Receivable Activities in oracle receivables

 

Receivables activities in Oracle receivables is uses to default accounting information for your miscellaneous receipt, finance charge, chargeback, and adjustment transactions in your customer Invoices. These activities appear as list of values choices in the Receipt and Adjustment windows. We can define as many activities as you need. In this Post , We will Discuss the Receivable Activities in oracle receivables in Detail.

 

Receivable Activities in oracle receivables

 

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.

 

Here below I am sharing the example of Receivable Activities in Oracle Fusion.

 

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.