3/4/2021 Accounting entries in R12 Account Receivables ~ Oracle Apps Knowledge Sharing

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Accounting entries in R12 Account Receivables
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sactions window, Receivables creates the following journal entry:
DEBIT Receivables
CREDIT Revenue
CREDIT Tax (if you charge tax)
CREDIT Freight (if you charge freight)

If you enter an invoice with a Bill in Arrears invoicing rule with a three month fixed duration accounting rule, Receivables 25
creates the following journal entries:
In the first period of the rule: Male
DEBIT Unbilled Receivables
CREDIT Revenue

In the second period of the rule: No

DEBIT Unbilled Receivables
CREDIT Revenue

In the third and final period of the rule:

DEBIT Unbilled Receivables Rs. 740
CREDIT Revenue

DEBIT Receivables
CREDIT Unbilled Receivables
CREDIT Tax (if you charge tax)
CREDIT Freight (if you charge freight)

If you enter an invoice with a Bill in Advance invoicing rule, Receivables creates the following journal entries:

In the first period of the rule: Followers

DEBIT Receivables
CREDIT Unearned Revenue Followers (172) Next
CREDIT Tax (if you charge tax)
CREDIT Freight (if you charge freight)

DEBIT Unearned Revenue

CREDIT Revenue

In all periods of the rule for the portion that is recognized.

DEBIT Unearned Revenue Follow
CREDIT Revenue
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Modules
Credit Memos:
When you credit an invoice, debit memo, or chargeback through the Credit Transactions window, Receivables creates the Accounting (6) AP (55) API's (183) AR (56)
following journal entry: Cash Management (22) DBA (22) DBMS_DDL (1)
DEBIT Revenue DBMS_SCHEDULER (8) DBMS_UTILITY (4)
DEBIT Tax (if you credit tax) DBMS_XSLPROCESSOR (2) DIRECT PUNCHOUT (1) E-
DEBIT Freight (if you credit freight) Commerce Gateway (1) EDI (1) ETEXT Templates (5)
CREDIT Receivables (Credit Memo) Fixed Assets (3) FND (75) Forms Personalization (4)
Human Resources (HR) (10) Interview Questions
DEBIT Receivables (Credit Memo) (17) Inventory (27) iSourcing (1) iSuppliers (1) JAVA (1)
CREDIT Receivables (Invoice) Jdeveloper Issues (1) Oracle (71) Oracle Alerts (3)

Oracle Application Framework(OAF) (2) Oracle

When you credit a commitment, Receivables creates the following journal entries:
DEBIT Revenue apps (392) Oracle
Oracle E-Business Tax (2)

CREDIT Receivables General Ledger (23) Oracle iProcurement (7) Oracle

Payments (16) Oracle Process Manufacturing (1) Oracle
When you enter a credit memo against an installment, Receivables lets you choose between the following methods: LIFO, Purchasing (24) Order Management (44)
FIFO, and Prorate. When you enter a credit memo against an invoice with invoicing and accounting rules, Receivables lets PDOI Sample Scripts (2) PLSQL (43) PLSQL Tuning
you choose between the following methods: LIFO, Prorate, and Unit. Examples (4) REUSABLE CODE (22) Scripts
(81) SED (1) Shell Scripts (6) SOA (12) SQL (34)
If the profile option AR: Use Invoice Accounting for Credit Memos is set to Yes, Receivables credits the accounts of the SQL TUTORIAL (17) Sub Ledger Accounting (7)
original transaction. If this profile option is set to No, Receivables uses AutoAccounting to determine the Freight, Supplier API's (9) TCA (38) Useful Queries (71)
UTL_FILE (1) UTL_MATCH (1) Workflow (8) XML Publisher
Receivables, Revenue, and Tax accounts. Receivables uses the account information for on-account credits that you
specified in your AutoAccounting structure to create your journal entries. (9)

Receivables lets you update accounting information for your credit memo after it has posted to your general ledger.
Receivables keeps the original accounting information as an audit trail while it creates an offsetting entry and the new
entry.

