Receivables Fundamentals PDF

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Receivables Fundamentals
Activity Guide
D94177GC10
Edition 1.0 | January 2016 | D94563
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CONTENTS
Lesson 1: Order to Cash Overview .................................................................... 1
Lesson 1: Order to Cash Overview ..................................................... 2
Demonstrate Vision Corporation Enterprise Structure ...................... 3
Verify Business Unit Business Functions and Ledger, Legal Entity

Relationship .................................................................................... 11
Demonstrate Users and Role Assignments .................................... 16

Lesson 2: Customer Management ................................................................... 19
Lesson 2: Customer Management .................................................. 20
Define Profile Class ........................................................................ 21
Define a Customer .......................................................................... 24
Lesson 3: Process Invoices.............................................................................. 29
Lesson 3: Process Invoices ............................................................ 30
Define a Transaction Type.............................................................. 31
Define a Transaction Source .......................................................... 36
Create a Manual Invoice and Copy from an Existing Invoice.......... 38
Create a Credit Transaction and Apply on an Invoice .................... 41
Create a Debit Memo...................................................................... 46
Create an Invoice with Invoice Rule ............................................... 48
Lesson 4: Process Receipts ............................................................................. 55
Setup Bank, Bank Branches and Bank Accounts ........................... 57
Define Receipt Class and Receipt Source ...................................... 62
Enter a Receipt and Apply to an Invoice ......................................... 65
Reverse a Receipt .......................................................................... 68
i
Setting Up a Payment System ........................................................ 70
Creating the Transmission Configuration........................................ 71
Setting Up Funds Capture for Receivables..................................... 73
Creating a Routing Rule Demonstration ......................................... 76
Create a Manual Refund................................................................. 77
Lesson 5: Configuring Oracle Fusion Tax ...................................................... 85
Lesson 5: Tax Activities .................................................................... 86

Using the Tax Simulator to Test a Receivables Transaction .......... 92
Lesson 6: Receivables Reports ....................................................................... 95
Lesson 6: Receivables Reports ........................................................ 96
ii
Lesson 1: Order to Cash Overview
Copyright © 2016, Oracle and/or its affiliates. All rights reserved. 1

The following are activities and demonstrations for Order to Cash Overview:
• Demonstrate Vision Corporation Enterprise Structure

• Demonstrate Business Unit Business Function Assignment
• Demonstrate Users and Role Assignments

Use the following user names with the password assigned by OU Operations for
all activities unless otherwise specified.
• Students: FinXX.Student where XX = 01 to 40

• Instructors: FinXX.Instructor where XX = 00, 97, 98, 99
2 Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

Demonstrate Vision Corporation Enterprise Structure

Scenario:
• Your company, Vision Corporation, is a multinational conglomerate that operates

primarily in the United States (US) and the United Kingdom (UK). The focus of this class
is on the operations in these two countries.
• Vision Corporation has recently expanded their operations to China and France. In the
future you are expanding to other countries in Europe and around the world.

• Vision Corporation has purchased an Oracle Fusion solution including Oracle Fusion
General Ledger and all of the Oracle Fusion sub ledgers.
• Vision Corporation has 400 plus employees and revenue of $120 million.
• Your product line includes high technology products and banking services.
• You have two distribution centers and four warehouses that share a common item
master in the US, UK, and France.
• Your banking organization in the UK provides financing to your customers.
• You are leading the Enterprise Structure team for your implementation project and are
designing the model for your global enterprise structure including both your US, UK, and
France operations.
The Vision Corporation story is used to demo and teach the functionality in Oracle
Fusion Applications to our customers around the globe and does not always represent a
real world implementation.


In this demonstration, we will verify Vision Corporation, Enterprise components and their
relationships.

Verify Ledger Options and Legal Entity Assignments for US Primary Ledger
1. Log in with the assigned username.

2. Navigator > Setup and Maintenance
3. Enter Search: Name: Define Ledgers
4. Click the Search button.
5. Expand Define Ledgers Task List.
6. Expand Define Accounting Configurations Task List.

7. Click the Selected Scope hyperlink for the Specify Ledger Options task.
8. The Select Scope window appears. With Specify Ledger Options radio
button selected, Select and Add from the Primary Ledger drop down list.
9. Click Apply and Go to Task button.

10.Search and select the row header for US Primary Ledger.

11.Click the Save and Close button on the very bottom of the window.

12.View Ledger Options for US Primary Ledger
13.Click Cancel.
US Primary Ledger has been selected as the Selected Scope: Primary

Ledger (scope value) for all Define Accounting Configurations tasks. This
selection must always be set prior to selecting any task.

Verify Legal Entity Assignment:
14.Click Go to Task for the Assign Legal Entities task.

15.Verify Assigned Legal Entities and Company Values associated with those
Legal Entities
16.Click the Cancel button.
Verify Secondary Ledger
17.Expand Define Secondary Ledgers Task
18.Click Go to Task for the Manage Secondary Ledgers task.
19.Click the Done button.

Verify Ledger Options and Legal Entity Assignments for France Primary
Ledger
20.Click the Selected Scope hyperlink for the Specify Ledger Options task.
21.The Select Scope window appears. With Specify Ledger Options radio
button selected, Select and Add from the Primary Ledger drop down list.
22.Click Apply and Go to Task button.
23.Search and select the row header for France Primary Ledger.


25.View Ledger Options for France Primary Ledger

26.Click Cancel.
Verify Legal Entity Assignment:
27.Click Go to Task for the Assign Legal Entities task.

