Fusion Accounts Receivable

Fusion Accounts Receivable

  1. Receivables System Options configuration
  2. Define Transaction Types
  3. Define Transaction Sources
  4. Autoaccounting Configuration
  5. Create Payment Terms
  6. Create Statement Cycles
  7. Collector creation
  8. Create Customer profile class
  9. Create Reference data set for customer site
  10. Assign RDS (customer site) to BU
  11. Create Customer, Customer site & address
  12. Create remit to address
  13. Memo lines creation
  14. Create receivable activities
  15. Create receipt classes & methods
  16. Create receipt source
  17. Assign AR roles to User
  18. Provide data access for User
  19. Run LDAP job
  20. Open receivables period
  21. Create Transaction
  22. Create Receipt
  23. Create Manual Credit Memo
  24. Create Automatic Credit Memo
  25. Creation of Debit Memo
  26. Creation of Transaction using Memo lines
  27. Creation of ChargeBack transaction
  28. Creation of On Account receipt
  29. Creation of Miscellaneous receipt

1. Receivables System Options configuration
Implementation project >> Task ‘Manage Receivables System Options’ >> Create >>


Cash Processing Tab:
Chargeback Due Date: Entered date; Invoices per Commit: 10; Receipts per Commit: 10
Save and Close

2. Define Transaction Types
Implementation project >> Task ‘Manage Transaction Types’ >> Create

Save and Create Another

Create debit memo (Name: Tata DM Trans Type; Creation Sign: Positive Sign)

Credit memo(Name: Tata CM Trans Type; Creation Sign: Negative Sign)

Charge back (Name: Tata CB Trans Type; Creation Sign: Positive Sign)

Save and Close

3. Define Transaction Sources
Implementation project >> Task ‘Manage Transaction Sources’ >> Create

Save and Create Another
Tata DM Tran Source

Tata CM Tran Source

Tata CB Tran Source

Save and Close

4. Autoaccounting Configuration
Implementation project >> Task ‘Manage AutoAccounting Rules’ >> Create

Create Another

Done >> Save and Close

5. Create Payment Terms
In implementation project search for task ‘Manage Receivables Payment Terms’ >> Create

Save and Close

6. Create Statement Cycles
In implementation project search for task ‘Manage Statement Cycles’ >> Create

Save and Close

7. Collector creation
In implementation project search for task ‘Manage Collectors’ >> Create

Save and Close

8. Create Customer profile class
In implementation project search for task ‘Manage Receivables Customer Profile Classes’ >>  Create >> Profile Class: Tata Profile Class; Collector: Srikanth Collector; Payment Terms: Tata Pay Terms; Statement Cycle: Tata Statement >> Save and Close

9. Create Reference data set for customer site
In implementation project search for task ‘Manage Reference Data Sets’ (Path – Financial) >> Create >> Set code: TATA_RDS_CUST_SITE; Set Name: Tata Reference Data Set Customer Site >> Save and Close

10. Assign RDS (customer site) to BU
In implementation project search for task ‘Manage Business Unit Set Assignment’ (Path – Financials) >> For Customer Account Site assign ‘TATA_RDS_CUST_SITE’ >> Save and Close

11. Create Customer, Customer site & address
In implementation project search for task ‘Create Customer’



Save and Close.
Without clicking on done, search for your customer. Click on Customer Account Number >> Profile History tab >> Actions >> Correct record >> Change profile class to Tata Profile Class >> Save and Close.
Click on Customer site number >> Profile history tab >> Create Site Profile >> Save and Close >> Save and Close

12. Create remit to address
In implementation project search for task ‘Manage Remit to Addresses’ >> Create

Save and Close.
Without clicking on done, search your country & select your line. Click in create at Receipt from Criteria >> Enter Country (United Kingdom) >> Save and Close >> Done

13. Memo lines creation
In implementation project search for task ‘Manage Standard Memo Lines’ >> Create

Save and Close

14. Create receivable activities
In implementation project search for task ‘Manage Receivables Activities’ >> Create

Save and Create Another

Save and Close

15. Create receipt classes & methods
In implementation project search for task ‘Manage Receipt Classes and Methods’ >> Create

Name: Tata Receipt Class; Creation Method: Manual; Remittance Method: Standard; Clearance Method: By Matching

Receipt Methods >> Add row >> Name: Tata Check; Printed Name: Tata Check

Remittance Bank Accounts
Save and Close >> Save and Close

16. Create receipt source
In implementation project search for task ‘Manage Receipt Sources’ >> Create

Save and Close

17. Assign AR roles to User
Security Console >> User
1. Accounts Receivable Manager
2. Accounts Receivable Specialist
3. Billing Manager
4. Billing Specialist
5. Revenue Analyst 

18. Provide data access for User
FSM page search for task ‘Manage Data Access for Users’ and assign above roles with Security Context as BU.

