AP/AR Netting off

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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Muhammad Shah
Posts: 40
Joined: Mon Jan 22, 2007 7:47 am
Location: Saudi Arabia

AP/AR Netting off

Post by Muhammad Shah »

Hi Gurus,

I'm working in R12.0.4, OS=Linux x86 Ver=AS4.

Please tell me how AP/AR neting off be setup both in AP and AR.
I need setup steps.

My Regards.

Muhammad Shah
admin
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Post by admin »

Muhammad Shah
Posts: 40
Joined: Mon Jan 22, 2007 7:47 am
Location: Saudi Arabia

Post by Muhammad Shah »

Dear Admin,

Thanks for the prompt reply. It resolved my Issue

My Heartiest Regards,

Muhammad Shah
ramaraomovva
Posts: 13
Joined: Mon Jun 25, 2007 4:38 am
Location: India

Post by ramaraomovva »

You can access the process via:

* Navigation: Receipts > Netting > Netting Batch
* Navigation: Receipts > Netting > Netting Agreement
* Receipts > Receipts > Action Menu : AP/AR Netting
After Querying a netted receipt, the user can see more details about the batch by selecting AP/AR Netting from the Action menu. This launches the AP/AR Netting batch window. Netted Receipts are created automatically by the AP/AR Netting process and cannot be updated by the user from the Receipts Workbench

As we have seen Contra charging has been replaced by AP/AR Netting, lets take a setup walk though to use this functionality.

1.Define netting control account

Setup>Financials>Flex field>key>values

2.Create bank

Setup>payment>Bank and Bank Branches

You should note ,Payment document is not required for netting bank account.

3.Go to receivables responsibility, receipt class definition form

Setup>Receipts>Receipt class

Query the ?AP/AR Netting? receipt class which is a seeded one.

netting

4. Attach your bank account in this receipt class.

5.Go to system options, transaction and customer tabbed region, there enable ?Allow payment of Unrelated Transactions?check box

2-1

6. Create netting agreement

Receipts>Netting>Netting Agreement

3

7. Enter an Invoice in Payables, validate and run create accounting.

8. Enter a transaction in receivables.

9. Create Netting Batch

Receipts >Netting >Netting Batch

4-1

10. Query your netting batch and see the status as Complete. also click on view report icon on right side.click on run push button, you can see the final netting report.

11.Go to view>request>find

You can see 3 concurrent request programs

* Create Netting batch
* Settle netting batch
* Netting Data Extract

12.Now go to receipts and query the AP/AR netting receipt.

13.Now Go to Tools >view Accounting, you can see Netting control account (defined in first step a) debited and receivable account credited.

14. Now go to payables and query your invoice number and click the tab view payments. You can see the payment details and copy the document number.

15.Query your copied payment document number.What you can see the payment type as Netting .

16.Click actions button and enable the check box create accounting .

17.Go to tools>view accounting .You can see the accounting entry
Muhammad Shah
Posts: 40
Joined: Mon Jan 22, 2007 7:47 am
Location: Saudi Arabia

Post by Muhammad Shah »

Dear Ramaraomovva,

Thanks for a comprihensive reply.
Can u please tell me how shall I connect The Supplier and Customer for netting? Further I'm trying to create the netting agreement but the AP/AR Netting Batch doesn't show my created netting off bank a/c.

Thanks
Muhammad
rajasekhar_mutyala
Posts: 20
Joined: Fri Apr 20, 2007 1:37 am
Location: India

Post by rajasekhar_mutyala »

hello muhammed

Refer sanjitanand.com. there sanjit has explained
with screen shots which is very easy to understand.

rajasekhar
Muhammad Shah
Posts: 40
Joined: Mon Jan 22, 2007 7:47 am
Location: Saudi Arabia

Post by Muhammad Shah »

Dear Raj,

Thanks for your advice I've studied it. But now I'm facing an Issue that on netting agreement form, the when I try to attach my AP/AR netting Bank, The LOV on that field doesn't show me my bank account. Tell me why is it behaving like that?

Thanks,
Muhammad Shah
Velumuthu
Posts: 20
Joined: Sun Jul 08, 2007 4:13 am
Location: India

Post by Velumuthu »

Hi,

Use Customer Set of Pages in AR to create Party Relationship between Customer and Supplier.

Regards,
Velumuthu.S
Muhammad Shah
Posts: 40
Joined: Mon Jan 22, 2007 7:47 am
Location: Saudi Arabia

Post by Muhammad Shah »

Would u please explain a little more abt the suggested solution.
How can I "Use Customer Set of Pages in AR to create Party Relationship between Customers and Supplier"

thanks
Muhammad shah
inoatg
Posts: 1
Joined: Wed Jan 18, 2023 5:36 am

Re: AP/AR Netting off

Post by inoatg »

While Create Netting batch the status is giving "Error". and the AR transaction is not picked automatically.
Plz do comment I shall be very Thankful.
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