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Account Receiva

Account Receiva

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Published by: Haresh on May 11, 2011
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Posted Thu, 08/06/2009 - 13:14 by Anonymous

Define AutoAccounting to specify how you want Receivables to determine the ge
manually or import using AutoInvoice. Receivables creates default accounts for revenue, receivable, freight, tax, unearned re
unbilled receivable, finance charges, bills receivables accounts, and

When you enter transactions in Receivables, you can override the default general ledger accounts that AutoAccounting creates.
control the value that AutoAccounting assigns to each se
must define AutoAccounting before you can enter transactions in Receivables.
feature, you can set up AutoAccounting to derive the Product segment of your Revenue account based on inventory items. To do this,
define the Product segment of your Revenue account to use Standard Lines and specify a Warehouse ID when entering transaction

1. AutoInvoice Clearing: The clearing account for your imported transactions. Receivables uses the clearing account to hold any
difference between the specified revenue amount and the selling price times the quantity for imported invoice lines. Receivab
only uses the clearing account if you have enabled this feature for the invoice batch source of your imported transactions.

2. Receivable: The receivable account for your transaction.

3. Revenue: The revenue and finance charges account for your transaction.

4. Freight: The freight account for your transaction.

5. Tax: The tax account for your transaction.

6. Unbilled Receivable: The unbilled receivable account for your transaction. Receivables uses this account when you use the Bill In
Arrears invoicing rule. If your accounting rule recogn

7. Unearned Revenue: The unearned revenue account for your transaction. Receivables uses
Advance invoicing rule. If your accounting rule recognizes revenue after your invoicing rule bills it, Receivables uses this

8. Bills Receivable: The bills receivable account for your transaction. Receivables u
for bills receivable.

9. Factored Bills Receivable: The factored bills receivable account for your bills receivable transactions.

Define AutoAccounting to specify how you want Receivables to determine the general ledger accounts for transactions that you enter
manually or import using AutoInvoice. Receivables creates default accounts for revenue, receivable, freight, tax, unearned re
unbilled receivable, finance charges, bills receivables accounts, and AutoInvoice clearing (suspense) accounts using this information.

When you enter transactions in Receivables, you can override the default general ledger accounts that AutoAccounting creates.
control the value that AutoAccounting assigns to each segment of your Accounting Flexfield, such as Company, Division, or Account. You
must define AutoAccounting before you can enter transactions in Receivables. Suggestion: If you use the multiple organization support
erive the Product segment of your Revenue account based on inventory items. To do this,
define the Product segment of your Revenue account to use Standard Lines and specify a Warehouse ID when entering transaction

The clearing account for your imported transactions. Receivables uses the clearing account to hold any
difference between the specified revenue amount and the selling price times the quantity for imported invoice lines. Receivab
account if you have enabled this feature for the invoice batch source of your imported transactions.

The receivable account for your transaction.

The revenue and finance charges account for your transaction.

ount for your transaction.

The tax account for your transaction.

The unbilled receivable account for your transaction. Receivables uses this account when you use the Bill In
Arrears invoicing rule. If your accounting rule recognizes revenue before your invoicing rule bills it, Receivables uses this account.

The unearned revenue account for your transaction. Receivables uses this account when you use the Bill In
Advance invoicing rule. If your accounting rule recognizes revenue after your invoicing rule bills it, Receivables uses this

The bills receivable account for your transaction. Receivables uses this account when you exchange

The factored bills receivable account for your bills receivable transactions.

neral ledger accounts for transactions that you enter
manually or import using AutoInvoice. Receivables creates default accounts for revenue, receivable, freight, tax, unearned revenue,
AutoInvoice clearing (suspense) accounts using this information.

When you enter transactions in Receivables, you can override the default general ledger accounts that AutoAccounting creates. You can
gment of your Accounting Flexfield, such as Company, Division, or Account. You
If you use the multiple organization support
erive the Product segment of your Revenue account based on inventory items. To do this,
define the Product segment of your Revenue account to use Standard Lines and specify a Warehouse ID when entering transactions.

The clearing account for your imported transactions. Receivables uses the clearing account to hold any
difference between the specified revenue amount and the selling price times the quantity for imported invoice lines. Receivables
account if you have enabled this feature for the invoice batch source of your imported transactions.

The unbilled receivable account for your transaction. Receivables uses this account when you use the Bill In
izes revenue before your invoicing rule bills it, Receivables uses this account.

this account when you use the Bill In
Advance invoicing rule. If your accounting rule recognizes revenue after your invoicing rule bills it, Receivables uses this account.

ses this account when you exchange transactions

The factored bills receivable account for your bills receivable transactions.

