Bills Receivable Workbench
Use the Bills Receivable Workbench to create, update, remit, and manage bills receivable. You can create a bill receivable and assign transactions to the bill either manually or automatically. You can also use this workbench to review bills receivable, update the status of a bill, and create and maintain bills receivable remittance batches. The Bills Receivable Workbench also manages creating and applying receipts, and eliminating risk on remitted bills receivable.
You can also exchange a transaction for a bill receivable in the Transactions Workbench, review a customer’s bills receivable transactions in the Collections Workbench, and use the Receipts Workbench to reverse or unapply receipts applied to bills receivable.
Enabling the Bills Receivable Workbench
To use bills receivable in Oracle Receivables, you must enable the Bills Receivable Workbench. Your system administrator or other responsible user must carry out the implementation steps necessary to enable Bills Receivable and make the Bills Receivable features available in the Navigator.
Enabling the Bills Receivable Workbench permanently disables the Bills of Exchange feature in Oracle Receivables. Receivables provides comparable features in the Bills Receivable Workbench that replace all of the Bills of Exchange functionality. See Chapter 17, Bills Receivable and your country–specific user guide for a description of all Bills of Exchange and Bills Receivable features, programs, and reports.
Attention: Enabling the Bills Receivable Workbench is an irreversible process. Once you enable Bills Receivable you cannot revert to the Bills of Exchange functionality.
For more information, see: Enabling the Bills Receivable Workbench:
page 2 – 230.
Default Attributes
When you create a bill receivable or a bills receivable remittance, Receivables provides default values for the following attributes in the Bills Receivable and Remittances windows:
• Date
• Currency
You can also define the AR: Bills Receivable Batch Source profile option to provide a default batch source for your bills receivable. This profile
option determines the value of the Batch field in the Bills Receivable and Bills Receivable Transaction Batches windows.
Profile Options
There are two profile options that belong to the Bills Receivable Workbench:
• AR: Bills Receivable Batch Source: This profile option defines a default batch source for bills receivable transactions.
• AR: Factor/Endorse Bills Receivable without Recourse: This profile option determines whether you can factor or endorse bills receivable remittances without recourse.
Other profile options that relate to bills receivable are:
• AR: Document Number Generation Level: This profile option determines at what point Receivables generates a document number for transactions. For bills receivable transactions, the valid value is ’When the transaction is completed.’
Folder Windows
There is one Folder window in the Bills Receivable Workbench. You can customize the appearance of this window by selecting options from the Folder menu:
• Bills Receivable Portfolio Management
Figure 1 – 4 Bills Receivable Workbench
Refer to the table below to help you use the Bills Receivable Workbench and the corresponding Receivables documentation more effectively.
An NA (not applicable) in the Window/tabbed region column indicates that the documentation for that topic is an essay or general description of the feature.
Topic Section/Task Window/tabbed region
Accept Accepting a Bill Receivable: page 5 – 27 Acceptance window Accounting Bills Receivable Creation: page 5 – 4
Accounting for Bills Receivable Remit-tances and Receipts: page 5 – 58
NA NA
Table 1 – 4 (Page 1 of 5)
Window/tabbed region Section/Task
Topic
Assignments Manually Assigning Transactions to a Bill Receivable: page 5 – 11
Batching Transactions for Bills
AutoAccounting AutoAccounting: page 2 – 55 Automatic Accounting win-dow
AutoInvoice Flagging Transactions for Automatic or Direct Exchange into Bills Receivable:
page 5 – 15
Transactions window
Banks Entering Bills Receivable Bank Account Information: page 5 – 9
Creating a Bills Receivable Remittance Batch: page 5 – 67
