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