10. Remitted Bills Receivable: The remitted bills receivable account for your bill

11. Unpaid Bills Receivable: The unpaid bills receivable account for your bills receivable transactions.

For each segment, enter either the table name or constant value that you want Receivables to use to get information. When yo
account Type, Receivables displays all of the segment names in your Accounting Flexfield Structure. Segments include such inf
Company, Product, Department, Account, and Sub
one of the following table names:

1. Bill To Site: Use the bill–to site of the transaction to determine this segment of your revenue, freight, receivable, AutoInvoice
clearing, tax, unbilled receivable, and unearned revenue account.

2. Drawee Site: Use the drawee site table to determine this segment of your bills receivable, factored bills receivable, remitted bills
receivable, and unpaid bills receivable account.

3. Remittance Banks: Use the remittance banks table to determine this segme
receivable account.

4. Salesreps: Use the salesperson’s table to determine this segment of your revenue, freight, receivable, AutoInvoice clearing, tax,
unbilled receivable, and unearned revenue account
revenue accounts, Receivables uses the revenue account associated with this salesperson. If you choose this option for your u
receivable account, Receivables uses the Standa
determine this segment of your revenue, AutoInvoice clearing, freight, tax, unbilled receivable, and unearned revenue account
you choose this option for your AutoInvoice clear
uses the revenue account associated to this standard memo line item or inventory item. If the transaction has a line type of

The remitted bills receivable account for your bills receivable transactions.

The unpaid bills receivable account for your bills receivable transactions.

For each segment, enter either the table name or constant value that you want Receivables to use to get information. When yo
account Type, Receivables displays all of the segment names in your Accounting Flexfield Structure. Segments include such inf
Company, Product, Department, Account, and Sub–Account. Receivables lets you use different table names for d

to site of the transaction to determine this segment of your revenue, freight, receivable, AutoInvoice

clearing, tax, unbilled receivable, and unearned revenue account.

Use the drawee site table to determine this segment of your bills receivable, factored bills receivable, remitted bills

receivable, and unpaid bills receivable account.

Use the remittance banks table to determine this segment of your factored bills receivable and remitted bills

Use the salesperson’s table to determine this segment of your revenue, freight, receivable, AutoInvoice clearing, tax,
unbilled receivable, and unearned revenue account. If you choose this option for your AutoInvoice clearing, tax, or unearned
revenue accounts, Receivables uses the revenue account associated with this salesperson. If you choose this option for your u
receivable account, Receivables uses the Standard Lines: Use the standard memo line or inventory item on the transaction to
determine this segment of your revenue, AutoInvoice clearing, freight, tax, unbilled receivable, and unearned revenue account
you choose this option for your AutoInvoice clearing, freight, tax, unbilled receivable or unearned revenue accounts, Receivables
uses the revenue account associated to this standard memo line item or inventory item. If the transaction has a line type of

s receivable transactions.

The unpaid bills receivable account for your bills receivable transactions.

For each segment, enter either the table name or constant value that you want Receivables to use to get information. When you enter an
account Type, Receivables displays all of the segment names in your Accounting Flexfield Structure. Segments include such information as
Account. Receivables lets you use different table names for different accounts. Choose

to site of the transaction to determine this segment of your revenue, freight, receivable, AutoInvoice

Use the drawee site table to determine this segment of your bills receivable, factored bills receivable, remitted bills

nt of your factored bills receivable and remitted bills

Use the salesperson’s table to determine this segment of your revenue, freight, receivable, AutoInvoice clearing, tax,
. If you choose this option for your AutoInvoice clearing, tax, or unearned
revenue accounts, Receivables uses the revenue account associated with this salesperson. If you choose this option for your unbilled
rd Lines: Use the standard memo line or inventory item on the transaction to
determine this segment of your revenue, AutoInvoice clearing, freight, tax, unbilled receivable, and unearned revenue account. If
ing, freight, tax, unbilled receivable or unearned revenue accounts, Receivables
uses the revenue account associated to this standard memo line item or inventory item. If the transaction has a line type of ”LINE”

with an inventory item of freight (”FRT”), AutoAccounting uses the accounting rules for the freight type account rather than the
revenue type account.

5. Taxes: Enter this option to use tax codes when determining your tax account.

6. Transaction Types: Use the transaction types table to determine this segment of your revenue, freight, receivable, AutoInvoice
clearing, tax, unbilled receivable, and unearned revenue account, and of your bills receivable, factored bills receivable, remitted bills
receivable, and unpaid bills receivable account. If the transaction has a line type of ”LINE” with an inventory item of freight (”FRT”),
AutoAccounting uses the accounting rules for the freight type account rather than the revenue type account

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