28.Verify Assigned Legal Entities and Company Values associated with those
Legal Entities.

Verify Secondary Ledger
30.Expand Define Secondary Ledgers Task

31.Click Go to Task for the Manage Secondary Ledgers task.
32.Click the Done button.

Verify Business Unit Business Functions and Ledger,

Legal Entity Relationship
Activity Scope
In this demonstration, you will:
• View Business Unit Business Functions and Ledger, Legal Entity

relationship to Business Units.

When defining or maintaining business units, the scope value is a specific
business unit. The business unit (scope value) that you want to work with must be
selected from the Selected Scope column, prior to selecting any task.
Verify US1 Business Unit

3. Enter Search: Name: Define Business Units
5. Expand Define Business Unit Task List

6. Click the Selected Scope hyperlink for the Assign Business Unit Business
Function task.
7. The Select Scope window appears. With the Assign Business Unit
Business Function radio button selected, Select and Add from the
Business Unit drop down list.

8. Click Apply and Go to Task button.
9. Search and select the row header for US1 Business Unit.
Do not select the Name hyperlink as it will open the Edit Business
Unit page. If you inadvertently reach the Edit Business Unit page you can
save and close and the scope will be selected, but you will be returned to the
Setup and Maintenance work area.

11.View the Business Unit Functions, Financial Reporting.

Business functions that generate financial transactions will require a
primary ledger and a default legal entity. When this type of business function
is selected, the Primary Ledger and Default Legal Entity fields will
become mandatory (as indicated by the asterisks). These fields must be
populated before selecting additional business functions.

Verify for France Business Unit
13.Click the Selected Scope hyperlink for the Assign Business Unit Business
Function task.
14.The Select Scope window appears. With the Assign Business Unit
Business Function radio button selected, Select and Add from the
Business Unit drop down list.
15.Click Apply and Go to Task button.

16.Search and select the row header for France Business Unit.

18.View the Business Unit Functions, Financial Reporting.
19.View Primary Ledger and Default Legal Entity

Verify Inventory Organizations Linked to US1 Legal Entity
21.Enter Search: Name: Define Inventory Organization

22.Click the Search button.
23.Expand Define Inventory Organization for Product Management Task
List
24.Click Go to Task on Manage Inventory Organization Task

25.Select US1 Legal Entity from the Legal Entity drop down list in the Search
Region and Click Search
26.View Inventory Organizations linked to US1 Legal Entity

27.Click Done
Demonstrate Users and Role Assignments

In this demonstration, you will verify data roles assigned to your user name.
Activity Scope
1. Sign in with your assigned user name.

3. Enter Search: Name: Define Common Applications Configuration for
Financials

5. Expand the Define Common Applications Configuration for Financials task
list.
6. Expand the Define Implementation Users task list.
7. Click the Go to Task icon for the Provision Roles to Implementation Users
task. This opens Oracle Identity Manager.

8. Click the Administration link from the upper right hand corner of the page.

9. Select the Advanced Search - Users link.
10. Enter your user name in name in the User Login field.
11. Click Search.
12. Click the Display Name link for your user name in the Search Results region.
13. Click the Roles tab.
14. In Display Name Field, Expand FIN_COMBO_USER

15. Scroll down to view Other Receivables Roles
16. Close the Oracle Identity Manager tab.

Lesson 2: Customer Management


The following are activities and demonstrations for Customer Management:
• Define a Customer Profile Class

• Define a Customer

Define Profile Class
In this activity, you will create a profile class to categorize and manage your
Customers.
Activity Scope

3. Enter Search: Name: Profile Class
5. Click Go to Task on Manage Receivables Customer Profile Class Task
6. In Search Results region Click Create icon
7. Enter Profile Class Name as XX Moderate Risk

8. Enter following information on Profile Class tab

Collector Jim Jones
Credit Classification Moderate Risk
Payment Terms 30 Net
Match Receipts By Transaction Number
AutoMatch Rule Set Default AutoMatch US1
AutoCash Rule Set Invoice Match
Remainder Rule Set Oldest transaction first

Grouping Rule DEFAULT
9. Leave rest of the fields as defaulted
10.On Late Charges tab Click Add Row in Currency Settings Region

11.Enter following details

Currency USD – US Dollar
Conversion Rate Type Corporate
Minimum Receipt Amount 15.00
Minimum Statement Amount 100
Minimum Dunning Amount 100
Minimum Dunning Invoice 15.00
Amount

12.Click Save and Close.
13.Click Done.

Define a Customer
In this activity, you will create a Customer.
Activity Scope

2. Navigator > Receivables > Billing

3. In Tasks Click Create Customer
4. Enter following details

Organization Name XX IBM Corporation 1
Account Description XX IBM Corporation 1
Account Type External
Account Address Set CUSTSITE
Site Name XX Billing Address 1
Address Line 1 101 Main Street
City New York
State NY
Postal Code 10022


5. Scroll to the bottom of the page Click Add Row in Address Purposes region
and select Bill to as Purpose
6. Click Add Row, again in Address Purposes region and select Ship to as
Purpose and associate Bill to Site.
7. Click Save and Close.

8. Enter your Customer Name as Organization Name in Search Region and
click Search.

9. Click the Site Number Hyper link in Sites Region.

10.Click Create in Reference Accounts Region by scrolling to the bottom of
the page and after selecting Bill to Purpose line

Business Unit US1 Business Unit
Revenue 101.10.46000.000.000.000
Receivable 101.10.12101.000.000.000
Tax 101.10.13200.000.000.000
Freight 101.10.62520.000.000.000
Unearned Revenue 101.10.24500.000.000.000
Unbilled Receivable 101.10.12310.000.000.000
Auto Invoice Clearing 101.10.12190.000.000.000


12.Click Ok
13.Click Save
14.Click Profile History Tab
15.Click Create Site Profile.

