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| Re: Oracle Financials Query [message #176450 is a reply to message #176356] |
Thu, 08 June 2006 06:12  |
shashidhar.k
Messages: 127
Registered: January 2006
Location: India
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Senior Member |
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Hi...
In AR .. if u want to raise any transaction which belongs to diff accounting period then u can apply rules called "Invoice with Rules". There are 2 types rules...
I) Invoicing Rules :
Invoicing Rules determine when to recognize the Receivables amount for transaction.U can assign this rules manually entered invoices or invoices imported in AR through Auto invoice Program.
Again there are 2 types ..
A)Bills in Arrears :- the rule is assigned to recongnize receivables at the the end of revenue recognition schedule.If the transaction revenue amount is recognized over a number of periods , the revenuce amount recognized per period will be offset bye the "UNBILLED RECEIVABLES ACCOUNT".
B)Bills in Advance :- This rule is assigned to recognize receivalbels as soon as an invoice is generated.
if the Transction revenuce amount is recognized over a number of periods, then the total revenue amount for the transction will be charged to the receivables account and the "UNEARNED REVENUE ACCOUNT".
II)Accounting Rules :
Accounting Rules determine when to recognize the Revenue amount for transaction i.e. wht portion of the amount should recognized for transction.
Here also 2 types..
A) Fixed Duration :- The fixed duration accounting rule covers a fixed number fo periosds.
B) Variable Duration :- The variable duration accounting rule covers a variable number of periods tht are specified when the transaction is entered.
To apply the rules..
For "Invoice Rules " --Navigation ....Account Receviables -> Transactions--> Transactions.
Open the Transcation window go to "More" tab and select "Invoice Rules"..
For "Accounting Relues".. same navigation but line level go to "Rules"and enter Accounting Rule..
Thanks
shashidhar K
[Updated on: Thu, 08 June 2006 06:15] Report message to a moderator |
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