AP/AR Netting: Setup and Usage
(Doc ID 1399565.1)
Last updated on MAY 20, 2024
Applies to:
Oracle Payables - Version 12.0.0 and laterOracle Receivables - Version 12.0.0 and later
Information in this document applies to any platform.
Purpose
Oracle Receivables (AR): Receipts Workbench Information Center > 1399565.1
This document provides an overview of the AP/AR Netting Process in Release 12.
It contains information on the various components that make up the AP/AR Netting process,
including setup requirements, how to create a Netting Agreement and sample output.
Scope
Details
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In this Document
| Purpose |
| Scope |
| Details |
| 1. Overview of AP / AR Netting |
| 2. Setup Requirements for AP / AR Netting |
| a. Create a Customer in Receivables |
| b. Create a Supplier in Payables |
| c. Define a Netting Bank Account in Payables |
| d. Associate your Bank Account to The Receipt Class AP/AR Netting in Receivables |
| e. Check the “Allow payment of unrelated transactions” in Receivables |
| f. Check Sequential Numbering Setup |
| g. Review Descriptive Flexfield (DFF) setup |
| 3. Create a transaction in Receivables |
| 4. Enter an invoice for your supplier |
| 5. Validate the Invoice |
| 6. Create a Netting Agreement |
| 7. Create a Netting Batch |
| 8. Submit the Batch |
| 9. View Final Netting Report |
| 10. Query the Netting Receipt |
| Responsibility: Receivables Manager Navigation: Receipts > Receipts |
11. Once an AP/AR netting agreement is created, is there a way to submit the netting batch via a scheduled concurrent process to avoid having to run the Netting batch manually? |
| Still Have Questions? |
| References |