Wednesday, September 20, 2017

Workaround for Maintain Transaction Class Deposit in Fusion Receivables

As we know there are no transaction class deposit in Fusion Receivables.

According to this Doc ID:


  1. Is There An AR Transaction Class = Deposit And AR Transaction Type = Commitment In Fusion Receivables ? (Doc ID 2052222.1)
  2. What are the Workarounds for Customer Deposits and Bank Guarantees in Fusion? (Doc ID 1675045.1)
  3. Oracle Fusion Receivables: Transactions Workbench Issue: Cannot create Deposits/Guarantees (Doc ID 1313616.1)
Detail below:

Doc ID 2052222.1

APPLIES TO:

Oracle Fusion Receivables Cloud Service - Version 11.1.9.2.0 and later
Information in this document applies to any platform.

GOAL

Is there an AR transaction class = Deposit and AR transaction type = Commitment in Fusion Receivables ?
 

SOLUTION

No, there is nothing like that in Fusion. For deposit use receipts
 

REFERENCES


Doc ID 1675045.1

What are the workarounds for deposits and guarantee transactions in Fusion Applications?
 

SOLUTION

Possible workaround - For Customer Deposits:
===================================

For Customer Deposits when you receive an amount from your customer which needs to be tracked against the subsequent invoices or kept open . The amount held under this document is considered in calculating the customers outstanding balance.

1) On receipt of a deposit from your customer - Create a Receipt ( may be
 use a separate receipt method to be able to track such receipts).

2) Apply the invoices raised to such receipt to have the effect of squaring off the deposit amount against the invoice . (In EBS you would have raised the invoices against the deposit)

There is no known workaround for bank guarantees.

An enhancement request has been logged.
 
Bug 13920845 FUSION RECEIVABLES NEED DOCUMENT TYPES FOR CUSTOMER DEPOSITS , BANK GUARANTEES

REFERENCES

NOTE:1313616.1 - Oracle Fusion Receivables: Transactions Workbench Issue: Cannot create Deposits/Guarantees

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