Different kinds of AR Receipts and Accounting impact

[@aapsebaat5627]

Your material is such a saviour....and comes handy on those smallest of things which others dont care about. Excellent.

[@OracleEbizandFusionVideos]

Thanks for your feedback

[@aapsebaat5627]

@@OracleEbizandFusionVideos sir can you guide me if I have to reduce the amount of a CM which is accounted upto GL. What is the best way? Pls

[@OracleEbizandFusionVideos]

Create a DM to offset the CM amount

[@abhisekhnayak5780]

No words. The way u explains each topics. Hats off to u big brother

[@OracleEbizandFusionVideos]

Thanks for your feedback

[@Shailendra6962]

Thanks for your fantastic explanation along with the accounting entries.

[@OracleEbizandFusionVideos]

Thanks for your feedback

[@goutamkumar8779]

Thank you very much. You explained so nicely its clear my doubt on receipt and accounting.

[@OracleEbizandFusionVideos]

Thanks for your feedback

[@shaileshverma4354]

Thanks for uploading such useful videos..

[@OracleEbizandFusionVideos]

Thanks for your feedback

[@aparnajaiswal2066]

Your videos are very much useful to clear the concepts thank you so much for the detailed explanations in video. Can you please create video on lockbox functionality in AR

[@OracleEbizandFusionVideos]

Thanks for your feedback... I will add this to my long list of topics to be covered

[@MohitKumarTomar]

Very Good videos made for AR

[@OracleEbizandFusionVideos]

Thanks for your feedback

[@mallikarjunarao3963]

I have gone through to your EBS all Finance modules videos, really those are lot of help to Functional Consultant who are working in real time. I could not see your Oracle Fusion videos which against finance. Request you to upload the Fusion related video.

[@OracleEbizandFusionVideos]

Hi, Thanks for your feedback... There are around 20+ Videos on fusion and they are increasing.... All videos where you can see thumbnail in red, they are fusion videos and the videos in blue thumbnail are ebs videos....

[@sreenug811]

Your explanation is very good and we are understanding very easily.If possible please explain about positive pay file

[@OracleEbizandFusionVideos]

Sure

[@AbdulMannan-rj7lo]

@@OracleEbizandFusionVideos Wonderful explanation, If possible please post iReceivables Setup and it's usage video

[@oraclefinance4315]

Great Explanation on Miscellaneous Receipts, I have searched in your KZbin channel for Automatic Receipts in AR but I didn't get can you please upload a video on that if you think it is useful for your viewers as well ?

[@OracleEbizandFusionVideos]

Sure...Will upload soon

[@sanjaypriyadarshi]

Superb explanation

[@OracleEbizandFusionVideos]

Thank you 🙂

[@azadsable2527]

In case of any foreign exchange charges which account will get hit? The Foreign Exchange Charges account from Bank Account Level?

[@AbdulMannan-rj7lo]

Wonderful explaination, please if possible upload iReceivables Setup and it's functions usage video, Once again Thank you.

[@OracleEbizandFusionVideos]

Sure...

[@trktrendings7343]

Thank u very much..request u to do more videos

[@OracleEbizandFusionVideos]

Sure. Please stay tuned to my channel

[@ancersyed8476]

Hi ... Can you help me in understanding that is there any way we can apply tax on deposit invoice transactio type and apply deposit on actual invoices with tax matching .. Or is there any other way for the below case that when we receive advance payments from customer we have to give him a invoice with tax and same should be applied when delivering the material with reducing the advance amounts and tax matching..... Can u pls help in this...

[@OracleEbizandFusionVideos]

As far as i am aware, its not possible to apply tax on Deposit transactions

[@ancersyed8476]

@@OracleEbizandFusionVideos thnq for the reply...but we have a requirement like this that what ever advances collected from the customer we need to give customer invoices with tax and same when we deliver material this advances should be applied...is there any possibility to achieve this ....by any other source

[@OracleEbizandFusionVideos]

Workaround:- Add Manual line in the AR invoice and use Tax account for that line

[@ancersyed8476]

@@OracleEbizandFusionVideos thnq will try the same to match ...

[@souravmukherjee2497]

Thank you a lot for such videos! I got one question - what is the difference between "On-Account" and "Unidentified"? And where to use "On-Account"? Thanks again!

[@OracleEbizandFusionVideos]

In the case of Unidentified receipt, you have cash received, but do not have the details of customer from whom you received the cash... Ex:- Customer did a bank account transfer without any invoice or his reference, or customer did cash deposited directly in your client bank account without proper reference... Client will investigate further to identify who made the required deposit.. Until then, Receipt would be in unindentified status.. In the case of On Account, we received cash from customer, but customer did not mention anything about exact invoice reference.. So, until exact invoice is identified, the receipt would be in On account status Hope this clarifies your question.

