Embed Size (px)
DESCRIPTION
AR setups screen shots
Citation preview
AR Setups
System Option
Run ‘Validate Application Accounting Definitions’ program
Define Collector
Remit to Address
OM Responsibility
If you are not done this AR Create Accounting Program will ended with an error
Open AR Period
Transaction Source
Transaction Type
Credit Memo
Approval Limit
Adjustment
Receipt Write off
Miscellaneous Receivable Activity
Bank Charges
Miscellaneous Income
Adjustment
Receipt Write-off
Customer Creation
Complete the transaction
Create accounting transfer to GL
In GL – Journal entries
Apply Receipts
Apply
Ok and saved
Miscellaneous Receipts
Receipt Type – Miscellaneous
Save the record
Create Accounting
Adjustment to Invoice
Create Invoice for Rs.10000
Complete
Go to Tools and select Adjust
Adjustment amount Rs.5000
Select Activity Name – Adjustment and save the record
Invoice Balance amount reduced to Rs.5000
Adjustments to Receipt
Receipt Amount Rs.1500
Selected Invoice amount Rs.2100
Balance amount Rs.600 to be adjust
Click on Adjustments and
Select Activity name – Adjustment
Rs.600 will be default
Amount has been adjusted
Create Accounting
Period Closing Process
1) Run ‘Incomplete Invoice Report’ to find out the incomplete invoices
Report output
Query and compete the invoices
2) Run ‘Create Accounting’ Program
Transfer to GL
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
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
3) Receipt Class, Receipt Method and assigned with Bank account
4) Payment term assigned at the Payables system setup
5) Process Steps
Create Receipts
Click on Refund Attributes
Apply and save the record
You will find the ‘Refund Status’
Click on the Refund Status button
You will find the invoice number details
Go to Payables module and query the invoice
Pay the invoice