Bills Receivable window Remittances window
Batch Batching Transactions for Bills Receiv-able: page 5 – 17
Creating a Bills Receivable Remittance Batch: page 5 – 67
Transaction Batch Sources: page 2 – 273 Bills Receivable Remittance Batch Man-agement Report: page 10 – 62
Bills Receivable Transaction Bills Receivable Bills Receivable Creation: page 5 – 4
Defining a Bills Receivable Creation Payment Method: page 2 – 170
NA
Receipt Classes window
Cancel Canceling a Bill Receivable: page 5 – 47 Cancel window Collections Viewing Bills Receivable Transaction
Information: page 5 – 45
Customer Accounts window, Account Overview window, Account Details window Complete Completing a Bill Receivable: page
5 – 25
Bills Receivable window Document Sequences Implementing Document Sequences:
page 2 – 108
Transaction Batch Sources: page 2 – 273
Sequence Assignments win-dow
Transaction Sources window
Window/tabbed region Section/Task
Topic
Drawee Defining Customer Drawee Sites: page 3 – 43
Endorse Endorsing a Bill Receivable: page 5 – 52 Endorse window Exchange Exchanging a Transaction for a Bill
Re-ceivable: page 5 – 22
Exchanging a Bill Receivable for a New Bill Receivable: page 5 – 24
Transactions window Exchange window
Export Exporting and Importing Bills Receiv-able Remittances: page 5 – 65
NA
History Viewing Bills Receivable History: page 5 – 43
History window Holds Holding or Releasing from Hold a Bill
Receivable: page 5 – 51
Bills Receivable Portfolio Man-agement window
Import Exporting and Importing Bills Receiv-able Remittances: page 5 – 65
NA Payment Method Defining a Bills Receivable Creation
Payment Method: page 2 – 170 Defining Bills Receivable Remittance Payment Methods: page 2 – 172
Receipt Classes window
Print Automatic Receipt Programs: page
2 – 67
Printing a Bill Receivable: page 5 – 28 Formatting and Printing Bills Receiv-able Remittances: page 5 – 76 Bills Receivable Stamp Values: page
Protest Marking a Bill Receivable as Under Protest: page 5 – 54
Protest window Recall Recalling a Bill Receivable: page 5 – 49 Recall window Table 1 – 4 (Page 3 of 5)
Window/tabbed region Section/Task
Topic
Receipts Receipt Sources: page 2 – 186 Creating Receipts for Bills Receivable Remittances: page 5 – 57
Accounting for Bills Receivable Remit-tances and Receipts: page 5 – 58 Bills Receivable Maturity and Risk Pro-gram and Report: page 5 – 78
Reversing and Unapplying Receipts for Bills Receivable: page 5 – 80
Transactions Awaiting Consolidation:
Reminder Letters Bills Receivable Reminder Letters: page 10 – 60
Bills Receivable Reminder Let-ters
Remittance Receivables Activities: page 2 – 189 Bills Receivable Remittance: page 5 – 56 Creating a Bills Receivable Remittance Batch: page 5 – 67
Maintaining Bills Receivable Remit-tances: page 5 – 74
Bills Receivable Remittance Batch Man-agement Report: page 10 – 62
Receivables Activities window
Reports Bills Receivable Reports: page 5 – 55 NA Risk Eliminating or Resestablishing Risk on
a Bill Receivable: page 5 – 50
Bills Receivable Maturity and Risk Pro-gram and Report: page 5 – 78
Bills Receivable Portfolio Man-agement window
Bills Receivable Maturity and Risk program
Stamps Bills Receivable Stamp Values: page 5 – 30
Stamp Values window Status Updating Bills Receivable: page 5 – 46
Bills Receivable By Status Report: page 10 – 55
Window/tabbed region Bill Receivable: page 5 – 11
Flagging Transactions for Automatic or Direct Exchange into Bills Receivable:
page 5 – 15
Batching Transactions for Bills Receiv-able: page 5 – 17
Exchanging a Transaction for a Bill Re-ceivable: page 5 – 22
Unpaid Exchanging a Bill Receivable for a New Bill Receivable: page 5 – 24
Marking a Bill Receivable as Unpaid:
page 5 – 49
Restating a Bill Receivable: page 5 – 53
Exchange window Unpaid window Restate window
Table 1 – 4 (Page 5 of 5)
See Also
Receipts Workbench: page 1 – 5 Transactions Workbench: page 1 – 10 Collections Workbench: page 1 – 15
C H A P T E R
2
T
Setting Up
his chapter explains everything you need to know about setting up Oracle Receivables. It provides detailed instructions for each step you need to perform to set up Oracle Receivables and all of your tax processing options.