16.Select your Profile Class.
17.Click Yes for Warning Message.



Lesson 3: Process Invoices

The following are activities and demonstrations for Process Invoices:
• Define Transaction Types

• Define Transaction Sources

• Raise a Customer Invoice
• Raise a Credit Memo and Apply with Customer Invoice
• Raise a Debit Memo
• Invoicing with Rules
• Manual Refunds

Define a Transaction Type

In this activity, you will create a Transaction Type.
Activity Scope

3. Enter Search: Name: Transaction Type

5. Click Go to Task on Manage Transaction Type Task
6. Click Create in Search Results Region

Transaction Type Set US1 BU Set
Legal Entity US1 Legal Entity
Name and Description XX Credit Memo 1
Transaction Class Credit Memo
Transaction Status Open
Creation Sign Negative
Generate Bill Yes

8. Click Save
9. Click Create in Reference Accounts Region

Revenue 101.10.46000.000.000.000
Receivable 101.10.12101.000.000.000
Tax 101.10.13200.000.000.000
Freight 101.10.62520.000.000.000
10.Click Ok

11.Click Save and Create Another

Name and Description XX Services Invoice

Transaction Class Invoice
Creation Sign Positive Sign
Generate Bill Yes
Credit Memo Type XX Credit Memo 1
Application Rule Set Prorate All
Payment Terms Immediate
Allow Freight Enable
13.Click Save
14.Click Create in Reference Accounts Region


Revenue 101.10.46000.000.000.000
Receivable 101.10.12101.000.000.000
Tax 101.10.13200.000.000.000
Freight 101.10.62520.000.000.000

16.Click Ok
17.Click Save and Create Another
Name and Description XX Debit Memo
Transaction Class Debit Memo
Creation Sign Positive Sign
Generate Bill Yes
Application Rule Set Prorate All
Payment Terms Immediate
Allow Freight Enable

19.Click Save
20.Click Create in Reference Accounts Region
Revenue 101.10.46000.000.000.000
Receivable 101.10.12101.000.000.000
Tax 101.10.13200.000.000.000
Freight 101.10.62520.000.000.000

22.Click Ok
23.Click Save and Close

Define a Transaction Source

In this activity, you will create a Transaction Source.
Activity Scope

3. Enter Search: Name: Transaction Source

5. Click Go to Task on Manage Transaction Sources Task

6. Click Create in Search Results Region
Transaction Source Set US1 BU Set

Name XX Manual Source
Description XX Manual Source

Type Manual
From Date Today’s Date
Last Transaction Number 10000
Standard Transaction Type XX Standard Invoice
Credit Transaction Source Manual
7. Click Save and Close

8. Click Done

Create a Manual Invoice and Copy from an Existing

Invoice
In this activity, you will create a Manual Invoice. You will also create the copy from
an existing invoice in this activity.
Activity Scope


3. In Tasks Click Create Transaction
4. In General Information Region enter following details
Transaction Source XX Manual Source
Sales Person Ralph Ambers
Bill to Name XX IBM Corporation

5. In Invoice Lines Region enter following details

Description Consulting Revenue
UOM Day
Quantity 10
Unit Price 200

6. Click Complete and Review
7. Click Actions and Duplicate to create a Copy of this Invoice
8. Select Principal Consultant in Memo Line and UOM, Quantity and Unit
Price will default from Memo Line, which we can modify, if needed.

9. Click Complete and Close

Create a Credit Transaction and Apply on an Invoice

In this activity, you will create a Credit Transaction.
Activity Scope

3. In Tasks Click Credit Transaction
4. Click Search Icon for Number

5. Enter your Transaction Source and Click Search


6. Select your first invoice. Click ‘Ok’
7. In Credit Memo Region Enter following details
Transaction Source XX Manual Source 1
Transaction Type XX Credit Memo 1

8. In Transaction Amounts Region Click Credit Entire Balance
9. Click Complete and Review

10.Click Cancel.
11.Click the Manage Transactions Link in the Tasks Region.
12.In the Bill to Customer field, enter XXIBM Corporation.
13.Click Search.

14.Click the Invoice Number Link for your First Invoice Number 10000 against
which the Credit Transaction was recorded.

15. Select ‘View Transactions Activity’ from the Actions LOV

16.Review the Credit Memo details applied to the Invoice.

17. Click Done.
18. Click Cancel.

Create a Debit Memo

In this activity, you will create a Debit Memo.
Activity Scope

3. In Tasks click Create Transaction.
4. Change the Transaction Class to Debit Memo.
5. In General Information region enter the following details:
Transaction Class Debit Memo
Transaction Source Manual
Transaction Type XX Debit Memo
Bill-to Name XX IBM Corporation
Payment Terms 30 Net

6. In the Invoice Lines Region, enter the following details:

Description Price Correction
UOM Day
Quantity 10
Unit Price 100

7. Click Complete and Close.

Create an Invoice with Invoice Rule

In this activity, you will create a Revenue Schedule Rule to spread revenue
recognition for 3 months, rather than recognizing immediately. You will also create
an Invoice to test your rule.
Activity Scope


3. Enter Search: Name: Revenue Scheduling Rule
5. Click Go to Task on Manage Revenue Scheduling Rules Task.
6. Click Create in the Search Results Region.
7. Enter the following details:

