Receivable activities in AR

[srinum_mba]

hi
what is receivable activity and its purpose? give me example.
thank u

[sujatha]

[quote]hi
what is receivable activity and its purpose? give me example.
thank u

<i><div align="right">Originally posted by srinum_mba

[srinum_mba]

thank u sujatha,
but can't we define these accounts in GL or else autoaccounting feature in AR.

[Velumuthu]

Srinivas,

Auto Accounting will not work for Receivable Activities.Customer related transactions like Adjustments has to be recorded only in AR.

Regards,
Velumuthu.S

[srinum_mba]

thank u
u mean to say that receivable activities are used only for defaulting the accounting information with regard to customer related adjustments.

[kommineni7]

Hi srinivas,
For Regular transactions and reciepts in AR ( Invoice, charge backs, memo type of transactions etc) - Auto accounting will be used to pick up segment values based on business requirement.

But other than regular transactions, we have to enter some mis. transaction like
finance charges, investment income received, adjustment.
for these type of mis. transactions, we have to define receivables activity to pick up accounting values.

[Velumuthu]

Srini,

Receivable Activites is not restricted to Customer Adjustments alone.Suppose your Bank Statement is showing a Debit towards Bank Charges or your Organization has Interest Income or you have given loan to your employee.These are all non Customer related transactions meaning you dont raise invoice.Such transactions can be recorded thru Receivable Activities.

Hope this explanition helps.

Regards,
Velumuthu.S

[srinum_mba]

thnks for your valuable replies.
srinivas