Create Accounting Issue: Incorrect Accounting for Bills Receivable Standard Remittance

(Doc ID 957355.1)

Last updated on FEBRUARY 12, 2018

Applies to:

Oracle Receivables - Version 12.0.0 to 12.0.6 [Release 12.0]
Information in this document applies to any platform.


Oracle Receivables (AR): Receipts Workbench Information Center >  Note 957355.1
Oracle Receivables (AR): Transactions Workbench Information Center > Note 957355.1

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). 

The accounting that happens is:

DR Remitted Cash
   CR Unapplied Cash

The expected accounting is:

DR Remitted Cash 
   CR Remitted Bills Receivable

Steps to Reproduce:
1. Responsibility
: Receivables Manager
: Bills Receivable > Remittances

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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