Receivables Activities in Oracle Fusion. Step by Step to Create Receivables Activities

Receivables Activities in Oracle Fusion. Step by Step to Create Receivables Activities

 

Receivables activities is uses to default accounting information for your miscellaneous receipt, finance charge, chargeback, and adjustment transactions. These activities appear as list of values choices in the Receipt and Adjustment windows. We can define as many activities as you need.

Once Receivable activity has been created then we cannot change its type. You can only update an existing activity's GL account if you have not previously selected this activity for a transaction.

You can make an activity inactive by unchecking the Active check box and then saving your work.

Activity Types

An activity's type determines whether it uses a distribution set or GL account and in which window your activity will appear. You can choose from the following types:

Adjustment: Activities of this type appear in the Adjustments window. You must create at least one activity of this type.

Bank Error: Activities of this type appear in the Receipts window when you enter Miscellaneous transactions. You can use this type of activity to help reconcile bank statements when using Cashbook.

Finance Charge: You must define a finance charge activity if you include finance charges on your statements or dunning letters. You can only define one activity of this type.

Miscellaneous Cash: Activities of this type appear in the Receipts window when you enter Miscellaneous transactions. You must create at least one activity of this type.

 

 

Step1:-

Go to Navigator è Setup and Maintenance

 

Step2:-

Find the Manage Receivables Activities from Search option ad below.

 

Step3:-

We can also find the existing receivable Activities from the Search window as below.

To create New receivable Activities click on + icon as below.

 

 

Step4:-

Here’s below We can create Receivable activity. We can Create these below Activity Type in Oracle Fusion.

Choose the Al Account Source as ‘Activity GL Account’. Enter the GL account for the Receivable activity.