When Bills Receivable are remitted using Remittance Method = Standard, the accounting associated with the creation of a receipt has incorrect accounting entries (The Unapplied account is credited instead of the Remitted Bills Receivable account).
Create a Standard Remittance batch and pick a Bills Receivable to remit
2. Responsibility: Receivables Manager Navigation: Bills Receivable > Maturity and Risk Programs Ensure you enter parameters such that the Remittance batch you created above will be processed This process will then create a receipt to apply to the BR.
3. Responsibility: Receivables Manager Navigation: Receipts > Receipts Query the receipt created in above step and run Create Accounting. Note that the accounting entries are incorrect.
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