Receipt Status in Receivables

A receipt can have one of the following status:

Approved: This receipt has been approved for automatic receipt creation. This status is
only valid for automatic receipts.

Confirmed: The customer has approved the application of this receipt and their account
balances have been updated within Receivables. This status is only valid for automatic
receipts.

Remitted: This receipt has been remitted. This status is valid for both automatic and
manually entered receipts.

Cleared: The payment of this receipt was transferred to your bank account and the
bank statement has been reconciled within Receivables. This status is valid for both
automatic and manually entered receipts.

Reversed: This receipt has been reversed. You can reverse a receipt when your
customer stops payment on a receipt, if a receipt comes from an account with non-
sufficient funds or if you want to re-enter and reapply it in Receivables. You can reverse
cash receipts and miscellaneous transactions

You can check receipt status by following navigation given in screenshot:

Generally there is always confusion between Cleared and confirmed status, it depends on
Payment method used during receipt creation:

Directly: Choose this method if you do not expect the receipts to be remitted to the
bank and subsequently cleared. These receipts will be assumed to be cleared at the
time of receipt entry and will require no further processing. Choosing this method is the
same as setting Require Bank Clearance to No in previous releases of Receivables.

By Automatic Clearing: Choose this method to clear receipts using the Automatic
Clearing program.

By Matching: Choose this method if you want to clear your receipts manually in Oracle
Cash Management, so first the status of receipt would be confirmed and once
reconciled in case management or receivables will chang to cleared.