Skip to main content

Aging Reports in Oracle Apps Receivables - Quick Overview


AGING REPORTS IN ORACLE APPS RECEIVABLES - QUICK OVERVIEW

OVERVIEW

Aging reports are used to review information about your open items so as to know how much funds have been held up and with whom. Aging reports display the customers who have outstanding balances and the amount each customer owes us which also helps to expedite the collection process.  Receivables aging reports Do Not include customers with a zero outstanding balance.
These reports can print both detail and summary information about your customer’s current and past due invoices, debit memos, and charge backs.  Receivables also gives the option to see credit memos, on–account credits, unidentified payments, and on–account and unapplied cash amounts.
As mentioned above, Oracle Receivables ages the transactions according to due date. The aging reports however select transactions according to gl date. 
Receivables aging reports includes all open items whose gl_date is before or the same as the “as of date” entered, and whose gl_date_closed is after the “as of date”. The default value for “as of date” is the current date.


 CATEGORIES OF AGING REPORTS 

Receivables aging reports are categorized as follows:
  • Aging – By Account
  • Aging – By Amount
  • Aging – By Collector
  • Aging – By Salesperson 


 REPORT PARAMETERS FOR AGING REPORTS 

Aging Bucket Name:  
Specify the bucket set from which the report information needs to be printed. The default bucket set is 'Standard'.
As of Date:
Specify the date as of which the transactions need to be aged. Receivables includes all open items whose GL date is before or the same as this date. The default is the current date.
Order By:
The option you want Receivables to use to sort your information. For example, you can sort by:
·        Customer Name (Aging - 4 and 7 Bucket reports)
·         Transaction Type (Aging - 4 and 7 Bucket reports)
·        Balance Due (only for 7 Buckets - By Amount report)
·        Salesperson (only for 7 Buckets - By Salesperson report)
Report Format:
The “Brief” format prints customer name and customer number with item information while the “Detailed” format prints address and contact addressas well.
Report Summary:
The “Invoice Summary” option prints information on all customers' debit items.
The “Customer Summary” option prints customers' names with their total debit item balances.
Show on Account:
Specify whether to print credit items for your customers.
·        Do Not Show: Receivables does not display any of your identified or unidentified payments, or on-account credit memos.
·        Age: Receivables ages your credit items and includes the credit amounts in the appropriate aging bucket columns.
·        Summarize: Receivables displays the sum of your credit items in the Customer Credit Memos, Customer Payments, and the Customer Balance rows. This is the default option.
Show Receipts at Risk:
Receipts at Risk are receipts that have either not been cleared or factored receipts that have not been risk eliminated. Select one of the following values for your report:
·        Age:- Include receipts at risk in this report. Receivables displays the receipts at risk with other open receipts in the appropriate bucket and includes them when determining the customer's balance.
·        Summarize:- Receivables displays the sum of your receipts at risk in the Customer Credit Memos, Customer Payments, and the Customer Balance rows.
Do Not Show :- Receipts at risk will not be included in this report. This value is used as the default.
Labels:

Comments

Post a Comment

Popular posts from this blog

O2C Cycle with Accounting Entries

  ORDER    TO  CASH  PARTICULARS  DR  CR SPL NOTES ACCOUNT IS PULLED FROM Sales order entry No Accounting Sales Order Pick From Sub Inventory A/c 100 At Standard Cost Sub-inventory Material A/c Setup To Sub Inventory A/c 100 At Standard Cost(Staging) Sub-inventory Material A/c Setup Sales Order Issue COGS 100 It can be fetched from five places Master Item/Org/Order Type/Line Type/Shipping Params To Sub Inventory A/c 100 At Standard Cost Sub-inventory Material A/c Setup Transaction level Receivable A/c 120 Auto Accounting Tax A/c 10 Auto Accounting Freight A/c 10 Auto Accounting Revenue A/c 100 Auto Accounting Receipts Receipts with no remittance method Cash 100 Before application of the receipt Receipt class Unapplied A/c 100 Receipt class Unapplied A/c 100 After application of the receipt to the transaction Receipt class Receivables A/c 100 Receipt class Cash A/c 100 Receipt class Unidentified A/c 100 In case of receipt without customer...
Post a Comment
Read more

Number to Word conversion in RTF

<?xdofx: expression ?> for extended SQL functions <?xdoxslt: expression ?> for extended XSL functions. You cannot mix xdofx statements with XSL expressions in the same context This function enables the conversion of numbers to words for RTF template output. This is a common requirement for check printing. The new function is “to_check_number”. The syntax of this function is <?xdofx:to_check_number(amount, precisionOrCurrency, caseType, decimalStyle)?> The following table describes the function attributes:   Attribute Description Valid Value amount The number to be transformed. Any number precisionOrCurrency For this attribute you can specify either the precision, which is the number of digits after the decimal point; or the currency code, which will govern the number of digits after the decimal point. The currency code does not generate a currency symbol in the output. An integer, such as 2; or a currency code, such as ‘USD’. caseType The case type of th...
Post a Comment
Read more

Oracle Fusion Cloud: Supplier Import Process using File Based Data Import (FBDI)

 Supplier Data Migration or Upload to Oracle Fusion environment File-Based Data Import for Oracle Procurement Cloud Supplier import in oracle fusion   In this post , We will discuss about Supplier import in oracle fusion. Oracle has provided the FBDI tool to import suppliers from External  Source  to the Oracle fusion. Supplier Import in Oracle fusion we first need to  Download  the Supplier Import FDBI  templates  given by the Oracle fusion to import suppliers. Oracle has given 5 Different FBDI templates to Import supplier in Fusion. Here in this post , I will share the Complete steps for Supplier import in oracle fusion. You can refer this post for Supplier Import.   Steps for Supplier import in oracle fusion     Step1- First we need to download Supplier Data  Template  from Oracle Repository. Go to this path for Oracle Repository. ( select Based on your Cloud version) https://docs.oracle.com/en/...
Post a Comment
Read more