what is the receipt class and receipt source in AR?
Answers were Sorted based on User's Feedback
Answer / rajasekhar
Receipt Class:receipt classes to specify whether receipts
are created manually or automatically. For manual receipts,
you can specify whether to automatically remit it to the
bank and/or clear your accounts. For automatic receipts,
you can specify a remittance and clearance method, and
whether receipts using this class require confirmation
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / ks
Receipt Class: You can assign a receipt class to a receipt
source. Receivables derives the default receipt class from
the Receipt Source for this batch. When you define a
receipt class in the Receipt Classes window, you specify
whether to create remittances for receipts with this class
and whether you want to track when they clear after running
the Automatic Clearing program. Receivables only lets you
select receipt classes that you defined with a Creation
Method of 'Manual'.
By SURESH.K
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / suresh
receipt class:- it will determine receipt creation method remittance method clearance method receipt method and bank account for receipts
receipt source:-it will determine receipt class receipt method bank account for receipts and numbering for batch receipts
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / guest
In Receipt class we define type of Receipt, creation
method, if it require remittance, clearnce type, payment
method.
Receipt sources we souce how the receipt number should be
generated and if receipt numbers should inherit transaction
numbers, and if Debti memos should also inherit transaction
numbers.
| Is This Answer Correct ? | 4 Yes | 14 No |
Define the Multi Org ? What is difference between 11i and 12i Multi Org Structure ?
What is Aging Periods?
How the system will know which entry come from which operating unit. Example A,B and C is a operating unit and bymistake we posted one entry in Operating Organisation A which belongs to actually Operating Org. B. How the system will understand that this entry Posted in Operating Unit A.
What are the Accounting Entries in P2P.in Oracle Financial terminology ?
In Accounts Payable credit memo and debit memo are entered with -ve amount but in Accounts Receivable why credit memo has -ve amonut and debit memo + ve?
wat is auto accounting
How to cancel an invoice in payment batch
On account credit memo in AR needs to refunded, How ? and what are the steps required?
what is the difference between conversion,customization,inbound and outbound programs ?
Hi all, I'm confused when it comes the financial handling of transactions. What is the difference between an accounting entry and a journal entry in oracle eBS.
on what basis u have prepared the AIM documents (explain in the detailed manner)
How can i increase the number of invoices at the time of payment. Actualty in my setup it will not take more than 300 invoices. plz suggest.