Recent Posts by Michele Casey

A common error when running the program Create Accounting in Receivables is: ERROR: 95276 The subledger journal entry does not balance by entered currency and there is no entered currency balancing account defined for ledger XYZ. Please define an entered currency balancing account for the ledger of update the entered debit and entered credit amounts for each subledger journal entry line. The cause of this error is balancing account setup at the ledger level is missing. The...

Late Charges is an area of functionality that has steadily been enhanced since it was first introduced as Finance Charges in Release 11i.  In Release 12, it now includes both interest and penalty charges, and has more flexibility in calculation, documentation and storage of the charges.  Additionally in Release 11i, users had to run the Dunning or Statement process to kick off calculation of finance charges, but in Release 12 late charges is a standalone process. You can...

 In the United Kingdom (UK), Vocalink (BACS Technology partner) provides up to date details of the modulus checking methods in use for a number of UK banks and financials institutions to validate UK  Bank Account and to sort code numbers, along with the required weighting tables and sort code substitution data.  An algorithm can be used along with these tables to validate the bank account. There are three types of modulus checks that are performed on the UK bank accounts.    Mod...

Oracle Receivables highly recommends the following if you are running R12.0 application version.1.  Upgrade to 12.0.6 if you are not on 12.0.6. 2.  Apply the latest consolidated patch for Receivables: Patch 12702898:R12.AR.A 3.  Run Import/Validate AAD following the following notes: See Doc ID 1457581.1 for seeded definitions See Doc ID 872067.1 for custom definitions if used. 4.  Use the Subledger PeriodClose Exception Report to view all accounting events and journal entries...