AR Contactor Journals Process Cycle

 Receipt Advance From Client

100000 Dr. Bank
100000 Cr. Advance From Client
 Work Done
1000000 Dr. Due From Client
1000000 Cr. Total Work Done
 Retention
50000 Dr. Retention
50000 Cr. Due From Client
 Apply Advance
100000 Dr. Advance From
Client

 Receipt Due Amount From Client 100000 Cr. Due From Client

850000 Dr. Bank

850000 Cr. Due From Client
 Release Retention
50000 Dr. Due From Clint
50000 Cr. Retention
 Receipt Release Retention
50000 Dr. Bank
50000 Cr. Due From Clint
 Receipt Advance From Client

Select Receipt
Type to effect as
Advance in Report
Total Work one As Invoice (IPC)
Select project and
Contactor Number
Invoice Line = Total Work Done
 Invoice(IPC) Distributions

Revenue Unbilled
Account
 Retention Amount

Select Retentions and Type Must Be Line

and Amount Must be Negative
 Invoice
(IPC)
Amount
Effected
by
Retention
 Inquire about Advance Receipt

Writ any
Part of
Receipt
Number

Select
Project
and
Contract
Number
 *# Apply Partial amount from
Advance to Invoice (IPC ) #*

On-Account Line Revisal GL Date Must be =

Apply Invoice (IPC ) GL Date
 Or *# Apply Full Amount From Advance
Amount (Recoupment) #*

On-Account Line Revisal GL Date Must be =

Apply Invoice (IPC ) GL Date
Invoice (IPC) Effect By Retention and Recap
amount from Advance ,
Ramming is Due Amount
 Total Work Done

Apply From Advance

Retention

Net Due From Client

 Receipt Amount Due

Select Receipt
Type to effect as
Receipt in Report
Click Search And Click Search And
apply from the apply to Specified
balance (IPC )
If Click Search And Apply
 If Click Apply

Select (IPC) Need

to Apply
 Balance Due
now zero after
recipe Due
Amount
 Balance Due for (IPC ) now
zero after recipe Due Amount
*# Release Retention Per Each IPC #*
IPC Again Due BY Release
Retention Amount
 Or *# Release Retention LUM Sum Amount For All IPC
with out Select Special IPC Number #*

Select Debit Memo Class

Type Release Retention
Release Retention Line
Retention Should be Without
Project (0000)
 Receipt Against Release Retention

Select Receipt Type to

effect as Retainage
Release in Report
Select Release Retention
Debit Memo
Ahmed Ali
Senior Oracle Financial Consultant
BT-Business Solution