R12: Notes Receivable Enabled In Receipt Class Is Not Using Notes Receivable Account Class (Doc ID 1400933.1)

Last updated on JUNE 07, 2016

Applies to:

Oracle Receivables - Version: 12.1.3 and later   [Release: 12.1 and later ]
Information in this document applies to any platform.
Form:ARXSUDRC.FMB - Define Receipt Classes and Payment Methods
Form:ARXRWMAI.FMB - Receipts

Symptoms

When user crates a notes receivable and checks the accounting the 'Account class' is not defined as 'Notes Receivable' even though the notes receivable account number is being used.

Receipt Class has been checked for 'Notes Receivable' Enabled
Receipt has the Issuer information all populated

Example:
Select Ledger Account AccountDescription
 GL Date
 Accounting Class =>  Accounted DR => Accounted CR
Sub Account-No Product 25-Nov-2011 Confirmed Cash 1
Account-No Product 25-Nov-2011 Unapplied Cash


Why does it say 'Confirmed Cash' and not 'Notes Receivable' in the 'Account Class' section.

According the the manual it states accounting:
Accounting for Notes Receivable
This table compares the accounting entries that Receivables creates for a regular receipt
and a note receivable.
Cash Receipt Note Receivable
Create Receipt Requiring Remittance
DR Confirmation
CR Receivables
Create Note Requiring Remittance
DR Notes Receivable
CR Receivables
see it says DR Notes Receivable etc

Cause

Sign In with your My Oracle Support account

Don't have a My Oracle Support account? Click to get started

My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms