Distribution Sets in AR

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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dvsprao108
Posts: 76
Joined: Fri Aug 01, 2008 4:55 am
Location: India

Distribution Sets in AR

Post by dvsprao108 »

Hi Friends,

Can any one explain me about the Distribution sets concept in AR and how it will impact with AR Invoices?

Thanks in advance.

Prakash
AmanKhan
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Location: Pakistan

Post by AmanKhan »

oteixeira
Posts: 451
Joined: Wed Aug 27, 2008 12:34 pm
Location: Portugal

Post by oteixeira »

Hello.
Distribution Sets in AR do not have anything to do with AR invoices.
Define distribution sets to account for your non-invoice related receipts. These receipts can include refunds, revenue from the sale of stock, as well as interest and investment income. Receipts that are not related to an invoice are known as miscellaneous receipts in Receivables.
Distribution sets are predefined groups of general ledger accounting codes that determine the credit accounts for positive miscellaneous receipt amounts and the debit accounts for negative receipt amounts. Distribution sets also let you speed your receivables accounting by reducing time spent on data entry. You can also use distribution sets to apply percentages of other receipts to different accounts

Hope this helps.
Octavio
dvsprao108
Posts: 76
Joined: Fri Aug 01, 2008 4:55 am
Location: India

Post by dvsprao108 »

Hi Octavio,

Thanks a lot for your information.

Regards,
Prakash
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