Last updated on AUGUST 29, 2016
Applies to:Oracle Receivables - Version 12.1.3 and later
Oracle iReceivables - Version 12.1.3 and later
Information in this document applies to any platform.
On : 12.1.3 version, Receipts Related
In iReceivables for Credit Card payments when user enters a receipt, the maturity date is derived from the invoice due date.
All the receipts which have future dated maturity date are getting picked and processed by the automatic remittance and create settlement jobs before the maturity date.
This is different than in Release 11i.
When receipt gets created maturity date is the same as receipt date irrespective of the invoice due date.
As per Oracle receivables user guide, credit card/ACH receipts use the maturity date for processing the receipt for settlement.
Expectation is that the receipt be settled on or before maturity date
STEPS TO REPRODUCE:
1. Navigate to iReceivables and enter a receipt.
2. the receipt is created with maturity date as the future date
3. Receipt gets picked by Automatic Remittance and settled before maturity date.
Ex: Receipt 123 is submitted in ireceivables by customer
for $500 on 08-Apr with a future date of 30-Apr.
The receipt is created with receipt date of 08-APR and Maturity date as 30-APR.
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