiced receipts to purchase orders. You can also review the accounting distributions created by receipt accounting for deliveries that are expensed rather than stored as inventory.

• Manage Accrual Clearing Rules. Define business rules for the automatic clearing of balances in the purchase order accrual accounts, set the conditions for each rule, and set the order in which rules must be applied.

• Match Receipt Accruals. Match purchase order receipt accruals with invoices from the payables application.

• Clear Receipt Accrual Balances. Automatic clearing of accrual balances based on predefined rules.

• Review Receipt Accrual Clearing Balances. Review the General Ledger accounted accrual balances on a periodic basis.

• Adjust Accrual Clearing Balances. Review uncleared accrual balances and perform adjustments. Manually adjust or clear accrual balances to inventory valuation for accounts not covered by automatic clearing rules, or reverse such clearing adjustments.

• Run reports and analytics for Receipt Accounting. The reports available include the following:

  • Accrual Clearing

  • Accrual Reconciliation

  • Uninvoiced Receipt Accrual

  • Receipt Accounting Period Close

  • Landed Costs

Note: You can run the Create Receipt Accounting Distributions, Match Receipt Accruals, and Match Receipt Accruals process jobs for either all your business units or for a selected business unit.If you want to trigger these jobs using the ERP integration service, ESS web service, or job sets then use the following job definitions:

Job Name	ESS Job Definition
Create Receipt Accounting Distributions	ReceiptAccrualProcessMasterEssJobDef
Match Receipt Accrual	MatchReceiptAccrualMasterEssJobDef
Clear Receipt Accruals	AccrualClearRulesMasterEssJobDef