2. what is receipt method.
- 2 Answers
- 2679 Views
- Arihant, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Receipt methods gives the details on how customer makes payment like through check or electronic, etc. For a receipt class (receipt class decides the "Routing" of the receipt. i.e manual/auto, remit/no remit, clearing/no clearing), we can define one or more receipt methods. For each receipt class and receipt method combination, we can define one more bank accounts and accounting information.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / balu
I understood that, you are referring from accrual point of view. Ignore, if my understanding is wrong.
There are two ways/options to recognize goods or services for a period.
1. At receipt
2. At period end
As per accrual concept business should recognize the goods or services when they earned. So, here at above options (Common options for payables and procurement) business decides when to account the accrual, whether at the time of receipt or at period end.
| Is This Answer Correct ? | 0 Yes | 0 No |
When does the Invoice price variance arise? What is the accounting entry?
How can we create FSG in another currency other than the currency which is associated with ledger?
can we stop the payment once the payment manager process has been run?
What is a Value set and types of value set?
What is GL Consolidation Elimination Process in Oracle Apps Functional?
Haw many flex field in GL?
For what kind of necessary information we Interact with Vendors with regard to AP
what are the depreciation methods in oracle financials- fixed assets?
Can it be set that the GL date is the Sale Order date or Ship to Date?
I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thank you in advance for your help.
What in Invoice Variance in A.P.
What are the steps in setting up Oracle GL ?
Oracle Apps Technical 
