What is Auto Cash Rule Set in Oracle fusion

What is Auto Cash Rule Set in Oracle fusion

Auto Cash rule set is used to define the rules to apply the receipt amount with AR transactions Automatically.

Receivables provides five Auto Cash rules that we can use to create our own Auto Cash rule sets. When we run Post Quick Cash to apply customer's receipts, Receivables tries to use each Auto Cash rule within an Auto Cash rule set. If the first rule in the set does not find a match, Receivables uses the next rule in the sequence, and so on until it can apply the receipt.

 

Following are the Auto Cash rules we can use:

Match Payment with Invoice
Clear the Account
Clear Past Due Invoices
Clear Past Due Invoices Grouped by Payment Term
Apply to the Oldest Invoice First

In AutoCash Rule Sets We define the sequence of AutoCash Rules that Post QuickCash uses to update your customer's account balances. You specify the sequence and the AutoCash Rules for each AutoCash Rule Set. The AutoCash Rule Sets you define display as list of values choices in the Customer Profile Classes window

Earned Only: Your customer can take earned discounts according to the receipt terms of sale. You negotiate earned discount percentages when you define specific receipt terms. You can enter this option if Unearned Discounts is set to Yes in the System Options window. In this case, Receivables only allows earned discounts for this AutoCash Rule Set.

Earned and Unearned: Your customer can take both earned and unearned discounts. An unearned discount is one taken after the discount period passes. You cannot choose this option if the system option Unearned Discounts is set to No.

 

 Step1:- 
Go to Navigator è Setup and Maintenance

 

Step2:- Find the Manage Auto Cash Rule Sets as Below..

 

Step3:- We can find the Existing Auto Cash Rule sets and Create the New AutoCash Rule set by Clicking on the '+' icon as below.

Step4:- Creating Auto Cash Rule set as below

 

Step5:-

 

 

What is Auto Cash Rule Set in Oracle fusion