AR Setups

AR Setups

System Option

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Run ‘Validate Application Accounting Definitions’ program

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Define Collector

Remit to Address

OM Responsibility

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If you are not done this AR Create Accounting Program will ended with an error

Open AR Period

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Transaction Source

Transaction Type

Credit Memo

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Invoice

Deposit

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Auto Accounting

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Receivable Activities

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Approval Limit

Adjustment

Receipt Write off

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Miscellaneous Receivable Activity

Bank Charges

Miscellaneous Income

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Adjustment

Receipt Write-off

Customer Creation

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AR Transaction

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Complete the transaction

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Create Accounting

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Journal Entry

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Credit Memo

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Create accounting transfer to GL

In GL – Journal entries

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Apply Receipts

Apply

Ok and saved

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Journal Entry

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Miscellaneous Receipts

Receipt Type – Miscellaneous

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Save the record

Create Accounting

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Journal Entry

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Adjustment to Invoice

Create Invoice for Rs.10000

Complete

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Go to Tools and select Adjust

Adjustment amount Rs.5000

Select Activity Name – Adjustment and save the record

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Invoice Balance amount reduced to Rs.5000

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Adjustments to Receipt

Receipt Amount Rs.1500

Selected Invoice amount Rs.2100

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Balance amount Rs.600 to be adjust

Click on Adjustments and

Select Activity name – Adjustment

Rs.600 will be default

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Amount has been adjusted

Create Accounting

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Period Closing Process

1) Run ‘Incomplete Invoice Report’ to find out the incomplete invoices

Report output

Query and compete the invoices

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2) Run ‘Create Accounting’ Program

Transfer to GL

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Standard Reports

1) Transaction Register

2) Receipt Register

3) AR Reconciliation Report

4) Aging 4 Buckets report

5) Create Accounting

6) Adjustment Register

7) Unapplied Receipt Register

8) Applied Receipt Register

9) Transfer Journal Entries to GL

10) Customer Merge

Inquiries

Account Details

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AR Refunds

Refund

1) Receivable Activity

2) Approval Limits

3) Receipt Class, receipt method and assigned with bank account

4) Payment term assigned at Payables system Setup

5) Process Steps

1) Receivable Activity

2) Approval Limits

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3) Receipt Class, Receipt Method and assigned with Bank account

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4) Payment term assigned at the Payables system setup

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5) Process Steps

Create Receipts

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Click on Refund Attributes

Apply and save the record

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You will find the ‘Refund Status’

Click on the Refund Status button

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You will find the invoice number details

Go to Payables module and query the invoice

Pay the invoice

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