Is there any real difference between using TI codes I and S for spreads during receipts entry?
Question: Is there any real difference between using TI codes I and S?
Answer: There is a definite difference. You should only use TI code S to perform a spread because you are not receiving cash. When you use TI code I, the system creates receipt records for the spread transaction. This has an impact on statistical calculations, such as Recalculate Average Days Late and skews payment history information that might be used for future credit reporting. When you are performing spreads, you should always use TI code S. If you encounter an error, contact Oracle Support Services for assistance.
Answer: There is a definite difference. You should only use TI code S to perform a spread because you are not receiving cash. When you use TI code I, the system creates receipt records for the spread transaction. This has an impact on statistical calculations, such as Recalculate Average Days Late and skews payment history information that might be used for future credit reporting. When you are performing spreads, you should always use TI code S. If you encounter an error, contact Oracle Support Services for assistance.
0