INFORMATION OF BAD DEBTS IN ORACLE RECEIVABLE R12- ORACLE FUSION FINANCIALS

Oracle Fusion Financials offers a liberal reporting platform that's built on high of AN analytic knowledge model. Individual -step posting of the transactions to the examine knowledge to model the tsores consistent, timely, and correct data for each management and the external reporting. All the information removes an equal knowledge supply and support drill-downs to amount the supply group action. Other users can easily make their own ad-hoc transaction information using predefined the business views that use common business language specifically planned for the non technical users to understand. It is a part of the Oracle Fusion Applications, Oracle Fusion SCM Training which are entirely open, standards-based enterprise for applications that can be straightforwardly collective into the service-oriented planning.

 If a client transaction is unsettled for the longest time and he does not have any sign as to if the client is going to get wages or not, we cannot clue the client and now we want to write-off the transaction. This is known as the Bad Debts. As per the Oracle Receivable’s normal functionality: There is no such time in the Receivables as for the Bad Debts. Receivables recommend that we “adjust” the particular transaction. Adjustments are the type of the write off that will report our Bad Debt scenario. 

Setup Steps: 

 It Mark a Receivables Activity with the Adjustment type, adjustment explains as the receivable activity because it has varieties offs the outstanding of the balance of the customer. 

Allocate the Support Limit of the customer to write off the amounts. Visibly, we cannot let someone just write off the outstanding balance so we have to explain the user’s limit. 

Transaction Steps: 

1. Information the transaction to write off 

2. Regulate the transaction 

 They are some information for the Setups: 

 Making a Receivables Activity: 

• Allocate the Approval Limits: 

• Navigation: AR>Setup>Transaction>Approval Limits 

• Information about the User Name

• Choice the Document Type as an Adjustment 

• Enter the Currency, in situation of different currencies, are used 

• Enter the Form of Amount. This cost should be in the negative, as the adjustment price will be negative of the bill amount. 

• Enter the To Amount. 

• It sends the Primary Check box if uncheck as it does not go to the information. 

• The more Tabbed region also does not inform to the adjustments. 

• It Saves the Assist Limit 

• With this Bad debt or the Transaction, Write-Off is ready to work.

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