Oracle Online Training Materials - Usage Agreement

Oracle Online Training Materials – Usage Agreement
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1 Copyright © 2011, Oracle and/or its affiliates. All rights

1
reserved. Oracle Proprietary and Confidential
Purpose:
This document provides an overview of features and enhancements included in Oracle Fusion Applications 11gR1 Release 11.1.1.5.0
and applicable updates. It is intended solely to help you assess the business benefits of upgrading your existing Oracle Products to
this release, or implementing completely new Oracle developed products, and planning your I.T. Projects.
Disclaimer:
This document in any form, software or printed matter, contains proprietary information that is the exclusive property of Oracle. Your
access to and use of this confidential material is subject to the terms and conditions of your Oracle Software License and Service
Agreement or other applicable contract with Oracle, with which you agree to comply. This document and information contained
herein may not be disclosed, copied, reproduced or distributed to anyone outside Oracle without Oracle’s prior written consent. This
document is not part of your license agreement nor can it be incorporated into any contractual agreement with Oracle or its
subsidiaries or affiliates.

This document is intended to outline our general product direction. It is intended for informational purposes only and solely to assist you
in planning for the implementation and upgrade of the product features described. Release information contained in this document
is not a firm development plan. Release information published here should not be used as the basis for customer delivery
commitments, as part of marketing efforts, or during contract negotiations. This is not a commitment to deliver any material, code, or
functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features
or functionality, and inclusion or not thereof in the commercially available version of the Software, if any, is subject to change at any
time and is always at Oracle’s sole discretion. This document is not considered part of the applicable program documentation.

Due to the nature of the product architecture, it may not be possible to safely include all features described in this document without
risking significant destabilization of the code.
2 Copyright © 2011, Oracle and/or its affiliates. All rights2 reserved. Oracle Proprietary and Confidential
<Insert Picture Here>
Oracle Fusion Receivables Overview

Ver: 11.1.4.0.0
S Ramanathan
Oracle SSI
March 6, 2013
Oracle Fusion Receivables
• Fusion Receivables Overview

• Setups
• Customer, Invoice & Receipt creation
• Viewing the data in Fusion GL
• Future Trainings Planned
• Q&A
4 Copyright © 2011, Oracle and/or its affiliates. All rights reserved. Oracle Proprietary and Confidential

• Setups
• Q&A
Fusion Receivables Overview

• Setups
• Q&A
Setups
Prerequisite Setups for Oracle Fusion Receivables

1.Define Legal Entities
2.Define Chart of Accounts
3.Define Ledgers
4.Define Business Units
5.Define Transaction Taxes
6.Define Implementation Project & User Assignments
7.Complete Receivables Common Tasks:
 Manage Receivables Descriptive Flexfields, Manage Receivables Lookups, Manage
Receivables Profile Options & Define Subledger Accounting Rules
Define Implementation Project & User
Assignments
1. Define a Reference Set
2. Define a Business Unit and Associate the Reference
Set. Eg. ‘USA1 Business Unit’.
3. Assign Receivables Business Functions to the
Business Unit
Receivables Business Functions are:
 Billing and Revenue Management
 Customer Payments
4. Create Receivables Users (using OIM)
• e.g. casey.brown
Define Implementation Project & User
Assignments (cont.)
5. Manage Data Roles
• When you enable Receivables business functions for the business unit, the
Receivables business unit based data role template
BillingRevMgtandCustPayment automatically creates data roles for the six
seeded Receivables job roles:
• Billing Manager
• Billing Specialist
• Accounts Receivable Manager
• Accounts Receivable Specialist
• Revenue Manager
• Revenue Analyst
Note: 1. The job roles will be suffixed by the Business Unit name. For eg. ‘Billing
Manager USA1 Business Unit’.
2. For setup, we need to add the role ‘Financial Application Administrator’.
Simple Configuration for Oracle Fusion Receivables
1. Receivables System Options

