Oracle Applications

Oracle Applications:Importance of Receivables Activities.

Posted by Jiltin     Tags: 22 June, 2009    112 views    (0) Comment

Receivables Activities are set up in Oracle Receivables for several uses: - Miscellaneous Cash (non-Accounts Receivable receipts) - Adjustments (write-offs for transactions) - Finance Charges. They allow you to pre-define the default values for activities you will typically perform. You can control procedurally whether or not the default GL Accounts should be overridden and, if so, how? (for example, override to use the appropriate department). Note that when you create adjustments, they Read Full Article (Click here)...

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Oracle Applications: Significance of Profile Options

Posted by Jiltin     Tags: 21 June, 2009    160 views    (0) Comment

Profile Options are additional rules that are critical for how the system works. They are updated by the System Administrator and are usually set at the site level System Options for Oracle Receivables usually start with “AR:” or “Tax:” But, you need to watch out for “OE: Inventory Validation Organization” which you must define whether or not you are using Oracle Order Entry or Oracle Inventory. Select the applicable value. For the Accounts Receivable Read Full Article (Click here)...

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Oracle Applications: What are System Options and Importance?

Posted by Jiltin     Tags: 21 June, 2009    100 views    (0) Comment

For Oracle Receivables, you have two places for entering high level rules for how the system is to process your data: the System Options screen (in Oracle Receivables) and the Profile Options (updated by the System Administrator). Both are critical to how the system works. System Options encompass various areas: - Accounting Options - Tax Options - Invoices and Customers Options - Miscellaneous Options Use Accounting to: - Assign this instance to the proper set of books. This is key if you Read Full Article (Click here)...

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Oracle Applications: What is AutoAccounting?

Posted by Jiltin     Tags: 21 June, 2009    110 views    (0) Comment

AutoAccounting is the process that Oracle Receivables uses to assign default values for the key General Ledger accounts for Accounts Receivable activity. The accounts that use AutoAccounting include: - Accounts Receivable - Revenue - Tax - Freight - Unearned Revenue (for deferred revenue recognition) - Unbilled Receivables (for deferred receivables recognition) - AutoInvoice Clearing (used for items created through AutoInvoice where the quantity * the unit price does not equal the Extended Read Full Article (Click here)...

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Oracle Applications: what is a transaction? What are Transaction Types?

Posted by Jiltin     Tags: 21 June, 2009    121 views    (0) Comment

First, what is a transaction? Oracle uses transaction as a catch-all term for invoices, credit memos, debit memos and commitments (activities you perform with the customer). Receipts may even be considered a transaction in some instances but I will exclude them from this discussion. A Transaction Type is a name you give to a transaction. It: - Provides the rule for how activities are processed, for instance, will there be tax and/or freight? - Determines if this activity will be posted to the Read Full Article (Click here)...

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