Intercompany Cash Receipt Processing in Oracle Receivables
The client required the ability for one legal entity to record receipts of cash transactions on behalf of another legal entity. Cash received in a legal entity different than the one in which the invoicing occurs due to various reasons : •Tax implications •Legal and compliance requirements.
Need to know how to record the receipt in a legal entity where transaction is created in other legal entity and how to close the invoice and receipt with no accounting impact.