Simple Configuration to operate receivables

You can start operating the Oracle Fusion receivable Environment with 7 configurations. Other configurations are optional.

The 7 tasks are :

1. Set Receivables System Options
2. Define Receivables Activities
3. Define AutoAccounting Rules
4. Define Receipt Classes and Methods
5. Define Remit-to Addresses
6. Define Approval Limits
7. Define Statement Cycles

Predefined Receivables Data in Subledger Accounting :

There is predefined data which can be used . Optionally we can define our own Subledger accounting rules.

One application predefined in Subledger accounting is Receivables . Most of the data predefined in Receivables for Subledger accounting is associated with Receivables application.

Following are the attribute values predefined for receivables application :

FIELD	VALUE
Application Name	Receivables
Drilldown Procedure	AR_ DRILLDOWN_ PUB_ PKG.DRILLDOWN
Use Security	Yes
Policy Function	XLA_ SECURITY_ POLICY_ PKG.MO_POLICY
Journal Source	Receivables
Third Party Control Account Type	Customer
Subject to Validation	No
Calculate Reporting Currency Amounts	Yes

The following process categories are predefined :

1. Adjustments
2. Miscellaneous Receipts
3. Standard Receipts
4. Third Party Merge
5. Transactions

Receivables predefines event classes for each event entity that belongs to the Receivables application

Receivables predefines sources, source assignments, and accounting attribute assignments for Subledger Accounting.

Receivables predefines account derivation rules. As per predefined rules, receivables accepts the default accounting that receivables generates using autoaccounting without change.

The account derivation rules that are predefined are :

• Credit Memo Distribution GL Account
• Collection Bank Charges Account
• Collection Bank Account Cash Account
• Collection Bank Factoring Charges Account
• Distribution GL Account
• Remit Bank Unapplied Account
• System Gain GL Account
• System Loss GL Account
• Transaction Distribution GL Account
• Transaction Distribution GL Account with reference