You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Seeking solution on Direct Debit(AR ACH) of negative receipts from AR Credit memos

Accepted answer

Issue: Hi friends,

Client had been using old ERP where they had functionality of creating negative receipts from AR Credit memos and then negative amount receipts used to be transmitted to bank in the form of AR ACH settlement batch file. Then bank used to deduct the client bank account and crediting the respective customer bank account.

Now, Client has implemented "AR ACH- Direct Debit" functionality in Oracle Cloud ERP. Since, client has created credit memos in Oracle and they want ERP to create negative receipts out of those credit memos and then send to bank in form of ACH settlement batch along with other positive amount receipts, so that bank can debit client account from those negative receipts.

Howdy, Stranger!

Log In

To view full details, sign in.


Don't have an account? Click here to get started!