Receivables Distribution Sets in Oracle Fusion. Setup of Receivables Distribution Sets

Distribution Sets in Receivables relate to Miscellaneous Receipts. Miscellaneous receipts do not relate to any AR Invoice. It means the receipt which we enter in our system against no AR invoice.

Define distribution sets to account for your non–invoice related receipts. These receipts can include refunds, revenue from the sale of stock, as well as interest and investment income. Receipts that are not related to an invoice are known as miscellaneous receipts in Receivables.

Distribution sets are predefined groups of general ledger accounting codes that determine the credit accounts for positive miscellaneous receipt amounts and the debit accounts for negative receipt amounts. Distribution sets also let you speed your receivables accounting by reducing time spent on data entry. In Distributions sets we can also define the percentage ratio of the Receipt invoice for the GL account.

 

Step1:- 
Go to Navigator è Setup and Maintenance

 

Step2:- Find the Manage Receivables Distribution Set as Below.

 

Step3:- We can Search the Existing Receivables Distribution Sets as below.

To Create new Sets Click on the '+' icon.

 

Step4:-Create new Receivables Distribution Sets

 

Step5:-

 

 

Receivables Distribution Sets in Oracle Fusion. Setup of Receivables Distribution Sets