Standard Memo Lines in Oracle Receivables. How to Define Standard Memo Lines

Standard Memo Lines in Oracle Receivables. How to Define Standard Memo Lines

We define standard Memo lines for AR Invoices , Debit Memos , Charge Backs. Oracle Receivables Display these Standard Memo Lines as a List of Value in AR Invoices , At Debit Memos Lines.When you create chargebacks and debit memo reversals, you can either use the standard line that Receivables provides or enter your own. You can create an unlimited number of standard memo lines.

If Auto Accounting depends on standard line items, Receivables uses the revenue account that you enter here along with your Auto Accounting setup to determine the default revenue, freight, AutoInvoice Clearing, Tax, Unbilled Receivable, Unearned Revenue, and Receivable accounts for invoices with this line item.

Receivables lets you enter tax code, unit list price, and unit of measure information for each standard memo line. You can also specify a standard invoicing and accounting rule for each standard memo line.

 

 

Step1:- 
Go to Navigator è Setup and Maintenance

 

 

 

 

Step2:- Find the Manage Receivables Document Sequences as Below

 

 

Step3:-

Enter the Name and a Description of this memo line. Receivables prints this description on your debit memo, on-account credit, debit memo reversal, chargeback or invoice.

 

Choose a line type of Line, Freight, Tax, or Charges.

Enter the Unit List Price for this memo line (optional). Receivables displays this price on the debit memos, on-account credits, chargebacks, and invoices you create using this standard line.

 

If the type of this memo line is 'Line,' enter a Unit of Measure. Receivables defaults the unit of measure to this value when you choose this standard line item during invoice or memo entry.

 

Enter the Revenue Account for this memo line (optional). When you create a debit memo or on-account credit, this revenue account will be the default for each standard memo line that you select. When you create debit memo reversals or chargebacks, Receivables uses the Revenue Flexfield from the original receivable item as the credit account. 

 

Enter the Invoicing Rule to use with this standard line (optional). Receivables does not currently use this information when you select a standard line (in the Lines window during invoice entry) to which you have assigned a standard invoicing rule. Oracle Order Entry assigns standard invoicing rules to standard lines for orders that you import through AutoInvoice.

 

Standard Memo Lines in Oracle Receivables. How to Define Standard Memo Lines