[@souravmukherjee2497]

@@OracleEbizandFusionVideos Yes this calrifies..Thanks a lot.

[@souravmukherjee2497]

@@OracleEbizandFusionVideos But then it seemed similar to Unapplied receipt to me.

[@OracleEbizandFusionVideos]

Yes, unapplied and On account kind of are similar

[@sareddyramamohanreddy6165]

Thanks for uploading this video. I request to you to upload a video for Journal Line Type conditions in SLA Customisation.

[@OracleEbizandFusionVideos]

There are couple of videos on my youtube channel regarding SLA customizations. You can refer them

[@sareddyramamohanreddy6165]

@@OracleEbizandFusionVideos I have seen all SLA. I want clarity for Journal Line Type conditions. How system pickup line, on which conditions. Thanks for replying.

[@geethin.r3390]

@@OracleEbizandFusionVideos 0

[@ramreddyi9710]

Thank you so much brother

[@OracleEbizandFusionVideos]

Thanks

[@Ramakrishna-cv2ee]

Thank you very much..

[@OracleEbizandFusionVideos]

Thanks

[@Raj-xw1lv]

Helo sir please let me know according to your understanding that if received 5 items and payment done via receipt.. But a month later one item got returned from customer Now what process will we include in this scenario?

[@OracleEbizandFusionVideos]

Do you mean to say that initially we sold 5 items to the customer and customer received 5 items and made payment for 5 items...but later on returned one item and expecting refund for that one item?

[@OracleEbizandFusionVideos]

If this is your requirement, then i can think of below:- 1. Create a OM RMA Order and complete receiving of the item in PO 2. The above event will generate a Credit Memo and pushed to AR 3. Unapply the original receipt.... 4. Apply the CM generated at step 2 to original AR Invoice 5. Now apply the receipt to Outstanding balance of AR Invoice 6. Create a Customer Refund for the remaining amount of AR Receipt

[@Raj-xw1lv]

@@OracleEbizandFusionVideos -Thanks for the prompt reply But sir in my scenario accounting has been processed for both events?

[@OracleEbizandFusionVideos]

Even after accounting is done, you can still unapply a receipt and system will take care of creating appropriate adjustment/reversal entries

[@Raj-xw1lv]

@@OracleEbizandFusionVideos thanku so much sir for always being with me in my oracle problems..

[@mohanch8547]

Hi Sir, Can we create more than one Remit to Address?

[@OracleEbizandFusionVideos]

Yes, you can... You can have more than one remit to address

[@mohanch8547]

@@OracleEbizandFusionVideos Thanks for the reply

[@OracleEbizandFusionVideos]

Please see below my video on AR Remit to address:- kzbin.info/www/bejne/jJDHqKKLbM-YkLc

[@shenelifernando6199]

Hi Can you give us one instance where on account functionality could be used?

[@OracleEbizandFusionVideos]

In our previous client, I have seen real life scenarios where customer transferred the money directly to our client bank account without giving any invoice number reference...until somebody from collections team contacted the customer to find exact invoice reference of the bank account credit, these receipts were kept on on account

[@shenelifernando6199]

@@OracleEbizandFusionVideos But we can keep this in the unapplied stage as well yeah?

[@OracleEbizandFusionVideos]

Yes, pretty much unapplied receipt and on account receipt can be applied to invoices at later stage.... But there is some slight difference.... One of the difference which i found is:- When you do the Receipt write off, the unapplied receipts would appear in the list to be written off but if you put them to on-account, these will not appear. So, in that sense, you can avoid getting these receipts written off, that's why we can use the On-Account application

[@shenelifernando6199]

@@OracleEbizandFusionVideos What do you mean by unapplied receipts would appear in the list to be written off? Don't we write off the receipt through the "Receipt" window?

[@OracleEbizandFusionVideos]

Sorry, i mean to say that via Receipt Write off window we can write off unapplied amount and On account receipts are not written off and not considered by Receipt Write off window

[@bibhuduttapradhan9700]

So Nicely explained. I have been going through all your videos..These are really helpful and well explained. Could you please upload videos on Cash Management module.

[@OracleEbizandFusionVideos]

Sure and thanks for your feedback

[@OracleEbizandFusionVideos]

As requested, please see below video on Cash Management:- kzbin.info/www/bejne/ooCWnWqQiayWrck