WHAT IS CLEARANCE METHOD IN AR ?

[mstapps]

PLS EXPLAINE

WHAT IS CLEARNCE METHOD IN AR

THANKS
MST

[k_amjad]

pls explaine me what clearance method in ar

this is usefull for me

thanks and regards
amjad

[oteixeira]

Hello.

Clearance apllies to Receipt Classes (Payment Methods) and can be:
<b>Directly:</b> Choose this method if you do not expect the receipts to be remitted to the bank and subsequently cleared. These receipts will be assumed to be cleared at the time of receipt entry and will require no further processing. Choosing this method is the same as setting Require Bank Clearance to No in previous releases of Receivables.

<b>By Automatic Clearing:</b> Choose this method to clear receipts using the Automatic Clearing program. See: Automatic Clearing for Receipts. (Receipts using this method can also be cleared in Oracle Cash Management.)

<b>By Matching:</b> Choose this method if you want to clear your receipts manually in Oracle Cash Management.

Octavio

[kishorey.ca]

In short, It is the way in which the receipt is accounted is for .

[mstapps]

thanks Octavio

mst