Oracle Receivables – AR Setup Checklist that requires for transaction processing

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The below given are the common AR setup to be done in Oracle Apps –  Oracle Receivables for the transaction processing.

Oracle Receivable Setup Description
Required ?
Define Sets Of BooksYes
Use The Account GeneratorYes
Define System Item Flexfields StructureYes
Define OrganizationsYes
Define Territory FlexfieldNo
Define Sales Tax Location Flexfields structureYes
Setup Flexible Address FormatsNo
Maintain Countries & TerritoriesNo
Define the Transaction Flexfield StructureNo
Define AutoCash Rule SetsNo
Define QuickCodesNo
Define AutoInvoice Line Ordering RulesNo
Define AutoInvoice Grouping RulesNo
Define System OptionsYes
Define Payment TermsYes
Define Accounting RulesNo
Maintain Accounting PeriodsYes
Define AutoAccountingYes
SetUpCash Basis AccountingNo
Define Transaction TypesYes
Define Transaction SourcesYes
Define CollectorsYes
Define Adjustments Approval LimitsYes
Define remittance BanksYes
Define distribution setsNo
Define receivable activitiesYes
Define receipts classesYes
Define Payment MethodsYes
Define Receipts SourcesYes
Define aging bucketsNo
Define Statement cyclesNo
Define Statement messagesNo
Define dunning lettersNo
Define dunning letters SetsNo
Define TerritoriesNo
Define Sales personsYes
Define Profile optionsYes
Define tax codes and rateYes
Define customer profile classesYes
Define CustomerYes
Define remit to addressYes
Define customer relationshipNo
Define Customer banksNo
Define Lock BoxesNo
Define the transmission formatsNo
Define receipt programmesNo
Define UOM ClassesNo
Define UOMYes
Define Standard memo linesNo
Define Item tax rate exceptionsNo
Define tax exemptionsNo
Define document sequencesNo