Receivables Statement Cycles in Oracle Fusion : How to send AR Statement to Customers Automatically

Receivables Statement Cycles in Oracle Fusion : How to send AR Statement to Customers Automatically

Statement cycles Helps to determine when to send statements to your customers. You enter statement cycles when you define or modify individual customer and site profile classes in the Customer Profile Classes window.

If you have defined customer site as a statement site, Receivables generates a single, consolidated statement for all of this customer's transactions. This statement is sent to this statement site. If you have not defined a statement site for a customer, Receivables creates statements for each customer site to which you have assigned a Bill-To business purpose and whose credit profile has the Send Statements parameter set to Yes.

You can disable a statement cycle by unchecking the Active check box, and then saving your work.

Each customer's consolidated statement shows subtotals for each of the customer's bill-to sites. If you did not define a statement site, Receivables will print a separate statement for each bill-to site that shows all the transactions relating to that site, subtotaled by currency.

 

Step1:-

Go to Navigator è Setup and Maintenance

 

Step2:-

Find the Manage Statement Cycles from Search option ad below.

 

Step3:- Click on the + icon to create New Statement Cycles. We have option to Define the Statement Cycles Interval Options line ' Monthly , Quarterly , Half Yearly , Yearly).

 

Under Cycles Date define the dates in which you want to send the AR statement to the Customers. You should define one date for each month for Monthly Interval Statement Cycles.

 

 

 

Receivables Statement Cycles in Oracle Fusion : How to send AR Statement to Customers Automatically