R12: Notes Receivable Enabled In Receipt Class Is Not Using Notes Receivable Account Class
(Doc ID 1400933.1)
Last updated on MAY 31, 2018
Applies to:Oracle Receivables - Version: 12.1.3
Information in this document applies to any platform.
Form:ARXSUDRC.FMB - Define Receipt Classes and Payment Methods
Form:ARXRWMAI.FMB - Receipts
Receipt Class has been checked for 'Notes Receivable' Enabled
Receipt has the Issuer information all populated
Select Ledger Account AccountDescription
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
Create Note Requiring Remittance
DR Notes Receivable
see it says DR Notes Receivable etc
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