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 |
8. what is AIM document
Where is the method of Supplier Number set? At what level is the supplier numbering controlled?
What is the basic difference between ship to and bill to, can I hv one ship to but nos of bill to or vice versa or in what way these r related ?
What is a Hold and Release
When does the Invoice price variance arise? What is the accounting entry?
PLS ANY ONE EPLAINE ME I AM RECEIVING JOURNALS FROM RECEIVABLE AND PAYABLES IN GENERAL LEDGER I WANT RECEIVABLE JOUNALS APPROVAL AND PAYABLES JOURNALS I DON'T WANT APPROVAL HOW CAN SET UP THIS
What is ment by physical inventory reconciliation?
If scenario I assigned default Mo operating unit and Mo security profile is b so what can able to see in operating unit in payable?
what is recoverable cost, NBV, salvage value?
What is the meaning of Deprecation
It is mandatory to difine Approval Suppliers ?
explain your project plan with exam pal? i am preparing inter view .............