Creating cash application codes

  1. Select Financials > Receivables > Setup > Cash Applications.
  2. Click Create.
  3. Specify this information:
    Automatic Cash Application Code
    Select a cash application code.
    Description
    Provide a description for the code.
    Methods Based Transaction Set
    Select this check box to select one or more methods based processing methods.
    Remittance Method
    Select this check box to apply the payment’s remittance records as a reference for open invoices.
    Last Statement Method
    Select this check box to apply the oldest payments to the open items on the customer's last statement.
    Aging Period Method
    Select this check box to apply the payments that are passed from the payment amount to these combinations of aged period balances:
    1. Sum all periods from Future 1 to Period 8. If the periods match, then apply the changes to all detail.
    2. Match each period from Future 1 to Period 8. If any matches are found, then apply the changes to the respective detail.
    3. Sum all past due periods. If the periods match, then apply the changes to the respective detail records.
    4. Sum all past due periods and the current period. If the periods match, then apply the changes to the respective detail.
    5. Sum the current period and the past due Period 1. If the periods match, then apply the changes to the respective detail.
    User Defined Based
    Select this check box to define a Customer Group condition.
    Custom Group
    Define a custom group to create a simple to complex condition that contains a user-defined set of rules within the Receivable Invoice Detail business class. A payment is only applied to the Receivable Invoice Detail records that meet the condition.
    Oldest Based
    Select this check box to apply the oldest payments to the oldest invoices and debit memos.
    Credit Memo Option
    Select whether credit memos must be Process All First, Exempt, or Process In Order.
    Exempt Debit Memos
    Select this check box if debit memos are exempt from processing.
    Exempt Disputes
    Select this check box if disputes are exempt from processing.
    Exempt Application Tolerances
    Select this check box if application tolerances are exempt from processing.
    Exempt EFT Transactions
    Select this check box if Electronic Funds Transfer-based transactions are exempt from processing.
    Exempt Discounting
    Select this check box if discounting is exempt from processing.
    Include payment codes
    Select the payment codes to include the transaction to be processed.
    Exclude payment codes
    Select the payment codes to exclude the transaction to be processed.
    Include invoice type codes
    Select the invoice type codes to include the transaction to be processed.
    Exclude invoice type codes
    Select the invoice type codes to exclude the transaction to be processed.
  4. Click Save.