Thursday 4 June 2020

How to setup distribution sets In oracle cloud Receivables

Setup Distribution sets in Oracle Cloud Receivables

In this post we will see what is distribution sets in oracle receivables and how to setup distribution sets in oracle cloud receivables

Distribution sets in oracle cloud receivables are used for non invoice related incomes like miscellaneous income which needs to be distributed across more than one GL account codes.

Distribution sets in oracle receivables are related to Miscellaneous Receipts, this means there is no AR invoice against these receipts in the system.

Distribution sets in oracle receivables provides the facility to allocate miscellaneous transaction amounts across different general ledger accounts.

Distribution sets speeds up our receivables accounting by reducing time required on data entry.

Following are the steps in detail which shows how to setup distribution sets in oracle cloud receivables

Step 1: Navigator > Setup and maintenance

how to setup Distribution sets in oracle cloud receivables

Step 2 : Select Offering as Financial

how to setup Distribution sets in oracle cloud receivables

Step 3 : search for the task > Manage Receivables distribution sets

how to setup Distribution sets in oracle cloud receivables

Step 4 : Click on the ( + ) Icon to create new receivable distribution set

Step 5 : Enter distribution sets details like Business unit , Name and distribution set Account combination. The Sum of percentages should always be equal to 100 for any distribution set.

Once you fill all the details click Save and close