The accounts receivables oracle notes part 1

AR Notes

1. Copyright © 2007, Oracle. All rights reserved.
Overview of Oracle
Receivables Process

2. Copyright © 2007, Oracle. All rights reserved.
Objectives
After completing this module you should be able to do
the following:
•Explain where the Receivables process is
positioned within the Order to Cash Life Cycle
•Describe the overall Receivables process
•Discuss the key areas in the Receivables process

3. Copyright © 2007, Oracle. All rights reserved.
Order to Cash Lifecycle
Ordering/Pricing
Scheduling
AutoInvoice
to
Receivables
Shipping
Invoicing/Revenue Mgmt.
Collection
and
Receipts
Cash
Management

Transfer
Accounting
to General
Ledger via
SLA
Accounting
Ordering
Collecting

4. Copyright © 2007, Oracle. All rights reserved.
Overview of Receivables in the
Order to Cash Process
Transfer to
General Ledger
via SLA
Cash
Management
Receipt
Receivables
Imported through
AutoInvoice
Manual CreationTransactions

5. Copyright © 2007, Oracle. All rights reserved.
Overview of the Receivables Process
Transactions Review and
Correct Data
Print and Send
Invoices
Collect PaymentsEnter Receipts
Transfer to
General Ledger
via SLA*

6. Copyright © 2007, Oracle. All rights reserved.
Overview of Receivables Integration
Approvals Management
Bill Presentment Architecture
Cash Management
Advanced Collections
Service Contracts
Credit Management
Subledger Accounting
General Ledger
Payables
E-Business Tax
Payments
iReceivables
Incentive Compensation
Lease Management
Loans
Order Management
Projects
Property Manager
Trade Management
Workflow
Oracle Receivables integrates with the following
Oracle products:

7. Copyright © 2007, Oracle. All rights reserved.
Receivables Integration Process
Inventory
GL via SLA
Cash Management
Order and Credit
Management
Item
Information
Receivables
Receipts
Orders &
Shipment
Accounting
Legacy
Projects, Leasing, Loans
Contracts
Orders
E-Business Tax
Payments/
Refunds
Payments and Payables
Advanced
Collections
Collections
Tax

8. Copyright © 2007, Oracle. All rights reserved.
Overview of the Transaction Process
Enter receipt
Standard Transaction
Copy
Invalid
transaction
Complete, print and send to customer Void
Interface to
General Ledger
via SLA
Review and make corrections
Delete
Valid
transaction

9. Copyright © 2007, Oracle. All rights reserved.
Overview of Other Invoice Operations
Invoice
Rules
Invoice Copies
Original Invoice
Accounting
Rules
Invoice with Rules
Installments

10. Copyright © 2007, Oracle. All rights reserved.
Balance Forward Billing
Overview of Other Invoice Operations
Customer Invoices
Balance Forward Bill

11. Copyright © 2007, Oracle. All rights reserved.
Overview of Adjustments
Adjustment
entry
Approval limit
$500
Validation
process
Approved
or Pending

12. Copyright © 2007, Oracle. All rights reserved.
Overview of Credit Memos
Credit Transactions
Enter
Update
Review
Credit memos
Invoices Debit memos Commitments

13. Copyright © 2007, Oracle. All rights reserved.
Overview of the AutoInvoice Process
Invoice Data Interface Tables Invoices
Interface Exceptions displays errors only
Errors are
corrected
in the
Interface Tables

14. Copyright © 2007, Oracle. All rights reserved.
Overview of Receipts and Remittances
Enter Receipts and
Remittances
Apply to invoice or
customer account
Update customer
balance
Reconcile
Transfer to
General Ledger
via SLA
Reverse or Reapply

15. Copyright © 2007, Oracle. All rights reserved.
Overview of Advanced Collections
Identify past
due items
Review collection
information and
contact customers
Record activity and
accept payments
Resolve
disputed items
Apply
adjustments
Record
bad debt
Record
receipts

16. Copyright © 2007, Oracle. All rights reserved.
Advanced Collections – Collection Methods
Dunning Plan
Collections Strategy
Send dunning letters Dunning callbacks
Work items
Customer contacts
Dunning letters
Credit score reviews

17. Copyright © 2007, Oracle. All rights reserved.
Oracle iReceivables
Oracle iReceivables is an Internet-based, self-service
account management application.
Oracle iReceivables:
•Lets a company's customers access their accounts
online using a standard web browser
•Helps reduce the cost of billing and collections

18. Copyright © 2007, Oracle. All rights reserved.
Oracle iReceivables Product Integration
Receivables
Workflow
Trading Community
Architecture
Payments
Bill Presentment
Architecture Application Framework
iReceivables

19. Copyright © 2007, Oracle. All rights reserved.
Overview of Oracle iReceivables Features
•Anonymous User Login
•One-Time Credit Card
Payment
•Service Charge
•Pay All Open Invoices
•Multi-Pay
•Multi-Print
•Custom Transaction
Search
•Custom Customer Search
•Display of Descriptive
Flexfields
•Export
•Commitment Balance
•Duplicate Dispute
Warning
•Attachment

20. Copyright © 2007, Oracle. All rights reserved.
Summary
In this module you should have learned how to:
•Explain where the Receivables process is positioned
within the Order to Cash Life Cycle
•Describe the overall Receivables process
•Discuss the key areas in the Receivables process