Escolar Documentos
Profissional Documentos
Cultura Documentos
With
Oracle Receivables
For
Release 12
KALYANKAR TOTA
Receivables Support
Oracle Support Services
Legal Entity.................................................................................................................................... 4
Create Legal Entity...................................................................................................................... 5
User Guide:
Oracle Financials
Implementation Guide
Use the Legal Entity Configurator to search for existing legal entities, jurisdictions, and legal
authorities; create and update legal entities, establishments, registrations, legal addresses,
jurisdictions, and legal authorities; and create legal entities from existing organizations.
Legal Entity
Establishment
Registration
Jurisdiction
Legal Authority
Legal Address
Legal Associations
Legal Entity
A legal entity is a clearly identified entity, which is given rights and responsibilities under
commercial law, through registration with the country's appropriate legal authority. These rights
and responsibilities are enforceable through the judicial system. A legal entity generally has the
right to own property and trade, and the responsibility to repay debt and comply with labor law.
Legal entities are responsible to account for themselves to company regulators, taxation
authorities, and owners according to rules specified in the relevant legislation.
The legal entity belongs to the organization's own corporate legal structure (enterprise).
The legal entity is referred to as the internal legal entity and is the initiator and owner of a given
transaction.
User Guides:
Oracle General Ledger Users Guide
Oracle General Ledger Implementation Guide
Oracle General Ledger Reference Guide
User Guides:
Oracle Receivables Implementation Guide
Oracle Receivables Reference Guide
Oracle Receivables User Guide
An organization that uses Oracle Cash Management, Order Management and Shipping Execution,
Oracle Payables, Oracle Purchasing, and Oracle Receivables. It may be a sales office, a division,
or a department. An operating unit is associated with a legal entity. Information is secured by
operating unit for these applications. Each user sees information only for their operating unit. To
run any of these applications, you choose a responsibility associated with an organization
classified as an operating unit.
Profile Options:
This is a required setup step for any AR Implementation just as in Rel 11i .
User Guides:
Oracle Trading Community Architecture Administration Guide
Oracle Trading Community Architecture Reference Guide
Oracle Trading Community Architecture Technical Implementation Guide
Oracle Trading Community Architecture User Guide
Please refer to the following White Paper on Metalink to setup Address Validation:
User Guides:
Oracle E-Business Tax Implementation User Guide
Oracle E-Business Tax User Guide
Oracle E-Business Tax Reference Guide
Oracle E-Business Tax: Vertex Q-Series and Taxware Sales/Use Tax System Implementation
Guide
Tax Manager: Assign this responsibility to users who will set up and maintain tax configuration
data. The tax manager responsibility is the responsibility with the highest level of access to E-
Business Tax functionality.
If you want to include the GL Tax Options window, you must assign a data access set to the GL:
Data Access Set profile option under the Tax Manager responsibility.
Tax Administrator: Update and assign this responsibility to users who will provide E-Business
Tax technical setup and support services. You can update this responsibility according to the
duties of each tax administrator user.
Oracle Tax Simulator: Assign this responsibility to users who test tax setups with the Oracle
Tax Simulator.
You can also set up new E-Business Tax menus and responsibilities according to your
requirements.
Set values for E-Business Tax profile options to control the availability of certain tax options and
to maintain your Vertex or Taxware installation.
Note: E-Business Tax does not perform validation on updated or disabled lookups. If you want to
disable, update, or apply an end date to an E-Business Tax lookup type, please ensure that the
applicable values are not in use in the E-Business Tax setup.
Refer to Chapter VI of this document on more information about TCA Geography Hierarchy.
First party legal entity - The legal entities that represent your company.
First party legal establishments - The legal establishments that have or require tax registrations,
either implied or explicit, from one or more tax authorities.
Legal authorities - The legal authorities that represent the tax authorities in the tax regimes
where you do business.
Refer to Chapter III of this document on more information about Operating Unit.
Review and complete these accounting setup tasks according to your requirements:
Ledgers - Set up the chart of accounts, accounting calendar and currency for the primary
ledger of your legal entities and, if applicable, any secondary ledgers.
Legal entity balancing segments - Define balancing segment values for the legal entities
involved in tax transactions.
Accounting setup - Create an accounting setup for each legal entity with the ledger or
ledgers that you created, and assign the applicable operating units to the primary ledger.
Complete the accounting setup - Complete the details of the accounting setups.
Refer to Chapter II of this document on more information about Setting Up Ledger and related
setups.
You must set up and maintain TCA classifications before you can perform these tax-related
setups:
The tax registration contains information related to a party's transaction tax obligation with a tax
authority for a tax jurisdiction where it conducts business. The tax registration is part of the tax
profile of a first party legal establishment and a third party and third party site.
