Creating cash application options

  1. Select Financials > Receivables > Setup > Receivable Companies.
  2. Click Create.
  3. On the Apply tab, specify this information:
    Application Review Required
    Select this check box if an audit listing is required before applications can be posted to the Global Ledger.
    Discount Grace Days
    Specify the number of grace days that are added to the discount date. Automatic discount is used during cash application.
    Automatic Credit Apply
    Select this check box if automatic application can occur when you cross reference an invoice or debit memo to a credit memo.
    Application Post Date
    Select whether the default Global Ledger date for application records posting date is the system date or the payment credit post date.
    Interface to Payables
    Select this check box to control the interface between Receivables, Payables, and the automatic vendor creation aspect of this interface.
    Detail Payables Interface
    Select this check box to create detail records for Payables interfacing.
    Tax Recovery on Discount
    Select this check box if a prorated amount of tax is recognized from cash application discounting. This occurs on transactions that have tax-based distribution records.
    Allow Zero Payment Adjustments
    Select this check box to allow zero payment adjustments
    Past Due Discount Display
    Select this check box to display the past-due discount amounts during cash application.
    Over Application of Payment
    Select this check box to over-apply a short payment. This will fully exhaust an invoice and create a chargeback for the unpaid portion of the invoice.
    Third Party Payer
    Select this check box if third party payments are used and if payment to open items are used.
    Open Balance Include Draft
    Select this check box to include BOE item balances If this field is blank, then BOE item balances are excluded.
    Default Vendor Class
    Select the code that represents a subset of vendors within a vendor group.
    Prorate Gain Loss Amount To Distributions
    Select this check box to prorate the gain loss amount to distributions.
    Apply Cash Across Receivable Companies
    Select this check box to apply cash across Receivables companies.
    Allocate Tax Point Payment
    Select this option to allocate tax rate change from invoice date to payment date.
  4. Click Save.