15

Configuring Oracle Fusion

Receivables

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Order to Cash

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Customer Model

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Demo
•Customers
•Invoice Header
•Invoice Lines
•Invoice Distributions
•Invoice Adjustments
•Approval Limits
•Revenue Constraints
•Revenue Recognition

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Revenue Management
Cloud Service (RMCS)
ERP CLOUD

Cloud
Service Cloud Service
order, billing, General
& fulfillment Ledger
data Revenue Management
ASC 606 and IFRS 15 Compliance
Automation
The Standard’s Five Steps to Revenue
Third party and
On Premise
Sales Cycle Data EBS
General
Ledger
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Billing and Revenue Transaction and Statement Delivery Using
E-Mail Options

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Cash Processing General Information Options

For receipt processing, you can include:

• AutoCash Rule Set
• Match Receipts By
• AutoMatch Rule Set
• Days to AutoApply a Receipt
• Chargeback Due Date

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Demo

•SmartReceipts
•AutoMatch RuleSet

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Managing AutoAccounting Rules

Demo of Set-up

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Managing Remit-to Addresses

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Remit-to Addresses: Automatic Assignment

Automatically assign remit-to addresses to bill-to sites in one of these ways:

• Country only: All customer bill-to sites in the selected country are assigned the specified
remit-to address.
• Country and state/region: All customer bill-to sites in the selected state or region of the
country are assigned the specified remit-to address.
• Country and state/region, and postal codes: All customer bill-to sites in the designated
postal code or range of postal codes in the selected state or region are assigned the
specified remit-to address.

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Managing Statement Cycles

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Sending Statements

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Legal Entity Document Sequencing

Use document sequences to assign an additional unique document number to Receivables

transactions, receipts, and adjustments. You can use document sequencing at the:
• Ledger Level
• Legal Entity Level
• Business Unit Level

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Managing Receivables Document Sequencing

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Gapless Document Sequencing

Document sequencing uses the accounting date as the document sequence date. To ensure
gapless document sequencing for your transactions, you can enforce the sequencing of
document numbers in chronological order.

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Define Users for Credit Memo Workflow

The two predefined rule sets for credit memo workflow are:
• Collection agent rule set
• Non-collection agent rule set
These two predefined rule sets refer to two approval groups that are not predefined. You
must define these two approval groups:
• Collection_Manager_Approval_Group
• Billing_Manager_Approval_Group

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Manage Value Sets

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Financials Data Extract for Receivables

You can use the Financials Data Extract to:

• Extract complete or incremental financials data from the Oracle ERP Cloud.
• Seamlessly integrate with on-premise, legacy, or other cloud systems.
Business users can launch the outbound extract process using the:
• Oracle ERP Cloud Scheduled Processes page.
• Automatic ERP Integration Service.

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AutoInvoice Process

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Line Ordering Rules

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Grouping Rules
AutoInvoice Records Transaction Flexfields
Currency Bill-to Item Attr1: Order Number Attr2: Order Type

USD Acme A 5001 Domestic

USD Acme B 5002 Domestic
USD Acme C 112 No Ship
USD Acme D 601 International
USD Acme E 602 International

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Defining Transaction Sources for AutoInvoice

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Setting Up Balance Forward Billing

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Receivables Recurring Billing: Overview

Recurring Billing:
• Can automatically generate transactions at periodic intervals.
• Uses an easily configurable bill plan.

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Creating a Recurring Bill Plan: Contract Attributes

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The Rapid GL Implementation Workbook: Natural Accounts
Spreadsheet

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Uploading Customer Data

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Rapid Implementation and Receivables System Options

The tables on the next three slides indicate the settings and values created by the Rapid
Implementation spreadsheet upload.
• All options not included in these tables are not enabled.
• All fields not included in these tables contain no values.

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System Options Values Created by Rapid Implementation

System Option Value

Split Amount field 2500
Discount Basis field Invoice Amount
Days in Days Sales Outstanding Calculation field 30

Print remit-to address option Enabled

Print home country option Enabled
Tax Account field Liability - Tax Payable default account for the business
unit

Automatic journal import option Enabled

Days per Posting Cycle field 15

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System Options Values Created by Rapid Implementation

System Option Value

Tax Invoice Printing Options field Total Tax Only
Document Number Generation Level field When Completed
Grouping Rule field DEFAULT
Purge Interface Tables option Enabled
Maximum Memory in Bytes field 3145728
Log File Message Level field 0
AutoCash Rule Set field Oldest transaction first
Application Rule Set field Line and Tax Prorate

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System Options Values Created by Rapid Implementation
System Option Value
Match Receipts By field Transaction Number
Chargeback Due Date field Current Date
Realized Gains Account field Expense - Realized Gain/Loss on Foreign Currency
Conversions default account for the business unit

Realized Losses Account field Expense - Realized Gain/Loss on Foreign Currency

Conversions default account for the business unit

Cross Currency Rate Type field Corporate

Cross Currency Rounding Account field Expense - Rounding Difference and Balancing
Adjustments default account for the business unit

Invoices per Commit field 500

Receipts per Commit field 500

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Rapid Implementation: AutoAccounting

Account Type Value

Receivable Asset - Accounts Receivable

Revenue Revenue - Revenue

Tax Liability - Tax Payable

Freight Expense - Freight

AutoInvoice Clearing Revenue - AutoInvoice Clearing

Unearned Revenue Liability - Unearned Revenue

Unbilled Receivable Asset - Unbilled Receivables

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Rapid Implementation and Receivables Activities

The table on the next slide indicates the three activity types and corresponding account
values created by the Rapid Implementation spreadsheet upload.
• All accounts are for the given business unit.
• The Active option is enabled for all activity types.
• The Tax Rate Code Source and Distribution Set fields are not used.

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Rapid Implementation: Receivables Activities

Activity Type Field Value

Earned Discount
GL Account Source Activity GL Account
Activity GL Account Expense - Discounts Given
Unearned Discount
GL Account Source Activity GL Account
Activity GL Account Expense - Discounts Given
Adjustment
GL Account Source Revenue on Invoice
Activity GL Account None

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Rapid Implementation and Statement Cycles

• Three statement cycles provided: Weekly, Monthly, Quarterly.

• Statement date used:
– Weekly: Date of the previous Friday from the system date.
– Monthly: Last date of the previous month from the system date.
– Quarterly: Last date of the previous quarter from the system date.

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Rapid Implementation and the Remit-to-Address for a Business Unit

Review the Rapid Implementation setup to ensure that:

• The address used is that of the default legal entity for the applicable business unit.
• The Remit-to Address set is the Common set.
• The Receipt From Criteria section uses the default values for Country and State.

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 15
Configuring Oracle Fusion
Receivables

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Budgetary Control and Encumbrance Accounting Separation
Account Structure: Dept-Account

Annual Calendar

Budgetary Control Budgetary Control Budgetary

Transaction Control
Fund Balances Cube

Transactions Budgetary Control

GL
SLA Journal GL Journal GL Balances
Cube

Encumbrance Accounting

Monthly Account Structure:

Calendar Fund-Dept-Account-Program-
Location
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