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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 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 starti 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 a
Create a new bank account for Netting purposes. Use the existing Bank and Branch B
In the Account Controls, set the flag indicating that this account is to be used for N
In Receivables, Vision Operations USA responsibility, enter an invoice for your custo
The invoice must have the status Complete in order to be available for the netting pr
Check that the terms on the invoice are Immediate, so that the Due Date is today. D
In Payables, Vision Operation USA responsibility, enter an invoice for your supplier f
Do not enter any tax lines. Check that the terms on the invoice are Immediate, and v The invoice must have the status validated to be available for Netting.
Simulation Sheet
re information.
voice for your supplier for the total amount of USD 1000.
r Netting.
Use the responsibility Payables, Vision Operations USA, and define a netting agreeme Include the following transactions: For Payables, add Invoice Type Standard For Receivables, add Transaction Type Invoice
Search for your Netting batch, and monitor its status. You can also monitor the Conc
When the Status is Selected, click on the Update icon and then assure that your tran
define a netting agreement. You do not need to provide the site for your customer and supplie
hen assure that your transactions have been selected under the Payables and Receivables tabs