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Oracle AR Remit To Address Research

The document discusses setting up remittance banks and remit-to addresses in Oracle Receivables. It states that remittance banks must be defined first if not already set up in Oracle Payables. Remit-to addresses should be defined and associated with bill-to locations to inform customers where to send payments. It is recommended to set up a default remit-to address as a fallback option if no specific address is associated with a bill-to location.

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451 views3 pages

Oracle AR Remit To Address Research

The document discusses setting up remittance banks and remit-to addresses in Oracle Receivables. It states that remittance banks must be defined first if not already set up in Oracle Payables. Remit-to addresses should be defined and associated with bill-to locations to inform customers where to send payments. It is recommended to set up a default remit-to address as a fallback option if no specific address is associated with a bill-to location.

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pachbob
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Oracle Remit To Address Research Below is from Oracle AR module setup checklist

Step 24 Define Your Remittance Banks (Required) Proceed to the next step if you have already defined your remittance banks in Oracle Payables. Define all of the banks and bank accounts you use to remit your payments. You can define as many banks and bank accounts as you want, but each bank account must refer to one currency. Receivables requires that you enter a cash account for each bank account. See: Defining Banks.

Step 41 Define Your Remit-To Addresses (Required) Define remit-to addresses to inform your customers where to send their payments. Associate each remit-to address with one or more state, country and postal code combinations. For example, if you want your customers in California and Nevada to send their payments to a specific address, enter the remit-to address and associate the states CA and NV with this address. Remit-to addresses are assigned based on the bill-to address on the transaction. If you do not wish to set up a remit-to address for each location, you can set up one remit-to address with a default assignment. This will be used for all locations or for any locations that do not have specific location assignments. To set up a default remit-to address, enter the remit-to address, navigate to the assignment region then, using the list of values in the Country field, select 'Default Value'. Move to the next field and select the 'DEFAULT' state from the list of values. Then save your record. See: Remit-To Addresses. Suggestion: It is a good idea to set up a default remit-to address, even if you have other remit-to addresses defined, because Receivables can use this address if the bill-to location on the transaction is not covered by any other remit-to address assignment. This may happen, for example, when you use new customers. Attention: If you use the Oracle Applications Multiple Organization Support feature, you need to perform this step for each of your operating units. For more information about multiple organizations, refer to the Multiple Organizations in Oracle Applications manual.

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Remit-To Addresses
Define remit-to addresses to let your customers know where to send payment for their invoices. Receivables uses the addresses that you define in the Remit To Addresses window to provide default remit-to information when you enter transactions.

If you use AutoInvoice but have not defined a remit-to address for a location, AutoInvoice will reject all invoices for which it could not determine a remit-to address. However, if you do not wish to set up a remit-to address for each location, you can set up one remit-to address with a default assignment. Receivables will then use this address for all locations or for any locations for which you do not have specific location assignments. This ensures that AutoInvoice will not reject invoices because it could not determine a remit-to address. See: Defining a Default Remit To Address. If you check the Print Remit-To Address check box in the System Options window, Receivables prints the remit-to address that you define here on your dunning letters and statements. The system profile option AR: Dunning Letter Remit-To Address Label Size lets you specify the length and width of your remit to address on your dunning letters. See: Overview of Receivables Profile Options. Prerequisites
Define system options

To define a remit-to address:


1. Navigate to the Remit-To Addresses window. 2. Enter the Country for this address. The default is the country you entered in the System Options window. Note: If you have implemented flexible address formats and the country you enter has an address style assigned to it, Receivables opens a window in which you can enter address information in the style most appropriate for that country. See: Flexible Addresses. 3. Enter an Alternate Name for this address (optional). You can only enter information in this field if the profile option AR: Customers - Enter Alternate Fields is Yes. Receivables also uses the value you enter here to sort customer names in certain reports if the profile option AR: Sort Customer Reports by Alternate Fields is Yes. 4. Enter a remit-to Address. 5. If the Country for this address is 'United States', enter a City and State; otherwise, these fields are optional.

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6. Enter the Postal Code for this remit-to address. You must enter a postal code if you entered values for both the From Postal Code and the To Postal Code in the System Options window. This postal code appears when you print your remit-to address on either your statements or your dunning letters. 7. Enter each Country to assign to this remit-to address. Receivables assigns all of your customers who have bill-to addresses in the countries that you enter to this remit-to address. 8. Enter the State and range of Postal Codes for each country (optional). You can define multiple assignments for a remit-to address that has the same country, state, or province but different postal code ranges. 9. Save your work. Defining a Default Remit To Address Define default remit-to addresses to ensure that:
o o

Receivables is able to provide a default remit to address when you enter transactions AutoInvoice will not reject invoices because it is not able to determine a remit-to address

You can only have one default remit-to address for each country and state combination. For example, you can have one default remit-to address for United States/California, one for United States/Nevada, and so on.

To define a default remit-to address:


1. Perform steps 1-6 from 'To define a remit to address' (see above). 2. Enter 'Default value' in the Country field, or select this from the list of values. 3. Save your work.

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