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Oracle Accounts Receivables 1

Oracle Accounts Receivables 1

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Published by: gangadhar1310 on Jul 27, 2010
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07/29/2013

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When the guarantee is initially entered,

the following accounting entry

is created:

Dr.Unbilled Receivables

100

Cr.Unearned Revenue

100

Customer commits to guarantee

These accounting entries are created:

Dr.Receivables (Invoice)

40

Cr.Revenue

40

Dr. Unearned Revenue

40

Cr. Unbilled Receivables

40

Net effect is:

Dr. Unbilled Receivables

60

Cr. Unearned Revenue

60

Dr. Receivables (Invoice)

40

Cr. Revenue

40

Invoice of 40 applied to guarantee

These accounting entries are created:

Dr.Cash

40

Cr.Receivables (Invoice)

40

Net effect is:

Dr. Cash

40

Cr. Revenue

40

Dr. Unbilled Receivables

60

Cr. Unearned Revenue

60

Payment of 40 received for invoice

EAS ±Oracle Apps

Processing Commitments
Processing Commitments

(N) Transaction Transactions

Enter either an Item or a Memo

Line for this commitment, or

select from the list of values.

Enter the Amount of this

commitment.

Enter a range of Effective Dates for this

commitment. If you do not assign an end

date, Receivables lets you enter invoices and

credit memos against this commitment

indefinitely until the amount due becomes

zero. If you enter an end date, Receivables

verifies that all existing invoices against this

commitment are included in this date range.

Enter a brief Description for

this commitment.

Enter the transaction header

information and the Main tab,

including the customer

information and payment terms.

Open the Commitment Tab

Select Deposit or Guarantee

as the Transaction Class

Select a transaction type.

Any transaction type of Class

Deposit or Guarantee can be

selected

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