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AR Setups

System Option

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Run Validate Application Accounting Definitions program

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Define Collector

Remit to Address

OM Responsibility

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If you are not done this AR Create Accounting Program will ended with an error

Open AR Period

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Transaction Source

Transaction Type
Credit Memo

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Invoice

Deposit

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Auto Accounting

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Receivable Activities

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Approval Limit
Adjustment

Receipt Write off

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Miscellaneous Receivable Activity


Bank Charges

Miscellaneous Income

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Adjustment

Receipt Write-off

Customer Creation

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AR Transaction

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Complete the transaction

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Create Accounting

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Journal Entry

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Credit Memo

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Create accounting transfer to GL


In GL Journal entries

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Apply Receipts

Apply

Ok and saved

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Journal Entry

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Miscellaneous Receipts
Receipt Type Miscellaneous

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Save the record

Create Accounting

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Journal Entry

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Adjustment to Invoice
Create Invoice for Rs.10000

Complete

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Go to Tools and select Adjust


Adjustment amount Rs.5000

Select Activity Name Adjustment and save the record

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Invoice Balance amount reduced to Rs.5000

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Adjustments to Receipt
Receipt Amount Rs.1500

Selected Invoice amount Rs.2100

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Balance amount Rs.600 to be adjust


Click on Adjustments and
Select Activity name Adjustment
Rs.600 will be default

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Amount has been adjusted

Create Accounting

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Period Closing Process


1) Run Incomplete Invoice Report to find out the incomplete invoices

Report output

Query and compete the invoices

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2) Run Create Accounting Program

Transfer to GL

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Standard Reports
1) Transaction Register
2) Receipt Register
3) AR Reconciliation Report
4) Aging 4 Buckets report
5) Create Accounting
6) Adjustment Register
7) Unapplied Receipt Register
8) Applied Receipt Register
9) Transfer Journal Entries to GL
10) Customer Merge
Inquiries
Account Details

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AR Refunds
Refund
1)
2)
3)
4)
5)

Receivable Activity
Approval Limits
Receipt Class, receipt method and assigned with bank account
Payment term assigned at Payables system Setup
Process Steps

1) Receivable Activity

2) Approval Limits

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3) Receipt Class, Receipt Method and assigned with Bank account

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4) Payment term assigned at the Payables system setup

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5) Process Steps
Create Receipts

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Click on Refund Attributes

Apply and save the record

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You will find the Refund Status


Click on the Refund Status button

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You will find the invoice number details

Go to Payables module and query the invoice

Pay the invoice

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