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Auto lock box
Posted: Mon Sep 28, 2009 7:40 am
by nrao1981
hello,
in receivables 11i , how to define Auto lock box. I know that using auto lockbox we can create receipt in oracle receivables. but i dont know the steps to define that. can anyone send me steps with sceen shots pls
thanks in advance
Posted: Tue Sep 29, 2009 6:31 am
by tgs100
The steps are given below. There are many whitepapers available in the metalink.
1. Define the bank, branch and bank account
2. Define Receipt Class for Auto Lockbox
3. Define Receipt Source
4. Define Autocash Ruleset
5. Define Customer - Attach the receipt method and create the customer bank account (Branch number and account number together decides the MICR number)
6. Define Lockbox (Setup --> Receipts --> Lockboxes --> Lockboxes)
7. Define Transmission Formats (Setup --> Receipts --> Lockboxes --> Transmission Formats)
8. Modify (or create a new one) the existing control file to suit the above formats
9. Run Autolockbox
10. Submit Validation
11. Submit Post Quickcash.
Cheers,
Saravanan
Posted: Tue Sep 29, 2009 6:53 am
by tgs100
You may also go through metalink id 788619.1
Cheers,
Saravanan TG
Posted: Tue Sep 29, 2009 10:49 am
by nrao1981
[quote]The steps are given below. There are many whitepapers available in the metalink.
1. Define the bank, branch and bank account
2. Define Receipt Class for Auto Lockbox
3. Define Receipt Source
4. Define Autocash Ruleset
5. Define Customer - Attach the receipt method and create the customer bank account (Branch number and account number together decides the MICR number)
6. Define Lockbox (Setup --> Receipts --> Lockboxes --> Lockboxes)
7. Define Transmission Formats (Setup --> Receipts --> Lockboxes --> Transmission Formats)
8. Modify (or create a new one) the existing control file to suit the above formats
9. Run Autolockbox
10. Submit Validation
11. Submit Post Quickcash.
Cheers,
Saravanan
<i><div align="right">Originally posted by tgs100
Posted: Tue Sep 29, 2009 10:53 am
by admin
Posted: Wed Sep 30, 2009 1:14 am
by tgs100
Receipt class mainly decides the routing of the instrument.
1. How do you want to create the receipt (Manual or Automatic)
2. Do you want to remit the instrument? If yes, standard or factored?
3. Do you want to reconcile? If Yes, how?
You can create the receipt class based on the answers for the above questions. You don't need to create a new receipt class if the existing one satisfies your requirement.
But for auto lockbox, you should create receipt source which is not a mandatory step for normal receipt.
Cheers,
Saravanan TG