WWW.ERPTREE.

COM
Application: Oracle Account Receivables
Title: Guarantee Transaction
Content
About Guarantee Transaction…………………………………………...3
Steps Required for Guarantee Transaction…………………………...…2
1. Define Guarantee Transaction Type……………………………3
2. Define Guarantee Transaction source………………………….4
3. Create Guarantee Transaction………………………………….5
4. Create Invoice Transaction with Reference of Guarantee…….10
5. Receive Money from Customer against Invoice……………...15
Test Case……………………………………………………………….17
6. Check the Guarantee Transaction Commitment Balance……..17

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About Guarantee Transaction
Guarantee is an assurance from the customer to buy goods or service from the organization

Under guarantee transaction amount will be collected from customer when we create invoice
transaction only

Step-1 Define Guarantee Transaction Type

Application: Account Receivables

Nav: Setup  Transaction  Transaction Types

1. Select operating unit

2. Select legal entity
3. Enter the guarantee transaction type name
4. Select class as guarantee
5. Select transaction status as open
6. Select invoice type
7. Select creation sign as positive sign
8. Select print option
9. Save it

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Step-2 Define Guarantee Transaction source
Application: Account Receivables

Nav: Setup  Transaction  Transaction Source

1. Select operating unit

2. Select legal entity
3. Enter the guarantee transaction source name
4. Enter the description
5. Select type as manual
6. Enable automatic transaction numbering an enter last number
7. Save it

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Step-3 Create Guarantee Transaction
Application: Account Receivables

Nav: Transaction  Transaction

1. Select guarantee transaction source

2. Select class as guarantee
3. Select guarantee transaction type
4. Select bill to and ship to
5. Click on commitment tab

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1. Enter the guarantee commitment amount
2. Enter description
3. Click on distribution

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1. Enter the receivable account
2. Enter the revenue account
3. Save it

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1. System generated guarantee transaction number
2. Click on complete

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1. Guarantee transaction completed

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Step-4 Create Invoice Transaction with Reference of Guarantee
Application: Account Receivables

Nav: Transaction  Transaction

1. Select transaction source

2. Select transaction type
3. Select type as invoice
4. Select bill to and ship to customer
5. Select guarantee transaction number at commitment
6. Click on line items

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1. Select the item
2. Enter the quantity
3. Select unit price
4. Click on distribution

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1. Enter the receivable account
2. Enter the revenue account
3. Save it and close this window

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1. System generated invoice transaction number
2. Click on complete

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1. Invoice transaction completed

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Step-5 Receive Money from Customer against Invoice
Application: Account Receivables

Nav: Receipts  Receipts

1. Select receipt method

2. Enter receipt number
3. Enter receipt amount
4. Select receipt type as standard
5. Enter transaction number
6. Click on apply

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1. Save it
2. Amount applied
3. Close this window

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Step-6 Check the Guarantee Transaction Commitment Balance
Application: Account Receivables

Nav: Transaction  Transaction

1. Query the guarantee transaction

2. Check balance due
3. Click on details

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1. Here we can see the guarantee transaction remaining commitment balance

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