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WS: FIN: Understanding the AP and AR Netting Process (P03455) (Doc ID 814193.1)

Last updated on OCTOBER 15, 2019

Applies to:

JD Edwards World Accounts Payable - Version A8.1 cume 2 and later
JD Edwards World Accounts Receivable - Version A8.1 cume 2 and later
Information in this document applies to any platform.

Purpose

This document describes the process to net A/P and A/R transactions, including how to delete, post, and void (roll back) netting transactions. The netting programs are available in release A8.1 and subsequent release levels.

Scope

For all clients on release A8.1 or higher who have suppliers as their customers and use both the JD Edwards World Accounts Payable and Accounts Receivable systems.

Details

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In this Document
Purpose
Scope
Details
 Overview of the Netting Process
 Setting Up the System for Netting
 Determining Liabilities (Netting Results)
 Understanding the Netting Program (P03455)
 Transaction Details of the Netting Process
 Processing Option Considerations for P03455
 Features of the Netting Program
 Displaying Transactions - System Totals, Selected Totals, and Net Amounts
 Recalculating the Totals on Selected Transactions
 Understanding the Subfile Display
 Changing the G/L Date
 Toggling Between A/R Stand-Alone Netting and A/P Stand-Alone Netting Versions
 Steps for Netting Transactions using the Stand-Alone Netting Program (P03455)
 Reviewing the Results of Standalone Netting
 Steps to Delete Unposted Netted Transactions
 Steps to Post Netted Transactions
 Processing Payments and Receipts for Netted Transactions
 Netting Transactions During the Payment Process
 Steps for Netting using Payment with Voucher Match (P04102)
 Steps for Netting from Receipts Entry (P03103) 
 Voiding (Rolling Back) Posted Netting Transactions
 Steps to Voiding A/P Payments and Rolling Back the Netting Transactions
 Steps to Voiding A/R Receipts and Rolling Back the Netting Transactions
 Multicurrency Netting
References

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