Receivables will generate transactions from manually and data imported using AutoInvoice from some applications like OM, Project etc., These transactions can be Invoice, Credit Memo, Debit Memo, Deposit, Guarantee and Charge back. Once the transaction is created it has to be completed and then recognize the revenue, This will be performed by scheduling Revenue Recognition program by scheduling it are running it separately. Then we can create receipts in batches are individually, these can be applied against an invoice.
- Oracle Application basic concepts. Order to Cash flow and Receivables Concepts. Oracle Application instance access.