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R12 : Setting up for AP/AR Netting
Posted By Sanjit Anand On January 21, 2008 @ 12:00 pm In Oracle Payable,Oracle Receivable,R12,Release12 | 10 Comments

AP/AR Netting automatically compares Payables to Receivables and creates the appropriate transaction in each system to net supplier invoices and customer invoices. With this functionality, A receivables user can View netted receipt details directly from the receipt Create Netting Agreements and Netting Batches With this functionality, there is significant increase in user productivity and effectiveness because of tight integration and automation. You can access the process via: Navigation: Receipts > Netting > Netting Batch Navigation: Receipts > Netting > Netting Agreement Receipts > Receipts > Action Menu : AP/AR Netting After Querying a netted receipt, the user can see more details about the batch by selecting AP/AR Netting from the Action menu. This launches the AP/AR Netting batch window. Netted Receipts are created automatically by the AP/AR Netting process and cannot be updated by the user from the Receipts Workbench As we have seen Contra charging has been replaced by AP/AR Netting, [1] lets take a setup walk though to use this functionality. 1.Define netting control account Setup>Financials>Flex field>key>values 2.Create bank Setup>payment>Bank and Bank Branches You should note ,Payment document is not required for netting bank account. 3.Go to receivables responsibility, receipt class definition form Setup>Receipts>Receipt class Query the 'AP/AR Netting' receipt class which is a seeded one.

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OracleApps Epicenter » R12 : Setting up for AP/AR Netting » Print http://www.. there enable 'Allow payment of Unrelated Transactions'check box 6. Attach your bank account in this receipt class. Create netting agreement 2 of 6 4/6/2011 8:03 PM . 5.Go to system options. transaction and customer tabbed region.

Create Netting Batch Receipts >Netting >Netting Batch 3 of 6 4/6/2011 8:03 PM . Enter a transaction in receivables.oracleappshub.. 9. validate and run create accounting. Enter an Invoice in Payables.OracleApps Epicenter » R12 : Setting up for AP/AR Netting » Print 8.. Receipts>Netting>Netting Agreement 7.

2008 @ 3:10 am [. Is it due to any missing setup or bug.oracleappshub. step 5 in this processes is not valid. 2008 @ 3:49 am 4 of 6 4/6/2011 8:03 PM ..Go to view>request>find You can see 3 concurrent request programs Create Netting batch Settle netting batch Netting Data Extract 12. You can see the payment details and copy the document number. 2008 @ 3:08 am Hi I tried to setup and erred at the first step. you can see the final netting report.. 2008 @ 11:07 am Thanks a lot for this wonderful document!! Small suggestion.You can see the accounting entry 10 Comments To "R12 : Setting up for AP/AR Netting" #1 Pingback By Military Blog Updates » R12 : Setting up for AP/AR Netting On January 22. you can see Netting control account (defined in first step a) debited and receivable account credited. 15. 16. Query your netting batch and see the status as Complete. 10.OracleApps Epicenter » R12 : Setting up for AP/AR Netting » Print http://www. 14. 11.What you can see the payment type as Netting . Now go to payables and query your invoice number and click the tab view payments. also click on view report icon on right side...Query your copied payment document number.Click actions button and enable the check box create accounting ..Go to tools>view accounting Pls advise. 17.Now go to receipts and query the AP/AR netting receipt. #3 Comment By Navneeth On March 26.Now Go to Tools >view Accounting. I tried to enter the Bank Accounts and found none of my Bank accounts appearing in the LOV.. 13.] Read the rest of this great post here [.click on run push button. #4 Comment By sanjitanand On March 26. In the Receipt classes.] #2 Comment By Shanmuga On March 7. Please do check.

5 of 6 4/6/2011 8:03 PM . where supplier and customer as treated as customer and supplier to each other and at the end of month. It is showing cash account.oracleappshub.What could be missing? #10 Comment By Dilip On October 14. I will have to both pay and collect money from the sites… Can I utilize the AP/AR netting for this scenario? Also the preference of netting is payments. Not sure. cheers Kumar. there is seperate Post in some time.. 2008 @ 3:09 am Hi can somebody thro some light on intercompany netting? #6 Comment By Bobby On July 4. If you need any further information . just check the details Sanjit #8 Comment By Kumar On July 19. In R12. #5 Comment By Ravi On May 27... 2009 @ 6:47 am In netting receipt accounting. i am not able to see the Bank Account in the LOV. #9 Comment By sachin On April 7. under which you are dealing with. there is something called Contra Charging. do let me know. In the end of the day. #7 Comment By Sanjit Anand On July 4. now he send one receipt for both companies outstanding). the netting control account is not coming. The same functionality have been enhanced by Ap-AR netting. I have done the foll. 2008 @ 6:54 am Hi can any one help me how to apply Inter company Receipts (I hav a common customer in 2 companies. 2010 @ 7:39 pm While i create the netting agreement.OracleApps Epicenter » R12 : Setting up for AP/AR Netting » Print http://www. Also the same time the supplier sites acts as customer. what version you are using if you are in 11i. pls help me in this context. have you done the setup for Bank master and house bank account. (90% of the time I need to pay the sites after netting) Please throw some light on this scenario. Your bank setup with accounts is missing for the LE . 2008 @ 2:08 am Dear Bobby. I have a situation where I want to create a single payment to multiple sites of a supplier. how can i apply this receipt??? R12 environment. 2008 @ 1:50 am i will help you. you need to net off the amount and then raise credit memo or debit memo depends what is total net off amount. URL to article: http://www. branch and acocunt and marked it as a netting account.oracleappshub. 3) Enabled the flag in system option.. 6 of 6 4/6/2011 8:03 PM .: http://www.OracleApps Epicenter » R12 : Setting up for AP/AR Netting » Print http://www. Copyright © 2007-2010 OracleApps Epicenter.oracleappshub.oracleappshub. could you let me know what am i URLs in this post: [1] AP/AR Netting. 2) Created a doc seq. All rights reserved. Disclaimer The opinions expressed here represent solely my own represent personal conjecture based upon experience. Dilip Article printed from OracleApps Epicenter: http://www. practice and observation and does not represent the thoughts. thanks. plans or strategies of my current & previous employers and their clients. 1) Created a Dummy