What is Receipt Sources in Oracle. Receipt Source Setup

In Receipt sources we provide default values for the receipt class, payment method, and remittance bank account fields for receipts you add to a receipt batch. You can accept these default values or enter new ones. Receipt batch sources can use either automatic or manual batch numbering.

You can specify a default receipt batch source when defining the profile option AR: Receipt Batch Source. If you specify a default receipt batch source, Receivables displays this source in the Receipt Batches window when you create your receipt batches.

 

When you select a receipt batch source to enter receipts, Receivables automatically uses the Cash, Unapplied, Unidentified, On-Account, and Earned and Unearned Discount account information you assigned to the payment method for this batch source. The payment method accounts for the receipt entries and applications you make using this receipt batch source

 

Receivables provides the automatic receipt source 'Automatic Receipts.' You cannot update this predefined receipt source except for the Last Number field. All of the receipt batch sources you define are created with a Receipt Source Type of Manual.

 

 

Step1:- 
Go to Navigator è Setup and Maintenance

 

 

Step2:- Find the Manage Receipt Sources as Below.

 

Step3:- Create the new Receipt source and provide the Receipt Class , Receipt Method and Banking Information to default the information's during creating receipt.

 

 

 

What is Receipt Sources in Oracle. Receipt Source Setup