Commitments:
When you enter a deposit, Receivables creates the following journal entry:
DEBIT Receivables (Deposit)
CREDIT Offset Account

Use the AR: Deposit Offset Account Source profile option to determine how Receivables derives the Offset Account to
credit for this deposit.

When you enter an invoice against this deposit, Receivables creates the following journal entries:
DEBIT Receivables (Invoice)
CREDIT Revenue
CREDIT Tax (if you charge tax)
CREDIT Freight (if you charge freight)

DEBIT Offset Account (such as Unearned Revenue)

CREDIT Receivables (Invoice)

When you apply an invoice to a deposit, Receivables creates a receivable adjustment against the invoice. Receivables uses
the account information that you specified in your AutoAccounting structure to create these entries.

When cash is received against this deposit, Receivables creates the following journal entry:
DEBIT Cash
CREDIT Receivables (Deposit)

When you enter a guarantee, Receivables creates the following journal entry:
DEBIT Receivables
CREDIT Revenue

Receivables uses the Receivable Account and Revenue Account fields on this guarantee's transaction type to obtain the
accounting flexfields for the Unbilled Receivables and Unearned Revenue accounts, respectively.

When you enter an invoice against this guarantee, Receivables creates the following journal entry:
DEBIT Receivables (Invoice)
CREDIT Revenue
CREDIT Tax (if you charge tax)
CREDIT Freight (if you charge freight)

DEBIT Revenue
CREDIT Receivables

When you apply an invoice to a guarantee, Receivables creates a receivable adjustment against the guarantee. Receivables
uses the account information you specified in your AutoAccounting structure to create these entries.

When cash is received against this guarantee, Receivables creates the following journal entry:
DEBIT Cash
CREDIT Receivables (Invoice)

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Receipts:
When you enter a receipt, Receivables creates the following journal entries:
DEBIT Cash
CREDIT Receivables

When you fully apply a receipt to an invoice, Receivables creates the following journal entry:
DEBIT Cash
DEBIT Unapplied Cash
CREDIT Unapplied Cash
CREDIT Receivables

Note: These examples assume that the receipt has a Remittance Method of No Remittance and a Clearance Method of
Directly.

When you enter an unidentified receipt, Receivables creates the following journal entry:
DEBIT Cash
CREDIT Unidentified

When you enter an on-account receipt, Receivables creates the following journal entry:
DEBIT Cash
CREDIT Unapplied

DEBIT Unapplied
CREDIT On-Account

When your receipt includes a discount, Receivables creates the following journal entry:
DEBIT Receivables
CREDIT Revenue

DEBIT Cash
CREDIT Receivables

DEBIT Earned/Unearned Discount

CREDIT Receivables
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Receivables uses the default Cash, Unapplied, Unidentified, On-Account, Unearned, and Earned accounts that you
specified in the Remittance Banks window for this receipt class. FND_REQUEST.SUBMIT_REQUEST in R12

When you enter a receipt and combine it with an on-account credit (which increases the balance of the receipt), WSH_DELIVERY_DETAILS.RELEASED_STATUS
Receivables creates the following journal entry: ( Pick Release Status)
DEBIT Cash
CREDIT Unapplied Cash Query to fetch Legal Entity, Business group details
in Oracle Apps R12 -
To close the receivable on the credit memo and increase the unapplied cash balance, Receivables creates the following per_business_groups,xle_firstparty_information_v
journal entry:
DEBIT Receivables Query to fetch Purchase Receipt and its related
CREDIT Unapplied Cash Purchase order, Vendor details in Oracle Apps
R12 (RCV_TRANSACTIONS,
When you enter a receipt and combine it with a negative adjustment, Receivables creates the following journal entries: RCV_SHIPMENT_HEADERS,
DEBIT Cash RCV_SHIPMENT_LINES)
CREDIT Receivables (Invoice)
API to find AP INVOICE Status
DEBIT Write-Off (AP_INVOICES_PKG.GET_APPROVAL_STATUS
CREDIT Receivables (Invoice) )

