Creating Global Ledger codes

  1. Select Financials > Receivables > Setup > Receivable Companies.
  2. Click Create.
  3. Click the Accounts tab.
  4. In the Global Ledger Account Codes section, specify this information:
    Accounts Receivable Code
    Specify the Receivables code.
    Received Not Applied Code
    Specify the default code. This field contains a contra-asset account that is updated when payments are created and when payments are applied.
    Finance Charge Code
    If you specify a finance charge code in Rate Code, then specify the information for the applied finance charge code.
    Prepayment Code
    Specify a default prepayment code for the company.
    Proforma Prepayment Code
    Specify a default Proforma prepayment code for the company.
    Finance Charge Admin Fee Code
    Specify a default finance charge admin fee code for the company.
    Note: The Global Ledger Account fields for each field in the Global Ledger Account Codes section is populated after specifying each code.
  5. In the Accrual Global Ledger Interface Options section, specify this information:
    Detail Payments
    Select Yes Detail Accrual Interfacing if one Global Ledger interface record for each payment is created by the system.
    Detail Finance Charges
    Select Yes Detail Accrual Interfacing if one accrual Global Ledger interface record for each finance charge is created by the system.
  6. Click Save.