Set up tax profiles for the parties involved in your transactions. Parties include:
1. All legal entities, legal establishments, and operating units in your organization that have a
transaction tax requirement.
2. Your customers and suppliers and their locations.
3. Tax authorities that administer tax rules and regulations.
S a le s T a x
L o c a tio n
T a x R e g im e
F le x fie ld
S tru c tu re
S a te C o u n ty C ity S a te C o u n ty C ity
S ta tu s S ta tu s S ta tu s
S ta n d a rd S ta n d a rd S ta n d a rd
CA TX DL CA TX DL
P o s ta l C o d e R a n g e s Tax Zones
9 9 4 5 6 to 9 9 5 6 2 to 9 9 4 5 6 to 9 9 5 6 2 to
99492 99572 99492 99572
R a te P e rc e n ta g e R a te P e rc e n ta g e T a x R a te C o d e T a x R a te C o d e
In our exercise, we will setup a Tax Regime for US Location Based Tax.
Step 2: Taxes
A classification of a charge imposed by a government through a fiscal or tax authority.
In our exercise, we will setup Taxes for US Location Based Tax. (STATE, COUNTY and CITY).
Other Examples for different Taxes can be Excise Tax Regime in India or VAT Regime in UK.
Define Taxes
In our exercise, we will setup Tax Statuses State, County and City Taxes as Standard.
Other Examples for different Status can be Reduced Rated and Zero Rated
In our exercise, we will setup Jurisdictions for all the State, County and City locations defined in
Geography Hierarchy.
Example: Florida, California, Orange and Orlando.
Tax
Status Determine Tax Status for each applicable Tax
Define Taxes
You set up tax accounts under a primary ledger and operating unit. The calculated tax amounts
post to the specified operating unit accounts at transaction time. The actual account information
that the system uses depends upon subledger accounting rules. You can also define tax accounts
for tax rates, tax recovery rates, and tax jurisdictions. If you define tax accounts at the tax level,
these accounts default to the tax rate level for the same tax and operating unit. You can update
these default tax accounts in the tax rate setup.
Use configuration options to associate legal entities and operating units with their applicable tax
regimes. The association between a party and a tax regime includes these definitions:
Configuration for Taxes and Rules - The setup that the party uses for taxes, tax statuses, tax
rates, tax recovery rates, and tax rules.
Application Receivables
Responsibility Receivables Manager
Navigation Setup > System > System Options
Use the Accounting tabbed region to define your accounting flexfields. You can also choose
whether to use automatic journal import, enable header level rounding, and specify how many
days should be included in each posting cycle.
Receivable lets you define several options for your invoices and use of the AutoInvoice program.
You can choose whether to allow updates to printed invoices and whether you can apply
payments to an unrelated customer's transactions. Receivables lets you define the segments to
use for Accounting Flex Tuning, System Items Tuning, and Territory Tuning during AutoInvoice.
You can also specify whether to purge the interface tables that you use for AutoInvoice, the
maximum number of bytes to use, whether SQL Trace is active for this program, and the
grouping rule to use for the revenue and credit transactions you create through AutoInvoice.
If using Oracle Trade Management, then use the Claims tabbed region to indicate how to
evaluate, during Lockbox and Post QuickCash processing, your customers' remittances for claim
creation.
Use the Miscellaneous tabbed region to specify your split amount and the number of days to use
for your Days Sales Outstanding (DSO) Calculation in the Collection Effectiveness Indicators
Report.
Application Receivables
Responsibility Receivables Manager
Navigation Setup > Transactions > Transaction Type
Application Receivables
Responsibility Receivables Manager
Navigation Setup > Transactions > Transaction Sources
Application Receivables
Responsibility Receivables Manager
Navigation Setup > Transactions > AutoAccounting
Freight Account
Receivable Account
Revenue Account
Adjustments
Receipt Write-offs
Credit Memo Refunds
Credit Memo Requests
Application Receivables
Responsibility Receivables Manager
Navigation Setup > Transactions > Approval Limits
Activities that you define appear as list of values choices in various Receivables windows. You
can define as many activities as you need.
Application Receivables
Responsibility Receivables Manager
Navigation Setup > Receipts > Receivable Activities
This is different from Release 11i and before where both Internal and External Banks where
stored in Payables tables (AP).
Application Receivables
Responsibility Receivables Manager
Navigation Setup > Receipts > Banks
Following Note describes some pre-requisite setups that you need to perform before you can
define Internal Bank Accounts.
Application Receivables
Responsibility Receivables Manager
Navigation Setup > Receipt > Receipt Class
Application Receivables
Responsibility Receivables Manager
Navigation Customers > Customers
Application Receivables
Responsibility Receivables Manager
Navigation Transactions > Transactions