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Implementing Cloud Financials: From Empty Pod to Go-Live · Module 9 · Receivables

Receivables activities and adjustments

Lesson 94 of 153 · 10 min

Create receivables activities for write-off, bank charges and a miscellaneous receipt, and set the accounting for each. Process a small write-off with approval limits. Enter a miscellaneous receipt — bank interest received. And look at the approval limits configuration for adjustments. Write-off approval limits are a control, not an inconvenience. Set them with the controller, and set them at a number that means something: a limit high enough that nobody ever hits it is a control in name only. Miscellaneous receipts are how non-customer cash enters Receivables — bank interest, refunds, anything that arrives in the bank account with no invoice behind it. Every client needs at least one and few are ever shown it, which is why their bank reconciliation carries a permanent tail of unexplained credits.

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In this module: Module 9 · Receivables

  1. 1The order-to-cash picture
  2. 2System options
  3. 3Transaction types and sources
  4. 4AutoAccountingFree preview
  5. 5The customer model
  6. 6Creating customers
  7. 7Receipt classes, methods and remittance
  8. 8Receivables activities and adjustments
  9. 9End to end: invoice to cash
  10. 10What breaks
  11. 11Lab: full order-to-cash