AP/AR NETTING SET UP

PRE-REQUISITE:-

1. CREATE SAME SUPPLIER & CUSTOMER.

2. DEFINE NETTING CONTROL ACCOUNT.

3. CREATE AP/AR NETTING BANK.

4. RECEIPT CLASS AP/AR NETTING.

5. ATTACH YOUR BANK ACCOUNT IN THIS RECEIPT CLASS.

6. CHECK THE ALLOW PAYMENT OF UNRELATED TRANSACTION IN RECEIVABLES

7. PROFILE OPTION CHECK.

8. DOCUMENT SEQUENCEING FOR AP & AR.

Step:- 1

GL code creation for AP/AR Netting Bank

Resp. General Ledger Super UserSet up FinancialsFlexfields Key Value

Save and Compile

Step :- 2

Bank create for AP/AR Netting

Resp. India Local Payables Oracle Payables Set up Payment Bank and Branches

Branch Create
Account Create

Select Netting Account as Yes

Step:- 3

Receipt Class Create

Select the AP/AR Netting Name whether it is (1) if available, else Use the Unique One.

Resp. India Local Receivables Set up Receipts Receipt Classes

Click on Bank Accounts

Step:- 4

AP/AR Netting Bank attach with Receipt class

Save

Step:- 5
CHECK THE ALLOW PAYMENT OF UNRELATED TRANSACTION IN
RECEIVABLES

Responsibility: Receivables Manager

Navigation: Setup > System > System Options

Click Save it
6. PROFILE OPTION CHECK.

GO TO RESP.SYSTEM ADMINISTRATORPROFILESYSTEM.

THEN CLICK FIND BUTTON.

Step:- 7

Document Categories must be check

Resp. India Local Oder Management Oracle Oder Management Set up Documents
Categories

Query the Code :- NETTING (This is hardcoded)

Step:- 8

Document No. define and Assign

Resp. India Local Oder Management Oracle Oder Management Set up Documents Define
Resp. India Local Oder Management Oracle Oder Management Set up Documents
Assign