remittance advice

[harikumarc1981@rediffmail]

Version R12/11i? =
Instance PROD/TEST/VIS? =
Module? =
OS? =



hi, what is remittance advice in AR 11i, what is the use . can any one explain it by taking on example.

[hiszaki]

Hi harikumarc

When you collect a check from the customer, you need to pay out this amount from the customers' bank.

suppose you have 100 checks from different customers so you need to pay out these checks from 100 banks, you can remit these checks in you bank & it's will be collected to you account against small fees.

This function called remittance.

Thanks
Hisham

[nadh.oracleapps@yahoo.com]

Hi Hisham

Can list out what are Steps Required for Remittance.

Thanks