Set Common Set
Type Fixed Schedule
Name and Description XX 3 Months - Fixed
Number of Periods 3


8. Click Done.
Create an Invoice and test your Revenue Scheduling Rule

11. In Tasks click Create Transaction.
12.In the General Information Region enter the following details:
Transaction Source XX Manual Source
Sales Person Ralph Ambers
Invoicing Rule In Advance
Ship-to Name XX IBM Corporation


13.In the Invoice Lines Region enter the following details:
Description Support Service Revenue
UOM Month
Quantity 3
Unit Price 10000
14. Click the Revenue Scheduling Link in Invoice Lines Region and Select
your Rule.
15. Click Complete and Close

Note: Instructor to Run Recognize Revenue Process for the US

Business Unit
16.Navigator > More>Tools > Scheduled Processes

17.Click Schedule a New Process.
18.Enter Recognize Revenue as the Process Name.

19.Verify the Process Details and ensure you select US1 Business Unit as the
Business Unit.
20.Click Submit.

21.Click Ok for Confirmation Message.

22.Click Close.
23.Click Refresh to see your request status.
Note: Students to resume from here
24.Navigator > Receivables > Billing

25.In Tasks click Manage Transactions.
26.In Search Region enter Bill-to Customer as XX IBM Corporation
27.Click Search.

28.Open you Invoice with Revenue Recognition Rule. Tip: Latest Invoice
Number.

29.Click Actions and Review Distributions.
30.Click Yes to save in the Warning Message window.

32. Click Cancel.


Lesson 4: Process Receipts

The following are activities and demonstrations for Process Receipts:
• Define Bank, Branch and Bank Accounts

• Define a Receipt Class and Source
• Enter a Receipt and Apply to an Invoice
• Reverse a Receipts
• Setting up Fund Capture for Receivables

• Manual Refunds

Setup Bank, Bank Branches, and Bank Accounts

In this activity you are going to create a bank, a branch, and an account.
Associate the bank to the legal entity: US1Legal Entity.
Activity Scope

3. Enter Search: Name: Define Cash Management

5. Expand Define Cash Management and Banking Configuration Task List.
6. Expand Set Up Banks, Branches and Accounts Task List.
7. Click Go to Task for the Manage Banks Task.

8. Click the Create icon.

9. For the Country list item, select United States from the list of values.

10.Enter XX Bank of America as the name in the Bank Name field.
11.Expand the Addresses region. Click the Create button.
12. Enter the address information as follows:
Address Line 1 XX1234 Main St.

City Dallas
State Texas
Postal Code 75233

13.Click OK.

15.Click OK in the Information Window.
16.Click Create Branch after selecting your Bank Name in list of Bank Names.
17.Enter Downtown as the Branch Name.

20.Click the View Branch button after selecting your Bank Name in list of Bank
Names.
21.Click Create Account.

22.Enter the following details:
Account Name XX Business Account

Account Number XX1234
Currency USD
Legal Entity Name US1 Legal Entity
Account Use Payables, Receivables

Note: The general ledger accounts under the General tab do not appear until
the Legal Entity Name has been specified.
23.Enter the following in GL Accounts Region on the General tab.
Cash 101.10.11200.000.000.000
Cash Clearing 101.10.11501.000.000.000
Reconciliation Difference 101.10.11101.000.000.000
24.Click Create in Payment Documents Region on the General tab.

Payment Document XXCheque

Format Laser Check Format
First Available Document Number 1000
Cheque Book Book00
Start Number 1001
End Number 1100


26.Click the Business Unit Access tab.
27.Click the Create icon.
28.Select the US1 Business Unit.
29.Click OK.
32.Click Done.

Define Receipt Class and Receipt Source

In this activity you are going to create a Receipt Class and Receipt Source.
Activity Scope

3. Enter Search: Name: Receipt

5. Click Go to Task on the Manage Receipt Classes and Methods Task.
6. Click Create in the Search Results Region.

7. Enter the name XX Direct Receipt.
8. Leave the rest of the fields with their default values.
9. Click Add Row in the Receipt Methods Region.
10. Enter the name XX Direct Receipt.

11. Put the effective Start Date as First Day of the Month.
12.Click Save.

13.Click Create in Remittance Bank Account Region.

Bank XX Bank of America
Account XX Business Account
Unapplied Receipts 101.10.12120.000.000.000
Unidentified Receipts 101.10.12130.000.000.000
On-Account Receipts 101.10.12110.000.000.000
Unearned Discounts Unearned Discount
Earned Discounts Earned Discount

17.Click Done.
18.Click Go to Task on Manage Receipt Sources Task.

19.Click Create in the Search Results Region.

Name and Description XX Manual
Receipt Class XX Direct Receipt

Receipt Method XX Direct Receipt
Bank Account XX Business Account


Enter a Receipt and Apply to an Invoice

In this activity you are going to create a Receipt and apply that to an
Invoice.
Activity Scope

2. Navigator > Receivables Balances
3. In the Tasks Region, select Create Receipt.

4. Enter the following details:

Receipt Number 100000
Entered Amount 1000
Name (Customer Region) XX IBM Corporation 1
Site Select the one available
5. Click Add Open Receivables in Remittance Reference Details.
6. Enter Transaction Customer Name as XX IBM Corporation.

7. Click Search.

8. Select the first invoice from the Search Results Region.
9. Click Add and Done.
10.Alter Reference Amount to 1000.
11.Click Submit and Auto Apply Now.
12.Select the first record in Recommendation.

13.Click Accept.


