AR transactions in Oracle Cloud Financials

Oracle Cloud Receivables

Oracle Receivables provides integrated functionality to perform day-to-day accounts receivable operations. Receivables functionality is managed from these Overview work areas: Billing, Receivables Balances, Revenue Management, and Credit Management.

All work areas provide access to general ledger account activities, including creating accounting, creating manual journal entries, and reviewing journal entries.

How to Create AR Transactions in Oracle Cloud

  • Here we will discuss how we can create AR Transaction in Oracle Cloud Receivables. We will share you the complete steps for that.

Step 1:-

Navigate to the Create Transaction.

Navigator–>Receivables>Billing–>Tasks/ Transactions/ Create Transactions.

Create transaction

Step 2: –

  • In the general information section of the window, select the Transaction Class and the Business Unit for the transaction.
  • In the General Information Section entered the below mandatory Information.
  • Transaction Source, Transaction Type, Transaction Date, Accounting Date and Functional Currency details can be entered.
  • Enter a customer in the Ship To (optional) and Bill To fields on the Customer tab and Location.  The Ship To and Bill To sites will default.

Choose the Payment Terms.

  • The Payment due date will be calculated and appears beside the Payment Terms drop-down menu.
Create transaction invoice

Step 3:-

  • Navigate to the line items section of the window and enter Description or a Memo Line, Quantity and Price. 
invoice lines

Once Save the Transactions, “Actions” button will get on the invoice Screen and Transaction Number.

Step 4:- 

To review/ modify the distributions

  • To review/ modify the distributions, click actions and select edit distributions.

                          Actions/ Edit Distribution

modify the distribution

Step 5:- 

  • Complete transaction Click on Complete and Review as below.
complete transaction

Step 6:- 

  • Create Accounting for the Invoice. This will be active once you will save the Transactions complete information.
post to ledger

These are the steps to create AR Transaction in Oracle Cloud Receivables.

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Dear Default Value,

Welcome to SOAIS Newsletter of September 2021!

Continuous Testing with Remote Execution
The speed of innovation continues to increase, driving rapid and relentless change for today’s ever-evolving IT landscapes, creating greater risk as IT and business teams scramble to ensure timely delivery. How can your organization keep pace? Test more, worry less. With Worksoft’s Connective Automation Platform, you can easily build and maintain automated tests, accelerating testing time without losing scope or volume. You can schedule and execute remote, continuous tests to intercept defects sooner and prioritize remediation - without sacrificing your nights and weekends. Explore how continuous test automation and remote execution can empower your organization.

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SOAIS Blog – Nuts and bolts of Certify Database Maintenance​

One of the key thing, which is often missed by the organizations, who have invested in using Worksoft Certify for automating their Business Process Validation initiatives, is implementing a Database Maintenance Plan. While the business and the test automation consultants get excited about the shiny new thing that they have got and start building the regression suite; planning and executing a database maintenance plan for most of the customers gets pushed down the priority list. However, since all the test assets in Certify are stored in a Database, a robust database maintenance plan is very important to maintain smooth operation of Certify with acceptable performance criteria. The customers usually start facing issues once they have built significant number of Certify processes which they have started executing on regular basis. Such executions add a lot of data to the tables storing results data and increase the overall size of the Certify database.

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Worksoft Blog – Process Intelligence: A Multi-Dimensional Approach

The ability to extract process knowledge has become easier through the years. Technology has evolved to the point where we can deploy capabilities that connect at multiple levels to extract different types of process insight. In the past, organizations were forced to spend enormous energy extracting data manually from different applications and databases. Then, they would have to use things like spreadsheets to transform the data and convert it into meaningful information. 

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