A. Billing and Revenue Receivables System Options
Some of these options are:
• Print Remit-to Address: Option to print your remit-to address
on customer statements.
• Discount Basis: Invoice Amount / Lines Only / Lines, Freight
Items & Tax.
1. Receivables System Options (cont.)
B. System Options for Salespersons
• Require Salesperson: Enable this option to require that you
enter salespersons when entering transactions.
C. System Options for Transactions and Accounting
• Header Level Rounding: Assign a special account for rounding
differences when converting foreign currency transactions to your
ledger currency.
• Allow Change to Printed Transactions: Option to allow updates to
printed transactions. This option also determines whether you can
update a customer address when printed or posted.
• Allow Transaction Deletion: Option to allow a transaction to be
deleted from Receivables after it has been saved.
D. System Options for Cash Processing
• Allow Unearned Discounts: Enable this option to allow
unearned discounts.
• Discount on Partial Payment: Enable this option to allow
discounts to be taken for partial payments.
• Chargeback Due Date: The default due date to use when
creating a chargeback:
 Current Date: The system date.
 Deposit Date: The receipt deposit date.
 Open Invoice Due Date: The due date of the invoice or debit
memo.
 Receipt Date: The date that the receipt was entered.
1. Receivables System Options – Sample Screen Shot
2. Receivables Activities
Receivables activities provide default accounting

information for all activities other than transactions
and receipts.
Some of the activities are:

a.Adjustments
b.Earned & Unearned Discounts
c.Late Charges
2. Receivables Activities – Sample Screen Shot
3. Define AutoAccounting Rules
• AutoAccounting rules provide default accounting

information for transactions that you enter
manually or import using AutoInvoice.
3. Define AutoAccounting Rules – Sample Screen Shot
4. Define Receipt Classes & Methods
• The receipt class and related receipt methods provide

default accounting information for receipts.
4. Define Receipt Classes & Methods – Sample Screen
Shot
5. Define Remit-to Addresses
• The remit-to address is the address that customers use to send

payment for their open debit items. You must assign a remit-to
address to all transactions either entered manually or imported
using AutoInvoice.
5. Define Remit-to Addresses – Screen Shot
6. Define Approval Limits
• Define approval limits for your users for specific transactions and
amount ranges per currency. You can only assign approval limits
to valid users that are defined in your system. The combination
of user, document type, and currency identify a specific approval
limit record. Document types are:
 Adjustment
 Credit Memo Refund
 Receipt Write-off
6. Define Approval Limits – Sample Screen Shot
7. Define Statement Cycle
• Define statement cycles to determine when to send statements

to your customers. Statements communicate activity to your
customers about invoices, credit memos, debit memos,
payments, on-account credits, chargebacks, and adjustments.
7. Define Statement Cycle – Sample Screen Shot

• Setups
• Q&A
Managing Customers
Profile Class
Profile Class – Sample Screen Shot
Customer Creation Form
Customer ‘ABC Corporation’
Transaction
Transaction - Sample
Receipt
Receipt - Sample
Accounting in Fusion AR
• In a new instance, before running the ‘Create

Accounting’ (from any subledger) for the first time, the
below program needs to be run:
‘Activate Subledger Journal Entry Rule Set
Assignments’ with the following parameters:
Accounting Method:
Subledger Application:
Incomplete Status Only:
Accounting & Posting in Fusion AR
Method – 1:
Create a transaction & complete. Then click on
‘Actions’ button on the top and click on ‘Account and
Post to Ledger’. See screen shot in the next page.
Method – 1: Sample Screen Shot
Sample ‘Accounted’ Transaction
Accounting & Posting in Fusion AR
Method – 2:
Run the ‘Create Accounting’ process from the
‘Scheduled Processes’ UI with necessary parameters.
See screen shot in the next page.
Method – 2: Sample Screen Shot
View Accounting
To ‘View Accounting’ of a accounted transaction, click

on ‘Actions’ and choose ‘View Accounting’. See
screen shot in the next page.
Sample Accounting

• Setups
• Q&A
Viewing the posted data in ‘Fusion GL’
Navigation: General Accounting / Journals.
Provide the necessary search criteria.
Journal search results:
Journal details:

• Setups
• Q&A
Future Trainings Planned
1. New features in Fusion AR

2. Fusion Cash Management
Fusion Receivables Overview
Q&A

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1 Copyright © 2011, Oracle and/or its affiliates. All rights

Oracle Fusion Receivables Overview

• Fusion Receivables Overview

• Fusion Receivables Overview

• Fusion Receivables Overview

Prerequisite Setups for Oracle Fusion Receivables

1. Receivables System Options

Receivables activities provide default accounting

Some of the activities are:

• AutoAccounting rules provide default accounting

• The receipt class and related receipt methods provide

• The remit-to address is the address that customers use to send

• Define statement cycles to determine when to send statements

• Fusion Receivables Overview

• In a new instance, before running the ‘Create

To ‘View Accounting’ of a accounted transaction, click

• Fusion Receivables Overview

• Fusion Receivables Overview

1. New features in Fusion AR

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