ERPstuff - Oracle EBS Community

Hi,

I want to know the important accounting entries with respect to AR, so as to undestand the setups. A quick reply would be useful.

Thanks

What exactly are you looking at...

Can you be little specific.. There are many accounting entires depending upon the accounting event in AR

Anurag

Priyaa,

When you raise an Invoice

DR Receivables

CR Revenue
CR Tax

When you receive payment from a Customer


DR Confirmation

CR Receivables


DR Remittance

CR Confirmation

DR Bank

CR Remittance


When you raise a Credit Memo

DR Revenue

CR Receivables

These are the basic accounting entries created in AR.But few more accounting entries will be recorded for Bills in Arrears & Bills in Advance.

Regards,
Velumuthu.S

Further , the accounting entries for Bills in Arrears and Advance are as under :

If you enter an invoice with a Bill in Arrears invoicing rule, Receivables creates the following journal entry:
In the first period of Rule:
DR Unbilled Receivables
CR Revenue
In all periods of Rule, for the portion that is recognized:
DR Receivables
CR Unbilled Receivables
CR Tax (if you charge tax)
CR Freight (if you charge freight)

If you enter an invoice with a Bill in Advance invoicing rule, Receivables creates the following journal entries.

In the first period of the rule:
DR Receivables
CR Unearned Revenue
CR Tax (if you charge tax)
CR Freight (if you charge freight)

In all periods of the rule for the portion that is recognized.
DR Unearned Revenue
CR Revenue

Regards
Dhananjay

Folks,
Please excuse me asking this very basic question as I am new to financial functional side. If I ask in layman terms, Where can I check these entries e.g. If I create Invoice/Credit memo where to go and confirm correct entries. Once I receive payment where to look for new entries.
Could you suggest where can I see complete history of accounting entries of invoice/credit memo ?


Cheers
Dinesh

[quote]Folks,
Please excuse me asking this very basic question as I am new to financial functional side. If I ask in layman terms, Where can I check these entries e.g. If I create Invoice/Credit memo where to go and confirm correct entries. Once I receive payment where to look for new entries.
Could you suggest where can I see complete history of accounting entries of invoice/credit memo ?


Cheers
Dinesh


Hi,

U can view the accounting entries in Tools>View accounting by querying the particular transaction after completion.


regards,
geefin
<i><div align="right">Originally posted by Dinesh

Thanks Mr Velumuthu and Dhananjay.. in addition the bills in arrears and advance were very helpful.

Dear Admin

Can Anybody say the accounting entries which generated in

Order to Cash cycle?

Please give the reply ASAP

Thanks
Surya