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Create receipt for Finance

yeah today's topic how to create unapplied receipt infusion receivables or how to create customer deposits in the fusion receivers so when we receive the cash or check or EFT payment from the customer we will treat it as a advance to provide goods and services to the customer so when we receive the money from the customer AR user will create an applied receipt infusion as a deposit received this an uploaded receptor can apply to any open invoices in the future in future to reduce the customer outstanding or to reduce the customer we have the deposit Concept in the EVS article that functionality is stopped in the fusion receivable so we have the option to create unapplied receipt as advance from the customer that we required setups then Define the customer data then Define customer sorry Define receptive class method under bank accounts okay then assign unapplied cash account at restrictive class under method so entry like General entry confirmed cash debit unapplied cash credit so we can see the entry confirmed cache debate unapplied cash credit okay right so how to create okay unapplied receipt in instance level right then login with the implementation user or business user go to home page go to home page go to receivers applications account receivable choose the your B unit go to task option create receipt select the your business unit receipt method which you created earlier give the receipt number which customer has given the check number or any reference number choose the target amount enter 4 lakh fifteen thousand then next you can see the receipt date as a system date accounting date as a system did because we open the period in GL restricted date we it is showing that today's date we open the AR module period Then you can see the overall client internal Banker branchney account name as a current bank account you can see the currency as INR or Ledger currency deposited date you can go overwrite then select the customer name as in jaitra I created this customer name before this okay functionality choose the site then if customer having the any bank account like uh external bank account you can choose the bank name Branch name bank account this will be default from customer profile level like payment tab we I added the bank account as a external bank account so next go here click submit apply manually click submit apply manually then you can see the amount okay recorded against the unapplied amount fee I did not like apply to any open receivable until unless open disabled system will be considered as a unapplied amount then go to action if you want you can delete the receipt if required that setup was controlled by System option you can reverse the receipt if there are any like insufficient ones once we deposited in the bank account then you can do the accounting in draft you can see the journal entries you can able to override the some information but the entry will not go to jail let me create accounted draft means you can see draft accounting as I mentioned confirmed a cash debit unapplied cash credit the accounting has been completed so both in both lines are defaulting from a receipt class receipt method internal bank account level is saying the Conformity cash as a like uh account and unapplied cash also I assigned it setup so you can go to actions go to post to Ledger sister will be generate entry system will transfer system will run the automatic posting the single Ledger program to GL that entry directly will go on sit in the GL part once you review the general entry if you feel that account combination is the wrong that combination is the incorrect infusion we have the new functionality card override account you can override the account after accounting of the final status this is a new functionality in the future you can override with the new account reason submit it will initiate the another's automatic program so if you look at here okay let me refresh if you go to view accounting you can see the your accounting period GL that entry passes to the GL with the batch Name by System allocated today's date so you can happily like query the general entry in the GL you can drill down to GL two AR application to review this transaction so now status is confirmed one is confirm the receipt once confirmed standard receipt we will send it to our internal bank account for remittance purpose then next click the save and close then you can do the create receipt remittance batch choose the same B unit select the receipt class which we created a shift method that go to search and one give the today's date as a search engine then I created first record or first receipt then save a pro save a pro then run the create accounting scheduled program turn the create accounting scheduled program to do the accounting for remittance to do the accounting for remittance so remittance General inventory remitted cash debit conform order cash credit so both accounts are controlled by your receptive class received method under bank account security so these are all common questions you can expect in the regular interest like how many types of receipts are there tell me each received importance or purpose then tell me the received statuses like a new status then confirmed and remitted then we we may get the question what is an applied cash or what is an applied receipt when we receive the money from the customer as a deposit we will create as a unapplied recipient in future we can query the receipt with today's date or received number as in 2005 then go to edit button or edit option you can click the edit add open receivable you can search the invoice number or transaction number then you can apply to invoice the done applied will become applied so if client requested I would like to know how many deposits or unapplied receipts in a particular date and month are created at The Bu level so in EBS we have the standard report called an applied receipt in future we don't have the unapplied result we should okay develop the otba report to check the unapplied receipts okay so that is overall topic click right thanks for your time for watching