How to Create Receivables Activity in Oracle Receivables - R12

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How to Create Receivables Activity in Oracle Receivables - R12

 Receivables Activities:

Define receivables activities to default accounting information for certain activities, such as miscellaneous cash, discounts, late charges, adjustments, and receipt write-off applications

Activities that you define appear as list of values choices in various  Receivables windows. You can define as many activities as you need.

Navigate to the Receivables Activities window.

Receivables > Setup > Receipts >Receivables Activity

Enter a Name for this activity. The activity name should not exceed 30 characters.

Enter the description of this activity

Select the Activity Type

Check on Active 

Select GL Account Source 

Select Tax Recoverable or not default is recoverable but if you select non- Recoverable you can't change it later.

Enter the GL Account activity

Save your work!!

Types of Receivables Activity:-

An activity's type determines whether it uses a distribution set or GL account and in which window your activity appears in the list of values. You can choose from the following types:

Adjustment: You use activities of this type in the Adjustments window. You must create at least one activity of this type.

Bank Error: You use activities of this type in the Receipts window when entering miscellaneous receipts. You can use this type of activity to help reconcile bank statements using Oracle Cash Management. 

Claim Investigation: . The receivable activity that you use determines the accounting for these claim investigation applications.

For use only with Oracle Trade Management.

Credit Card Chargeback: Use activities of this type in the Receipts Applications window when recording credit card chargebacks. 

Credit Card Refund: You use activities of this type in the Receipts Applications window when processing refunds to customer credit card accounts. 

Earned Discount: You use activities of this type in the Adjustments and the Remittance Banks windows.

Endorsements: The endorsement account is an offsetting account that records the endorsement of a bill receivable.

Late Charges: You use activities of this type in the System Options window when you define a late charge policy. You must define a late charge activity if you record late charges as adjustments against overdue transactions. If you assess penalties in addition to late charges, then define a separate activity for penalties.

Miscellaneous Cash: You use activities of this type in the Receipts window when entering miscellaneous receipts. You must create at least one activity of this type.

Payment Netting: You use activities of this type in the Applications window and in the QuickCash Multiple Application window when applying a receipt against other open receipts.

You can define multiple receivables activities of this type, but only one Payment Netting activity can be active at any given time.

Prepayments: Receivables uses activities of this type in the Applications window when creating prepayment receipts. 

Receipt Write-off: You use activities of this type in the Receipts Applications and the Create Receipt Write-off windows. The receivable activity that you use determines which GL account is credited when you write off an unapplied amount or an underpayment on a receipt.

Refund: Use activities of this type in the Applications window to process automated non-credit card refunds. This activity includes information about the General Ledger clearing account used to clear refunds. Create at least one activity of this type. Only one activity can be active at a time.

Short Term Debt: You use activities of this type in the GL Account tabbed region of the Remittance Banks window. The short-term debt account records advances made to creditors by the bank when bills receivable are factored with recourse. Receivables assigns short-term debt receivables activities to bills receivable remittance receipt methods.

Unearned Discount: You use activities of this type in the Adjustments and the Remittance Banks windows. Use this type of activity to adjust a transaction if payment is received after the discount period (determined by the transaction's payment terms).

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