ERPstuff - Oracle EBS Community

1-When we have entered the <span id='hl' style='background-color: yellow'>guarantee</span id='hl'> in the transaction workbench , how we will <span id='hl' style='background-color: yellow'>set it off with the invoices so that how much amount of guarantee left </span id='hl'>
2-if we have many <span id='hl' style='background-color: yellow'>deposits against a customer </span id='hl'> how can we <span id='hl' style='background-color: yellow'>adjust it all in one invoice Because in action window we can only apply one deposit</span id='hl'>
3-in the transaction workbench, invoicing rule, with two options is given i-e
<span id='hl' style='background-color: yellow'>Invoice in advance
Invoice in arrears</span id='hl'>
If I am not wrong invoice in advance means to recognize immediately or in the same accounting period whereas invoice in arrears means to recognize it periods to periods.<span id='hl' style='background-color: yellow'>How we will set this and if we don?t give any then what does it reflect</span id='hl'>
4-how to <span id='hl' style='background-color: yellow'>apply on-account credit to future invoices </span id='hl'> of the customer

hi
thanks for your mail,
regarding revenue recognition,you require accounting rules to distribute revenue periodically,
you require invoicing rules to record invoice whether you receive in advance or in arrears.
if you enable deferred check box,it attracts in advance invoice rule.
steps
1)Generate a transaction and select invoicing rule in the transaction
2)go to line items and select accounting rules and complete the transaction.
3)run revenue recognition program to get accounting entries and then transfer to gl
regards
rao
senior functional consultant
chennai
india
india

hi
regarding your second query,if the deposit amount is more than invoice you can apply deposit to more than one invoice.
deposit is invoice specific.
rao
chennai
india

hi
regarding your first query ,say gaurantee is for rs 12000
entry wil be
unbilled recevables dr 12000
to unearned revenue 12000
-------------------------------------
if sales order is placed against the guarantee entry is say for rs 5000
receivables dr 5000
to revenue 5000
--------------------------------
for the balance in guarantee ie rs 7000
unearned revenue dr 7000
to unbilled revenue 7000
so the balance in unearned revenue is 7000
rao
chennai
india

hi
regarding bill in advance,say the project is for 4 months and the amount is 100000.
you receive the entire amount in advance say nov-07,and accrue revenue ie recognise for nov,dec,jan,feb.
in case of arrears you accrue it in nov,dec,jan,feb say 25000,each month and finally record 100000 in feb.
hope this wil help you
regards
rao

hi
regarding onaccount credit,you click apply in receipts window and pick onaccount to apply to the future invoices of the customer
rao
chennai
india

thanks anusha let me go through this then i will let u know
once again thanks alot

If I have 4 deposits totaling 100 and I have one invoice of 93 now how can I apply these 4 deposits to a solely lonely 1 invoice
I understand what u means to say in replying to my first query but from where in the system can I know this that how much amount of guarantee is left?. And how in the system the invoice will knock off the guarantee. plz elaborate not by making accounting enteries but in the application functions