Receipt batch
In Oracle Receivables a group of payments that you enter together to reduce data entry errors, share various default values, and to group them according to a common attribute. For example, you might add all payments from the same customer to a batch. Payments within the same batch share the same batch source and batch name. Receivables displays any differences between the control and actual counts and amounts.
Receipt batch source
A name that you use to refer to how your company accounts for receipts. Receipt batch sources relate your receipt batches to both the bank and the accounting information required for recording and posting your receipts.
Receipt class
Automatic receipt processing steps that you relate to your payment methods. You can choose whether to confirm, remit, and clear automatic receipts.
Receipt source
Your name for a source from which your company receives cash. Your receipt sources determine the accounting for payments that are associated with them. Receipts that you deposit in different banks belong in different payment sources.
Receivable activities
Predefined Receivables activities used to define the general ledger accounts with which you associate your receivables activities.
Responsibility
A level of authority set up by your system administrator in Oracle Applications. A responsibility lets you access a specific set of windows, menus, set of books, reports, and data in an Oracle application. Several users can share the same responsibility, and a
single user can have multiple responsibilities.
Retained Earnings
General Ledger automatically posts the net balance of all income and expense accounts from the prior year to the retained earnings account when you open the first period of the fiscal year. GL will automatically update the retained earnings as needed, when you post journal entries to the prior year.
If you have multiple companies or balancing entities within a set of books, General Ledger should automatically create a retained earnings account for each company or balancing entity.
If an auditable journal entry is needed at year end you can submit the Create Income Statements Closing Journals program.
In Oracle Receivables a group of payments that you enter together to reduce data entry errors, share various default values, and to group them according to a common attribute. For example, you might add all payments from the same customer to a batch. Payments within the same batch share the same batch source and batch name. Receivables displays any differences between the control and actual counts and amounts.
Receipt batch source
A name that you use to refer to how your company accounts for receipts. Receipt batch sources relate your receipt batches to both the bank and the accounting information required for recording and posting your receipts.
Receipt class
Automatic receipt processing steps that you relate to your payment methods. You can choose whether to confirm, remit, and clear automatic receipts.
Receipt source
Your name for a source from which your company receives cash. Your receipt sources determine the accounting for payments that are associated with them. Receipts that you deposit in different banks belong in different payment sources.
Receivable activities
Predefined Receivables activities used to define the general ledger accounts with which you associate your receivables activities.
Responsibility
A level of authority set up by your system administrator in Oracle Applications. A responsibility lets you access a specific set of windows, menus, set of books, reports, and data in an Oracle application. Several users can share the same responsibility, and a
single user can have multiple responsibilities.
Retained Earnings
General Ledger automatically posts the net balance of all income and expense accounts from the prior year to the retained earnings account when you open the first period of the fiscal year. GL will automatically update the retained earnings as needed, when you post journal entries to the prior year.
If you have multiple companies or balancing entities within a set of books, General Ledger should automatically create a retained earnings account for each company or balancing entity.
If an auditable journal entry is needed at year end you can submit the Create Income Statements Closing Journals program.
