automatic receipt

[srinum_mba]

hi
what is automaic receipt in AR, how it is generated and applied to transaction?
thank u
srinivas

[muthu]

hai srinivas,

ATUTOMATIC RECEIPTS ARE APPLIED TO THE TRANSACTIONS AUTOMATICALLY, WITHOUT MANUAL REMITTANCE,

PRE REQUISITES

CUTOMER BANK
CUTOMER BUSINESS PURPOSE AS DRAWEE
AUTOMATIC SEQUENCE NUMBERING IN GENERAL LEDGER
AUTOMATIC RECEIPT CLASS
RECEIPT SOURCE
REMITTENCE METHOD AS STANDARD AND FACTORING

[asdongre]

Dear Muthu
I have selected 'Remittances' from Receipts menu. Out of the options suggested by you I am having the following details
Customer Bank,
Remittance Method

In Receipt Class there are no values.
Now my question is
1) Where to get the values for
CUTOMER BUSINESS PURPOSE AS DRAWEE
AUTOMATIC RECEIPT CLASS
RECEIPT SOURCE

2) There are 2 option at the bottom i.e. Auto Create and Manual Create can you please expalin the meaning of the same ?