Invoice and Receipt in AR

[venkat_mel]

Hi,

1. How the invoices are related to receipts in AR?

2. What is the technical flow of transfer of AR to GL?

Can anyone explain me?


Thanks,
venkat

[anu_uma]

Hi,

Whenever you get a Receipt from a Customer , the same is adjusted to the invoice of the Customer......

Transfer to GL, will transfer the transactions and Receipt details of AR To GL .....

Based on the Sources and Categories, we can classify the same Journals details in GL.

[remideeps]

Let me explain the flow in AR i.e. INVOICE to RECEIPT to Posting in GL

Usually receipts are created on basis of the invoices generated in AR.So the receipts need to be applied to the invoices.Once when the receipt has been generated in AR, U need to transfer the entries to GL interface tables.GL transfer program helps u in this.Once the entries are populated in the interface tables the journals need to be imported from interface table to GL.And then the journals need to be posted in GL.
So the flow would be like this

1) Create invoice and send it to customer.
2)Receive the payment and create receipt
3) Apply the receipt against corresponding invoices
4) Receivables Transfer to GL program
5) Journal Import
6) Posting to GL.

hope I could clear ur doubts
Thanks
Remi