Types of receipts in oracle receivables

Types of receipts in oracle receivables

Types of receipts in oracle receivables

In this post , We will discuss Types of receipts in oracle receivables.Any kind of revenue which we recorded in the oracle applications as a receipt in the Oracle receivables. The Payment from Customer (AR Receipt) is a document of base type AR Receipt. We can create two type of receipts in oracle apps. In this post we will discuss What is miscellaneous receipt in oracle apps r12. So as I said we can enter two type of receipts in the oracle receivable's system. Here below I will describe in detail about Types of receipts in oracle receivables

Types of receipts in oracle receivables

1.Standard Receipt

2.Miscellaneous Receipt

 

 

Standard Receipt:-

Standard Receipt Means , That amount which we are receiving from the customer against the Customer Invoice which we have sent to the customer for using our services or goods. Standard receipt we do apply against the standard Receivable Invoice and the Debit memo's generated for the customer by that way we adjusted the open invoices of the customer against his sent receipt.

You can enter receipts and apply them to transactions in either Open or Future accounting periods. You can also create chargebacks or adjustments against these transactions.

 

 

Miscellaneous Receipt:-

 Miscellaneous Receipt ,means , That amount which we are not receiving from our customers against the Customer Invoices and our sold goods and services. Miscellaneous Receipt amount related to some other revenue which we are getting from other investments of the firm and or may be its coming from bank interest so in this case we don't do the adjustment of these receipts against the standard invoice and debit memo's because these are not received against it.

 

In Miscellaneous Receipt , we don't enter customer names because these are coming from our customer directl