Reverse a Receipt
In this activity you are going to reverse the receipt entered in previous labs.
Activity Scope
1. Log in with the assigned user name.

3. In the Tasks Region, select Manage Receipts.
4. Enter XX IBM Corporation as Customer Name in the Search Region and

click Search.
5. Select the receipt you have created and click Actions and Reverse.

6. Select Category as Reverse Payment and Reason as Nonsufficient

funds.

8. Click Ok in Information window.
9. Verify the status of your receipt has changed to Reversed

Setting Up a Payment System

Overview
In this practice you will be setting up your payment system so you can
select it when you create a funds capture process profile and when you
modify an existing internal payee. You will complete the following tasks:
• Set up a funds capture settlement file format.
• Set up a transmission configuration to transmit outbound electronic
payment files to the payment system.
Set up a payment system and associate it with the funds capture settlement

•
format you created.
• Set up a payment system account.
Assumptions
Sign in as your FASXX.Student user as assigned by the instructor.
Tasks
Creating a Funds Capture Settlement Format
1. Navigator>Setup and Maintenance
Enter ‘Manage Formats’ in the Name Field on the all task Tab.
Click Search.
Click Go to Task.
2. In the title bar of the Search Results region on the Manage Formats page, use the Select
Type list to select the Funds Capture Settlement Format.
Note: The Select Type list is in the middle of the page, not in the upper right.
3. Click the Create button.
4. In the Name field on the Create Format page, enter XXFunds Capture format.
Note: Verify that the Message Direction displays Outbound. If not, repeat the selection of
the Funds Capture Settlement Format from the Select Type list.
5. In the Code field, enter XXFC code.
6. In the BI Publisher Template field, enter IBY_PTK_B_2_1.

7. Click the Save and Close button.
8. Click the OK button.
9. Click the Done button.
Selecting the Protocol for the Transmission Configuration
1. Enter Manage Transmission Configurations in the Name Field on the all task Tab.
Click Search.

Click Go to Task.
2. From the Select Protocol list in the Search Results region on the Manage Transmission
Configurations page, select File Transfer Protocol for Static File Names.
Creating the Transmission Configuration
1. In the Configuration field on the Create Transmission Configuration page, enter

XXPayments Training Configuration.
2. In the Protocol field, File Transfer Protocol for Static File Names appears as read-only.
3. In the Value field on the FTP Server IP Address line, enter Payments
training.oracle.com.
4. In the Value field on the FTP Account Username line, enter Payments training
username.
5. In the Value field on the FTP Account Password line, enter Payments training
password123.
6. In the Value field on the Remote File Directory line, enter /tmp.

Creating a Payment System
1. Enter Manage Payment Systems in the Name Field on the all task Tab.
Click Search.
Click Go to Task.
Click Create.

2. In the Name field on the Create Payment System page, enter XXPayments payment
system.
3. In the Code field, enter XXps code.
4. In the Funds Capture subregion, select the Credit card and Electronic funds transfer
check boxes.
5. In the Disbursement subregion, select the Electronic funds transfer and positive pay
check box.
7. In the Formats subregion, click the Add Row icon and select XXFunds Capture format,
which is the funds capture settlement file format you created on the Create Format page.
8. In the Transmission Protocols subregion, click the Add Row icon and select File
Transfer Protocol for Static File Names.
9. Click the Save and Add Accounts button.
Creating a Payment System Account
1. In the Payment System Accounts region on the Edit Payment System Accounts page,
click the Add Row icon and enter XXPayments payment system account in the Name
field.

Setting Up Funds Capture for Receivables

Overview
In this practice, as an implementor, you want to set up funds capture functionality to manage
funds capture transactions and settlement batches. You will complete the following tasks:
• Create a funds capture payment method for bank account.
• Create a funds capture process profile.
• Modify an existing internal payee.
Assumptions

Tasks
Creating a Funds Capture Payment Method
1. Enter Manage Funds Capture Payment Methods in the Name Field on the all task Tab.
Click Search.
Click Go to Task.
Click Create.
2. In the Name field of the Create Funds Capture Payment Method dialog box, enter
XXPayments Funds Capture Payment Method.
3. In the Code field, enter XXFCPM Code.

Creating a Funds Capture Process Profile
1. Enter Manage Funds Capture Process Profiles in the Name Field on the all task Tab.
Click Search.
Click Go to Task.
Click Create.
2. In the Name field on the Create Funds Capture Process Profile page, enter
XXPayments FCPP.

3. In the Code field, enter XXFCPP code.
4. From the Payment System list, select the payment system you created previously,
XXPayments payment system.
5. Select the Formats tab.
6. In the Verification region, select the funds capture format you created from the Outbound
Format list.
7. In the Verification region, select PTECH_ONLINE_7_2 from the Inbound Response

Format list.
8. In the Settlement region, select the funds capture format you created from the Outbound
Format list.
9. In the Settlement region, select PTECH_ONLINE_7_2 from the Inbound Response

Format list.
10. Select the Settlement Batch tab.
11. In the Settlement Batch Creation Rules region, select both the Business unit and the
Internal bank account check boxes.
12. In the Settlement Batch Limits region, select USD – US Dollar from the Amount list.
13. In the field to the right of the Amount list, enter 1000.00.
14. From the Conversion Rate Type list, select Corporate.
15. In the Number of Settlements field, enter 6.
16. Select the Accounts tab.

17. Data defaults into the Payment System Account and the Configuration Profile fields.
18. From the Verification list, select the transmission configuration you created previously.
19. From the Settlement list, select the transmission configuration you created previously.

