AP-AR Netting

Release 12

Agenda

Overview
Netting Accounting
Netting Setup Steps
Netting Agreement
Netting Process
Creating Netting Bank Account
Configuring AP AR Netting Receipt Class
Creating Payables Invoice For Netting
Creating Receivables Transaction for Netting
Creating Netting Agreement
Creating and Submitting Netting Batch
Reviewing Payments and Receipts Created
by Netting Program

Overview

Supplier
APEX

AP INV

AR TRX

Customer
APEX

Organization
INV: 100 EGP
Netting Outcome :
Invoice: 50 EGP

TRX: 50 EGP

11i VS R 12
11 i
Contra Charging
R 12

R 12 AP AR Netting
11 i
Federal Financial
Netting

Netting Accounting
Supplier
APEX

AP INV

AR TRX

Customer
APEX

Organization
INV: 100 EGP
Payment: 50 EGP
Netting Bank Account
INV:
100 DR Expense
100 CR Payables

Netting Payment:
50 DR Payables
50 CR Netting
Payment:
50 DR Payables
50 CR Cash

TRX: 50 EGP
Receipt: 50 EGP
Netting Bank Account
TRX:
50 DR Receivables
50 CR Revenue
Netting Receipt:
50 DR Netting
50 CR Receivables

Netting Setup Steps

Create GL
Account: Netting
Control Account
Create Netting
Bank Account
Configure AP AR
Netting Receipt
Class

Create Netting
Agreement

Netting Agreement
Criteria
Netting Agreement

Supplier
APEX

AP INV

AR TRX

Customer
APEX

Organization
INV: 100 EGP
Netting Outcome :
Invoice: 50 EGP

TRX: 50 EGP

AP AR Netting Process
Create Netting
Batch
View Proposed
Netting Report
Add/Delete
Invoices-TRX
Submit Netting
Batch

View Final
Netting Report

Creating Netting Account

Creating Netting Bank Account

Configuring AP AR Netting
Receipt Class

Creating Payables Invoice For

Netting

Creating Receivables
Transaction for Netting

Creating Netting Agreement

Creating and Submitting Netting

Batch

Reviewing Payments and

Receipts Created by Netting
Program