AR-Transaction Types-List
Below post will give details about Transaction Types in Oracle Receivables R12. We have consolidated
the information provided here from various sources and our self-learning.
In which order Transaction types have to be defined?
1.
Credit memo
2.
Invoice
3.
Debit memo
4.
Chargeback
5.
Deposit
6.
Guarantee
How to define Transaction types in Receivables?
Navigation:
Example Invoice Transaction Type Screen:
Example Credit Memo Transaction Type Screen:
Details about the columns given in the above screens:
Fields
Class
Creation
Sign
Description
Categorize transaction types by assigning them to a class of Invoice, Credit Memo,
Debit Memo, Deposit, Guarantee, or Chargeback. Transaction types are displayed
in windows as lists of values
Positive, Negative, or Any Sign for initial sign of transaction. Positive required for
guarantees and deposits
Assign a status of Open, Closed, Pending, or Void to this transaction Note: When
creating transactions via Autoinvoice, even if you use a transaction type that is
setup with Transaction Status = Closed, once the data is interfaced, it will have an
OPEN status.
Transaction
Status
Printing Option
Terms
Open Receivable
Post to GL
Allow Freight
Default Tax
Classification
Natural
Application Only
Allow Over
Application
Interaction
between
“Natural
Application
Only” and “Allow
Over application”
Receivable and
Revenue
Accounts
Freight Account
Clearing Account
Unbilled Account
Unearned
Account
Tax Account
“Autoinvoice does not provide a feature to interface CLOSED or INCOMPLETE
transactions”.
Specify whether to print transactions with this transaction type
Default payment terms for this transaction, this field is disabled when Class is Bills
Receivable or Credit memo
Select this check box to have transactions update customer balances and aging
reports. Required for deposits and guarantees. This simply indicates whether this
transaction's balance impacts a Customer's Receivable balance
Select this check box to post transactions with this transaction type to the Oracle
General Ledger. Required for deposits and guarantees
Indicates whether or not you can associate freight to this transaction type
Defaults tax classification code for this transaction. This value is only relevant in
release 11.5 or a release 12 instances that are using E-business tax setups
defaulted from an upgraded release 11.5 instance
Restrict the direction in which invoices, debit memos, deposits, guarantees, credit
memos, and on-account credits can be updated by applications entered against
them. Natural application does not apply to adjustments and chargebacks. If Natural
Application Only is selected, clear the Allow Overapplication check box
Allow items to be overapplied. Check box defaults to cleared for guarantees and
deposits. If this check box is selected, clear Natural Application Only check box.
In other words, activities against this transaction can cause the sign of the balance
to change Example: an original positive amount ($150), can change to negative
amount (-$50) due to receipt applications
"Natural Application Only" Checked and "Allow Overapplication" Not Checked
Oracle Receivables allows any application, other than adjustments and
chargebacks, that reduces the transaction amount toward or to zero without
changing the sign of the transaction. "Natural Application Only" Unchecked and
"Allow Overapplication" Checked or Unchecked
Oracle Receivables allows any application that reduces or increases the
transaction, even if the application changes the sign of the transaction.
For all classes of transaction types
If Allow Freight is selected and the transaction type class is set to Invoice, Debit
Memo, Credit Memo, or Chargeback.
If the transaction type class is set to Invoice, Debit Memo, Credit Memo, or
Chargeback. The account holds differences between the revenue amount and
selling price (pro-rated discounts from Oracle Order Entry).
If the transaction type class is set to Invoice, Debit Memo, Credit Memo, or
Chargeback. Used when billing in arrears
If the transaction type class is set to Invoice, Debit Memo, Credit Memo, or
Chargeback. Used when billing in advance.
If Tax Calculation is selected and the transaction type class is set to Invoice, Debit
Memo, Credit Memo, or Chargeback
Reference: http://www.shareoracleapps.com/2011/02/oracle-receivables-transaction-types.html