Modifying an Existing Internal Payee
1. Enter ‘Manage Internal Payees in the Name Field on the all task Tab.
Click Search.
Click Go to Task.
2. On the Manage Internal Payees page, click the Search button. The Vision Online link
appears in the Search Results region.
3. Click the Vision Online link.
4. In the Configured Processing Types region on the Edit Internal Payee page, note the
processing types that are selected.
5. In the Payment System Accounts region, click the Add Row icon.
6. From the Payment System list, select the payment system you created previously,
XXPayments payment system.
7. From the Payment System Account list, select the payment system account you created
previously, XXPayments payment system account.
8. In the Business Units region, confirm that US1 Business Unit already appears.
Important: Do not click the Done button. The instructor will now demonstrate how to
create a routing rule from this page.

Creating a Routing Rule Demonstration

Overview
In this instructor led demonstration, you will be shown you how to create a routing rule.
Instructor Note: The class just modified an existing internal payee on this same page, Manage
Internal Payees.
Assumptions
Sign in as Casey.Brown.

Tasks
Specifying Conditions for a Routing Rule
1. On the Manage Internal Payees page, select the Vision Online row.
2. Click the Manage Routing Rules button.
3. In the Routing Rules region on the Manage Routing Rules: Vision Online page, select
Bank Account Transfer from the Payment Method list and click the Create button.
4. In the Name field on the Create Routing Rule page, enter XXPayments Routing Rule.
5. In the Conditions region, click the Add Row icon.
6. In the Criterion field, select Amount from the list.
7. In the Operator field, select Greater than from the list.
8. In the Value field, enter 1000.00.
9. In the Route To region, select the payment system account you created previously,
XXPayments payment system account, from the Payment System Account list.
10. In the Route To region, select the funds capture process profile you created previously,
XXPayments FCPP XXPayments payment system account from the Funds Capture
Process Profile list.
11. Click the Cancel button.
Note: If you click the Save and Close button, you will receive a message that indicates a
connection to the server has failed. This is a known issue.

Create a Manual Refund

In this activity you are going to understand the process of Manual Refund to
a Customer.
Activity Scope
Verify Refund Activity:
Note: Receivable Activity with Activity Type Refund can only be created once

for a particular Business Unit and it is already configured in Vision Demo
Environment.

3. Enter Search: Name: Manage Receivables Activities
5. Click Go to Task on Manage Receivables Activities Task
6. Enter following details in Search Region

Activity Type Refund

7. Click Search

8. Click Cancel
9. Logout from your user.
Set Approval Limits for your User name:
Note: Setting Approval Limit for your Username from your User Login is not
permitted as a security measure. So for this activity, login with casey.brown
username and same password as your current user, password.
1. Login with casey.brown User name.

2. Enter Search: Name: Manage Approval Limits
4. Click Go to Task on Manage Approval Limits Task

5. Click Add Row in Search Results Region and enter following details
User Name Assigned to you by Instructor
Document Type Credit Memo Refund
Currency USD
Minimum Approval Amount 5
Maximum Approval Amount 500

7. Logout.
Create Manual Refund

3. In Tasks Region select Create Receipt

Receipt Number XX1211
Entered Amount 200
Name (Customer Region) XX IBM Corporation
Site Select the one available

5. Click Submit and Apply Manually.

6. In Receipt Details Region Click Actions and More and Issue Refund

7. Select the Customer Site and Refund Payment Method as Check

8. Click Ok.

10.In Tasks Region select Manage Receipts
11.Enter your Receipt Number in Search Region
12.Click Search


13.Click Receipt Number to Open the receipt
14.In Receipts Details Region
15.Click Application Reference Number hyperlink
16.It will open Payment Request generated for your Refund, which you can
verify.
17.Click Done.
18. Click Cancel.

19. Click Done.


Lesson 5: Configuring Oracle Fusion Tax

Lesson 5: Tax Activities
The following are activities for Oracle Fusion Tax:
• Creating a Minimum Tax Configuration.

• Using the Tax Simulator to Test a Receivables Transaction.Creating a
Minimum Tax Configuration

Overview
In this practice, you are creating a new minimum tax configuration for US
Sales and Use Tax using Oracle Fusion Tax pages.
Note: This tax configuration will be used in the Using the Tax Simulator to Test a
Receivables Transaction activity.
Assumptions
When implementing transaction tax, you can define scope values for
taxes, tax jurisdictions, tax statuses, and tax rates in the foundation
setup.
For example, if you select a tax regime to use as a scope value for a tax,
that value is automatically populated in the search attributes on the Manage
Tax page. That tax regime's attributes are also populated on the Create
Tax page. The same logic applies to the next step in the foundation setup.
For the purposes of this practice, we will not identify a scope value
for the tax.
Note: This practice is for illustrative purposes and may not represent your true tax model.
For example:
− The recommended setup for US sales tax is to create three different taxes within the
one tax regime to define state, county, and city taxes. You would create multiple tax
jurisdictions for each tax to cover the states, counties, and cities that you need.
− The tax rates may not represent actual tax rates.
− You can use third-party content for the creation of all detailed US tax jurisdictions
and tax rates, as well as the creation of all required geography information such as
states, counties, cities, and postal codes.

