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 N
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 startin
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 ar

3. Define a Netting Bank Account

Create a new bank account for Netting purposes. Use the existing Bank and Branch Ba

In the Account Controls, set the flag indicating that this account is to be used for Ne

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 custom

The invoice must have the status Complete in order to be available for the netting pro

Check that the terms on the invoice are Immediate, so that the Due Date is today. Do

5. Enter Payables Invoice

In Payables, Vision Operation USA responsibility, enter an invoice for your supplier fo

Do not enter any tax lines. Check that the terms on the invoice are Immediate, and va

The invoice must have the status validated to be available for Netting.

Simulation Sheet

f customer / supplier to Netting the invoices.

his document as a starting point.

e information.

nd the Payment Terms are set to Immediate.

sting Bank and Branch Bank of America, New York.

ount is to be used for Netting:

n invoice for your customer for the amount of USD 750.

ilable for the netting process.

the Due Date is today. Do not enter any tax lines.

voice for your supplier for the total amount of USD 1000.

ce are Immediate, and validate it.

r Netting.

6. Create a Netting Agreement

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

Note the profile options

7. Create a Netting Batch

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

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

define a netting agreement. You do not need to provide the site for your customer and supplier

an also monitor the Concurrent Request using View Requests.

en assure that your transactions have been selected under the Payables and Receivables tabs.

ur customer and supplier.

es and Receivables tabs.