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AP/AR Netting Simulation Sheet

This simulation sheet is divided into the following sctions:


1. Create a customer (Done from AR)
2. Create a Supplier (Done from AP)
3. Define a Netting Bank Account
4. Enter Cutomer Invoice
5. Enter Payables Invoice
6. Create a Netting Agreement
7. Create a Netting Batch
Complete screen shots are given below right from creation of customer / supplier to Netting the invoices.
Note:- All simulations are done on a Vision Demo Instance
Anyone who is interested to learn or teach Netting can use this document as a starting point.
I also recommend reading the Oracle Documentation for more information.
1. Create a customer (Done from AR)
>> Make sure the Payment Terms is set to Immediate
2. Create a Supplier (Done from AP)
>> Make sure that the supplier site is flagged as a Pay Site, and the Payment Terms are set to Immediate.
3. Define a Netting Bank Account
Create a new bank account for Netting purposes. Use the existing Bank and Branch Bank of America, New York.
In the Account Controls, set the flag indicating that this account is to be used for Netting:
Associate your Bank Account to the Receipt Class AP/AR Netting.
Query the AP/AR Netting receipt class which is a seeded one.
4. Enter Cutomer Invoice
In Receivables, Vision Operations USA responsibility, enter an invoice for your customer for the amount of USD 750.
The invoice must have the status Complete in order to be available for the netting process.
Check that the terms on the invoice are Immediate, so that the Due Date is today. Do not enter any tax lines.
5. Enter Payables Invoice
In Payables, Vision Operation USA responsibility, enter an invoice for your supplier for the total amount of USD 1000.
Do not enter any tax lines. Check that the terms on the invoice are Immediate, and validate it.
The invoice must have the status validated to be available for Netting.
AP/AR Netting Simulation Sheet
Complete screen shots are given below right from creation of customer / supplier to Netting the invoices.
Anyone who is interested to learn or teach Netting can use this document as a starting point.
I also recommend reading the Oracle Documentation for more information.
>> Make sure that the supplier site is flagged as a Pay Site, and the Payment Terms are set to Immediate.
Create a new bank account for Netting purposes. Use the existing Bank and Branch Bank of America, New York.
In the Account Controls, set the flag indicating that this account is to be used for Netting:
In Receivables, Vision Operations USA responsibility, enter an invoice for your customer for the amount of USD 750.
The invoice must have the status Complete in order to be available for the netting process.
Check that the terms on the invoice are Immediate, so that the Due Date is today. Do not enter any tax lines.
In Payables, Vision Operation USA responsibility, enter an invoice for your supplier for the total amount of USD 1000.
Do not enter any tax lines. Check that the terms on the invoice are Immediate, and validate it.
The invoice must have the status validated to be available for Netting.
6. Create a Netting Agreement
Use the responsibility Payables, Vision Operations USA, and define a netting agreement. You do not need to provide the site for your customer and supplier.
Include the following transactions:
For Payables, add Invoice Type Standard
For Receivables, add Transaction Type Invoice
Note the profile options
7. Create a Netting Batch
Search for your Netting batch, and monitor its status. You can also monitor the Concurrent Request using View Requests.
When the Status is Selected, click on the Update icon and then assure that your transactions have been selected under the Payables and Receivables tabs.
Submit the batch
Triggers three concurrent requests
Go to Receivables and check the receipt created automatically
Query the netting receipt
Go to payables and check that the payment created automatically
Use the responsibility Payables, Vision Operations USA, and define a netting agreement. You do not need to provide the site for your customer and supplier.
Search for your Netting batch, and monitor its status. You can also monitor the Concurrent Request using View Requests.
When the Status is Selected, click on the Update icon and then assure that your transactions have been selected under the Payables and Receivables tabs.
Use the responsibility Payables, Vision Operations USA, and define a netting agreement. You do not need to provide the site for your customer and supplier.
When the Status is Selected, click on the Update icon and then assure that your transactions have been selected under the Payables and Receivables tabs.

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