Defining a Tax Regime
Tasks
Enter ‘Manage Tax Regimes’ in the Name field on the All Task Tab

Click Go to Task.
2. On the Manage Tax Regimes page for Transaction Tax, click the Create icon.
3. Complete the fields, as shown in the following table:

Field Value
Tax Regime Code XX US SUT
Tax Regime Name US Sales and Use Tax
Country United States
Start Date 1/1/01
Tax Currency USD – US Dollar
Minimum Accountable Unit 0.01
Tax Precision 2
Appears as a default when you select the tax
currency.
Allow tax rounding override Select
4. Select US1 Business Unit in the Party Name field in the Configuration Options and
Service Subscriptions region.
5. Select Common configuration with party overrides in the Configuration for Taxes and
Rules field.
6. Common configuration appears as a default in the Configuration for Product

Exceptions field.
7. Enter 1/1/01 in the Effective Start Date field.

Defining a Tax
Tasks
Enter ‘Manage Taxes’ in the Name field on the All Task Tab

Click Go to Task.
2. On the Manage Taxes page for Transaction Tax, click the Create icon.

Field Value
Tax Regime Code XX US SUT
Configuration Owner Global configuration owner
Tax XX US STATE SALES
Tax Name US State Sales
Tax Type Sales tax
Geography Type STATE
Parent Geography Type COUNTRY
Parent Geography Name United States
Allow tax rounding override This option is automatically selected because
you selected this option at the tax regime level.
Allow override of calculated tax Select
lines
Allow entry of manual tax lines Select
Allow duplicate registration Select
numbers
Allow multiple jurisdictions This option is automatically selected by default.
Allow creation of multiple Select
jurisdictions
Allow tax exceptions This option is automatically selected by default.
Allow tax exemptions This option is automatically selected by default.
4. Click the Tax Accounts tab.

5. Click the Create icon.
6. On the Create Accounting Details dialog box, enter US Primary Ledger in the Ledger
field and click OK.
7. The Tax Account Details region appears. Enter 101.10.25200.000.000.000 in the Tax
Liability Account field.
8. Click the Tax Rule Defaults tab.
9. Select Ship to, use bill to if ship to is not found in the Place of Supply field.
10. Select Applicable in the Tax Applicability field.

11. Select Ship-from party in the Tax Registration field.
12. STANDARD_TC appears as a default in the Tax Calculation Formula field.
13. STANDARD_TB appears as a default in the Taxable Basis Formula field.
14. Click the Save button.
Defining a Tax Jurisdiction
Tasks
1. On the Edit Tax page, click the Tax Rule Defaults tab and select the Tax Jurisdiction
row.
2. Click the Create Default button.

Field Value
Tax Jurisdiction Code XX US TX STATE SALES
Tax Jurisdiction Name US TX State Sales
Geography Type STATE
Geography Name TX
A value for TX may appear below the field.
You can click this value or simply click in the
Default Start Date field.
4. The values of COUNTRY and United States appear in the Parent Geography Type and
Parent Geography Name fields, respectively.
5. Enter 1/1/01 in the Default Start Date field.

Defining a Tax Status
Tasks
1. On the Edit Tax page, Tax Rule Defaults tab, select the Tax Status row.
3. Complete the fields, as shown in the following table.

Field Value

Tax Status Code XX US STATE SALES STANDARD
Tax Status Name US State Sales Standard
Default Start Date 1/1/01
You will be directed back to the Edit Tax page.
Defining a Tax Rate
Tasks
1. On the Edit Tax page, Tax Rule Defaults tab, select the Tax Rate row.
3. Complete the fields, as shown in the following table.

Field Value
Tax Status Code XX US STATE SALES STANDARD
Tax Rate Code XX US STATE SALES STANDARD
4. Enter 7.25 in the Rate Percentage field in the Rate Periods region.
5. Enter 1/1/01 in the Effective Start Date field.
6. Enter 1/1/01 in the Default Start Date field.

You will be directed back to the Edit Tax page.
Enabling a Tax for Simulation
Tasks
1. On the Edit Tax page, select the Enable tax for simulation option. At this time, do not
select to enable the tax for transactions until we test the configuration using the Tax
Simulator.

Information: For further information about setting up your minimum tax
configuration, refer to the Help Portal to view the demonstrations on:
• Configuring Taxes for Transactions Part 1: Setting Up Tax Regimes.
• Configuring Taxes for Transactions Part 2: Setting Up Defaults for
Taxes.
Configuring Taxes for Transactions Part 3: Setting Up Tax Jurisdictions, Tax

Statuses, Tax Recovery Rates, and Tax Rates.

Using the Tax Simulator to Test a Receivables

Transaction
Overview
In this practice, you will use the Tax Simulator to test a Receivables
transaction.
Assumptions
After setting up your tax configuration and verifying the transaction results

through testing, you can enable the applicable tax or taxes for transactions.
The tax determination process uses your tax configuration and the details on
the transaction to determine which taxes apply to the transaction and how to
calculate the tax amount for each tax that applies to the transaction.
You completed your set up and are now ready to test your US sales tax
configuration on a simulated Receivables transaction.
Navigating to the Tax Simulator
Tasks
Enter ‘Manage Simulator Transactions’ in the Name field on the All Task Tab
Click Go to Task.
2. Use the Manage Tax Simulator Transactions page to test your tax configuration with
existing transactions, as well as newly created transactions, without impacting active data.
Entering a Receivables Transaction to Test Your Tax Setup
Tasks


Field Value
Document Event Class Sales invoice
Document Number XX_SIMAR
Evaluate Taxes Enabled for simulation
The application processes all taxes enable for
simulation.

