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Receipts--AR

Discussion in 'Oracle Apps Technical' started by manoj.vajpee, Jan 22, 2015.

  1. manoj.vajpee

    manoj.vajpee Active Member

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    hi all,

    I would like to have few clarifications.

    Please provide a brief overview of the receipts process

    1,How do your customers generally pay invoices?
    2.Do you have installment payment terms whereby payments are received periodically?
    3.Can customer receipts be applied to invoices across divisions (across operating units?)
    4.Do you have any automatic receipt creation (especially for direct debit customers)?How are customer deposits handled (if received)?

    Any help would be much appreciated.

    Regards & thanks,
    manu
     
    ramprasad.cgs likes this.
  2. erp.narendrag

    erp.narendrag Forum Expert

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    Hi Manu,

    1. Customers generally they are paying the receipts through Cheques or NEFT or electronic payment.
    2. Yes, we have they paying some PDC's(Post dated cheques).
    3. It's not possible to applied the invoices are in diffrent operating unit.
    For Ex: if u have customer XYZ, Account A(OU1) and Account B(OU2)
    now the customer is paying the cheque for both the Accounts.
    In this case it's not possible to apply the same cheeque to both the accounts.
    Receipt form is in Operating Unit level.
    4. We are not using the Automatic Receipt creation.
    but by using the Auto Lockbox Interface Program we can create the automatic receipts.

    Regards,
    Naren