AR Receipts Tutorial-1 by Pranay Tiwari

Once transactions created for the customer and its next step will be creating receipts.

Receipts will be created only after customer pays amount against the transactions. Its not mandatory to pay full amount of transaction to create receipts ,Even with partial payments receipts can be generated.

In simple terms we can refer this terms in below methodology.

Transactions: Invoice/Bill

Receipts: Payment Receipts. 

Now will see how to create receipts and how to apply transaction over to it?

Before proceeding with the receipt creation there are certain Prerequisite setups which are mandatory in Receipt generation .

Here is the set up to create Receipt Classes to create Receipts in Oracle

Navigation :   Receivables Manager àSetup àReceipt Classes

Go to Receipt Class query it and add your Receipt Method Name  for example check below receipt name has been added as TEST RECEIPT CLASS .After adding the receipt method , Click on Bank Accounts 

Once you click on Bank Accounts , one form will open seeking for Bank Name and its Account details . Fill the information with relevant data 

These are prerequisite setups required to create receipts. Where as Receipt Creation has been covered in another tutorial.