You created a new enterprise structure in the Cloud for a single country. In the structure, there are two legal entities: a single ledger and two business units (representing two warehouses, each owned by one of the legal entities). The tax regulations are common between the legal entities.
When assigning the tax regime to parties, what should you do to share all setup for Tax?
This is the best option to share all setup for Tax when the tax regulations are common between the legal entities. The ledger is the highest level of party hierarchy and can be assigned as the Global Configuration Owner to share the tax regime, tax rates, and tax rules across all parties under it. Verified Reference: [How You Assign Tax Regimes to Parties - Oracle]
Which flexfields does Autolnvoice require to identify transactions and transaction lines, if you load the interface using a customized form?
These are the two flexfields that AutoInvoice requires to identify transactions and transaction lines, if you load the interface using a customized form. They are used to group transaction lines into transactions and assign transaction attributes. Verified Reference: [How You Define AutoInvoice Grouping Rules - Oracle]
In Collections, strategies can be executed based on the wait times defined on a strategy task. When the feature is enabled, you can also assign wait times for strategies based on their transaction type. Which condition must be set for the transaction level when defining a new strategy task by transaction type?
This is the condition that must be set for the transaction level when defining a new strategy task by transaction type. DaysLate is the number of days that a transaction is past due. You can use this condition to execute strategies based on how overdue a transaction is. Verified Reference: [How You Define Strategy Tasks by Transaction Type - Oracle]
When entering the Customer import upload spreadsheet, which two columns, if populated with *NULL will remove the existing values on loading?
These are the two columns that, if populated with *NULL, will remove the existing values on loading. They are part of the customer profile class attributes that can be updated using customer import. Verified Reference: [How You Manage Customer Data Uploads - Oracle]
Manage Receipt Classes and Methods
Scenario
Supremo US Business unit needs to capture customer payments that will be reconciled in the Cash Management application. You need to define a receipt class and receipt method, and assign the appropriate bank account to meet this requirement.
Task:
Create a manual Receipt Class, where:
Name of the new receipt class is XXReceipt Class (Replace XX with 03, which is your allocated User ID.)
Receipts using this new receipt class will not be remitted
Organization will use Cash Management to clear their receipts
Log in to Oracle Financials Cloud.
Click on theReceipt Classesicon in theReceivableswork area.
Click on theCreatebutton.
In theReceipt Classwindow, enter the following information:
Name:XXReceipt Class (Replace XX with your allocated user ID.)
Creation Method:Manual
Remittance Method:No Remittance
Bank Account:The bank account that will be used to clear receipts for this receipt class.
Click on theSavebutton.
The new manual receipt class will be created.
To make sure that receipts using this receipt class will not be remitted:
Click on theRemittance Methodstab.
Select the check box next toNo Remittance.
Click on theSavebutton.
The receipts using this receipt class will now not be remitted.