Save and Close

19. Run LDAP job
In ESS job page run the request

20. Open receivables period
Navigator >> Receivables >> Accounts Receivable >> Task list >> Manage Accounting Period >> Click on Ledger name >> Enter first period and target period

21. Create Transaction
Navigator >> Receivables >> Billing >> Tasks >> Create Transaction

Save >> Complete and Review >> Transaction Number is 1001 >> Cancel

22. Create Receipt
Receivables >> Accounts Receivable >> Tasks >> Create Receipts

Submit and Apply Manually >> Add Open Receivables >> Here Receipt Reference Number  = Transaction Number. Enter 1001 and click on search >> Select the line and click on Add >> Done >> Save and Close

Billing >> Tasks >> Manage Transactions >> Search for your transaction and open the transaction >> Actions >> Post to Ledger >> Save and Close
Accounts Receivable >> Tasks >> Manage Receipts >> Search for your receipt and open the receipt >> Actions >> Post to Ledger >> Save and Close

23. Create Manual Credit Memo
Transaction creation: Receivables >> Billing >> Tasks >> Create Transaction

Complete and Close (Transaction 1002 has been completed.)

Credit Memo creation: Receivables >> Billing >> Tasks >> Create Transaction

Complete and Close(Transaction 1 has been completed.)

Receivable >> Accounts Receivable >> Tasks >> Manage Credit Memo Application >> Search with CM transaction number (1) >> Click on Transaction number (hyperlink) >> Add Open Receivables >> Search your transaction number (1002) >> Select the line >> Add >> Done >> Save and Close >> Done

24. Create Automatic Credit Memo
Receivable >> Billing >> Tasks >> Credit Transaction >> Search Original Transaction number (1002 – Here we are using above transaction number itself. Our previous manual CM of -1000 has been debited and current balance is 4000. Now we will apply CM of -500)

Complete and Review. New credit memo created with transaction number as 2 >> Save and Close.

25. Creation of Debit Memo
We will make use of invoice transaction 1002 with current balance of 3500.
Billing >> Tasks >> Create Transaction >> Show More >> Under Customer tab enter customer details; Payment tab – select your payment terms; Miscellaneous tab enter invoice transaction number at Cross Reference.

Complete and Close (Transaction 1 has been completed.)

26. Creation of Transaction using Memo lines
Billing >> Tasks >> Create Transaction

Complete and Close (Transaction 1003 has been completed.)

27. Creation of ChargeBack transaction
First we have to create Receivables activity for Chargeback.
a) Create transaction of 10000
b) Customer paid 8000 = Receipt created and applied for 8000
c) To postpone the due date for payment of 2000 by customer, we need to perform Chargeback activity
d) System automatically creates Chargeback transaction of 2000

FSM >> Tasks >> Search >> ‘Manage Receivables Activities’ >>  Search you BU >> System automatically creates ‘Chargeback Adjustment’ >> Click on Name

Save and Close

a) Receivables >> Billing >> Tasks >> Create Transaction >>  Transaction 1004 has been completed.
b) Receivables >> Account Receivables >> Tasks >> Create Receipt >> Receipt Number: 12346 >> Submit and Apply Manually >> Add Open Receivables >> Search Receipt Reference Number as 1004 >> Select the line >> Add >> Done >> Save
c) Under Receipt Details >> Application tab >> Select the line >> Actions >> Create Chargeback

Change Due Date (I gave 31-Mar-2019) >> Save and Close >> The chargeback 100001 has been created. >> Save and Close

Billing >> Tasks >> Manage Transactions >> Search with transaction number 100001

28. Creation of On Account receipt
Receivable >> Accounts Receivable >> Tasks >> Create Receipt

Submit and Apply Manually >> Add Open Receivables >> Search your Customer >> Select the line (even multiple lines can be selected) which has due amount < 2000 >> Add >> Done >> Save
Select the line >> Actions >> More >> Create On-Account Application >> Ok

Save and Close

Receivable >> Accounts Receivable >> Tasks >> Manage Receipts >> Search receipt number (12347) >> Select line & Edit >> Select On Account line and click on Unapply Application >> Save and Close >> Add Open Receivables >> Search your customer and select any line which you want to apply >>Add >> Done >> Save and Close

29. Creation of Miscellaneous receipt
a) Create receivables activity for Misc. receipt
b) Create Misc. receipt

a) FSM >> Tasks >> Search >> ‘Manage Receivables Activities’ >> Create

Save and Close

b) Receivables >> Accounts Receivable >> Tasks >> Create Receipt

Save and Close

Pending 34, 35, 36 & 37