3. Click the Name search icon to enter a bill-to customer.
4. Enter Dixon in the Name field.
6. Select the row with the customer number 59300.
8. Select Dallas in the Site field.
9. Enter line information for line number 1.
10. Enter Hardware in the Line Description field.
11. Enter 3000.00 in the Amount field.
12. Click the Save button.
Viewing Tax Lines
Tasks
1. Click the View Tax Lines button.
2. Use the Tax Line Details page to view additional details about the tax calculation that
applies to a specific detail tax line.
3. Use the header region to view attributes that drive tax determination or tax
calculation.

4. Use the tax line details table to view the calculated tax lines with the corresponding
tax configuration details for each transaction line.
5. Use the Rule Results region to view the processing and evaluation of the rules
associated with a rule type. For each tax rule listed in the tax rules process results table,
you can drill down to the associated rule conditions to view the condition details. For this tax
line no rules were evaluated. The default values for the rule types were used in tax
determination, so no rule conditions are displayed.

Information: For further information about setting up your minimum tax
configuration, refer to the Help Portal to view the demonstrations on:
• Configuring Taxes for Transactions Part 4: Verifying Tax
Configuration.
Configuring Tax Rules Part 2: Verifying Tax Applicability Rules.

Lesson 6: Receivables Reports

The following are demonstrations for Receivables Reports:
• Demonstrate Receivable Related Reports.

Background
Use the Receivables to General Ledger Reconciliation Report to facilitate the
reconciliation of receivables data to the general ledger. Submit the Extract
Reconciliation Data from Receivables to General Ledger process to select data
for the Summary section of the Receivables to General Ledger Reconciliation
Report. This process extracts receivables and general ledger accounting and
transactional data for reconciling receivables to the general ledger.
Activity Scope
• Submit the Extract Reconciliation Data from Receivables process.
• Submit the Receivables to Ledger Reconciliation process.
Submit the Extract Reconciliation Data from Receivables to General Ledger
process:
1. Sign in as Your User.
2. Navigator > More>Tools > Scheduled Processes.
3. Click Schedule New Process.

Search for and Select Name: Prepare Receivables to General Ledger

Reconciliation.

4. Click Ok.
5. Enter or select the following parameters:
• Request Name: XXAR-12-15.
• Ledger: US Primary Ledger.
• Business Unit: US1 Business Unit
• Accounting Period: 12-15.


6. Click Submit.
7. Note your confirmation ID.
8. Click Ok to close the Confirmation window.

9. Click Close to close the Process Details window.
10. Click Refresh to view your process ID with Status Succeeded.

Submit the Receivables to Ledger Reconciliation process from the Receivables

dashboard:
11. Navigator > Receivables > Receivables Balances.
12. Accounting > Receivables to Ledger Reconciliation.
13. Select the following parameters:

• Ledger: US Primary Ledger.
• Business Unit: US1 Business Unit
• Request Name: XXAR-12-15 (this is the extract request name from the prior
steps).
14. Click Apply.

15. View the report results and note the drill-down capabilities.
16. Click the Invoices Receivables Amount link.

17. In the bottom left corner of the page, click Return.
18. Click Done.


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Lesson 1: Order to Cash Overview ..................................................... 2

Demonstrate Vision Corporation Enterprise Structure ...................... 3

Verify Business Unit Business Functions and Ledger, Legal Entity

Demonstrate Users and Role Assignments .................................... 16

Oracle Internal & Oracle Academy Use Only

Lesson 2: Customer Management .................................................. 20

Define Profile Class ........................................................................ 21

Define a Customer .......................................................................... 24

Lesson 3: Process Invoices.............................................................................. 29

Lesson 3: Process Invoices ............................................................ 30

Define a Transaction Type.............................................................. 31

Define a Transaction Source .......................................................... 36

Create a Manual Invoice and Copy from an Existing Invoice.......... 38

Create a Credit Transaction and Apply on an Invoice .................... 41

Create a Debit Memo...................................................................... 46

Create an Invoice with Invoice Rule ............................................... 48

Lesson 4: Process Receipts ............................................................................. 55

Setup Bank, Bank Branches and Bank Accounts ........................... 57

Define Receipt Class and Receipt Source ...................................... 62

Enter a Receipt and Apply to an Invoice ......................................... 65

Reverse a Receipt .......................................................................... 68

Creating the Transmission Configuration........................................ 71

Setting Up Funds Capture for Receivables..................................... 73

Creating a Routing Rule Demonstration ......................................... 76

Create a Manual Refund................................................................. 77

Lesson 5: Configuring Oracle Fusion Tax ...................................................... 85

Lesson 5: Tax Activities .................................................................... 86

Oracle Internal & Oracle Academy Use Only

Lesson 6: Receivables Reports ....................................................................... 95

Lesson 6: Receivables Reports ........................................................ 96

Lesson 1: Order to Cash Overview

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Copyright © 2016, Oracle and/or its affiliates. All rights reserved. 1

Lesson 1: Order to Cash Overview

• Demonstrate Vision Corporation Enterprise Structure

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• Students: FinXX.Student where XX = 01 to 40

2 Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

Demonstrate Vision Corporation Enterprise Structure

• Your company, Vision Corporation, is a multinational conglomerate that operates

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• Your banking organization in the UK provides financing to your customers.

Copyright © 2016, Oracle and/or its affiliates. All rights reserved. 3

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4 Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

1. Log in with the assigned username.

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9. Click Apply and Go to Task button.

Copyright © 2016, Oracle and/or its affiliates. All rights reserved. 5

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US Primary Ledger has been selected as the Selected Scope: Primary

6 Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

Verify Legal Entity Assignment:

14.Click Go to Task for the Assign Legal Entities task.

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16.Click the Cancel button.