You set up a Write-Off account when defining your Receivables Activity. Query fetching the customer information based on
order number ( R12 - Order to Cash Cycle )
When you enter a receipt and combine it with a positive adjustment, Receivables creates the following journal entries:
DEBIT Cash How to get Oracle Application User Password
CREDIT Receivables (Invoice) from database -
oracle.apps.fnd.security.WebSessionManagerProc
DEBIT Receivables (Invoice) .decrypt
CREDIT Write-Off
OE_ORDER_HEADERS_ALL Description and Its
When you enter a receipt and combine it with a Chargeback, Receivables creates the following journal entries: Column Details
DEBIT Cash
CREDIT Receivables (Invoice) Query To Fetch Customer Account/Site Contact
Details in R12
DEBIT Receivables (Chargeback)
CREDIT Chargeback (Activity) API to add responsibility to a user
(FND_USER_PKG.ADDRESP)
DEBIT Chargeback (Activity)
CREDIT Receivables (Invoice)

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You set up a Chargeback account when defining your Receivables Activity.

Remittances:
When you create a receipt that requires remittance to your bank, Receivables debits the Confirmation account instead of
Cash. An example of a receipt requiring remittance would be a check before it was cashed. Receivables creates the
following journal entry when you enter such a receipt:
DEBIT Confirmation
CREDIT Receivables

You can then remit the receipt to your remittance bank using one of the two remittance methods: Standard or Factoring. If
you remit your receipt using the standard method of remittance, Receivables creates the following journal entry:
DEBIT Remittance
CREDIT Confirmation

When you clear the receipt, Receivables creates the following journal entry:
DEBIT Cash
DEBIT Bank Charges
CREDIT Remittance

If you remit your receipt using the factoring remittance method, Receivables creates the following journal entry:
DEBIT Factor
CREDIT Confirmation

When you clear the receipt, Receivables creates a short-term liability for receipts that mature at a future date. The
factoring process let you receive cash before the maturity date, and assumes that you are liable for the receipt amount
until the customer pays the balance on the maturity date. When you receive payment, Receivables creates the following
journal entry:
DEBIT Cash
DEBIT Bank Charges
CREDIT Short-Term Debt

On the maturity date, Receivables reverses the short term liability and creates the following journal entry:
DEBIT Short-Term Debt
CREDIT Factor

Adjustments:
When you enter a negative adjustment against an invoice, Receivables creates the following journal entry:
DEBIT Write-Off
CREDIT Receivables (Invoice)

When you enter a positive adjustment against an invoice, Receivables creates the following journal entry:
DEBIT Receivables (Invoice)
CREDIT Write-Off

Debit Memos:
When you enter a debit memo in the Transactions window, Receivables creates the following journal entries:
DEBIT Receivables
CREDIT Revenue (if you enter line amounts)
CREDIT Tax (if you charge tax)
CREDIT Freight (if you charge freight)

DEBIT Receivables
CREDIT Finance Charges

On-Account Credits:
When you enter an on-account credit in the Applications window, Receivables creates the following journal entry:
DEBIT Revenue (if you credit line amounts)
DEBIT Tax (if you credit tax)
DEBIT Freight (if you credit freight)
CREDIT Receivables (On-account Credit)

Receivable uses the Freight, Receivable, Revenue, and Tax accounts that you specified in your AutoAccounting structure to
create these entries.

Once the on-account credit is applied to an invoice, the following journal entry is created:
DEBIT Receivables (On-account Credit)
CREDIT Receivables (Invoice)

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2 Responses to “Accounting entries in R12 Account Receivables”

Muzammil said...
March 8, 2014 at 3:02 AM

Good attemped

Amol said...
September 29, 2016 at 4:50 AM

Helpful for interviews....

Thanks a Lot!!

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