The following setup steps are necessary for Oracle Cash Management to integrate with Oracle Receivables. Confirm that these steps are completed before proceeding with your Cash Management implementation.
Attention: If you do not have Oracle Receivables fully installed, you must have a shared install of Oracle Receivables to be able to use Oracle Cash Management. However, in this case, you do not need to perform the Receivables-specific steps listed here, unless you want to be able to create miscellaneous transactions.
Define ledgers.
Choose a ledger for each responsibility, when you set up your Receivables application. You indicate this ledger in the Name field of the Accounting tab in the System Options window.
Receivables requires you to choose a ledger for your operating unit (in a multi-organization environment) or for your installation (in a single organization environment).
Define a receipt class for miscellaneous transactions with a Creation Method of Manual and Require Remittance set to No.
This receipt class is optional, but is required if you plan to create miscellaneous receipts (or payments) from Cash Management.
Define receivable activities for miscellaneous transactions, if you want to create miscellaneous transactions from Cash Management. For example, define receivables activities with a type of Miscellaneous Cash or Bank Error.
When you define a receivables activity with the type Miscellaneous Cash, you must also assign either an account or a distribution set to use for the miscellaneous transaction accounting entries.
Note: Miscellaneous transactions include both miscellaneous receipts and miscellaneous payments. Miscellaneous payments are handled as negative miscellaneous receipts in Receivables, rather than as payments in Payables.
Define receipt sources that you assign to receipts. When you define a receipt source, you can enter a default receipt class and payment method. Receipt sources assign numbers to batches and determine where deposits get remitted.