Diff b/w standard and quick customer entry???

[kv040]

1) What is the difference between quick and standard customer entry in AR?
Both methods have the same fields like business purpose etc etc..

2) What does bank account tab represent during customer entry in AR, is it the customer account or type of account?

3) How do we generate invoice from AR module, is it through autoinvoice?

4) Also pls explain the complete flow of AR module.

Please reply asap.
thanks,
kv

[AmanKhan]

HI KV

<b>1. Differences b/w Standard & Quick Customer Entry:</b>

In Quick Entry: Use a check box to assign business purposes quickly to an address.

In Standard : Bill-to and Ship-to can be linked,Identify business purpose as primary,Location code can be named, Ability to update Business Purpose
Tabs etc.

<b>2. Customer bank Account</b>

In Receivables, use the Banks window to define your internal banks, which you use for receipts, and external banks, which are your customers? banks with which you do business. These customer bank accounts are used for automatic receipts.
You can assign bank accounts to customer accounts to allow funds to be
automatically transferred from these accounts to your remittance bank
accounts when using Automatic Receipts.



<b>3. Generate Invoice In AR</b>
Manual: Enter transactions manually
Autoinvoice : The AutoInvoice process imports large numbers of transactions from Oracle or non-Oracle systems.



<b>4. Flow of AR</b>
Transactions (Manual/AutoInvoice) --> Review and Correct Data --> Print and Send Invoices -->Collect Payments --> Enter Receipts --> Transfer to General Ledger



rgds,

Aman

[Murthyoracle]

Hi KV,

There are no Changes for above answers of 3 points and 4th points the flow the AR is :

In Receivables there are 4 work benches. Invoice workbench, Receipt Work bench, Cutomer work bench and Bills Receivable Work benc.

Mandatory Steps:

1. Select KFFs.
2. System Options.
3. Creation of Banks ( Internal, Cutomer)
4. payment Terms.
5. Statement Cycles( Dunning Letter ) ( Please go through)
6. Creation Collector
7. Customer Profile Class.( Collector will be attached)
8. Creation Cutomer ( Profile class will be attached)
9. Transaction Class ( Invoice Types)
10. Invoice Source.
11. Payment Method ( will be defined in Receipt Class and this will be attached in Customer site in Payment tab for Auto receipt process)
12 Receivable Activites ( with Earned discount and un earned discount for Bank Option in Receipt Class)
12. Receipt Class
13 Receipt Sources
14 Remittance.
15. Clearing in Cash Management
16 Transfer to GL

Option Setup as far as my knowledge.

1. Application rule set
2. Auto Cash rule set.

some more i dont remember.

This will be help you to the some extent. If any wrong please navigate me.

Thanks
Murthyoracle.

[kv040]

Thanks to MurthyOracle and Aman.
Thanks a lot!!!