4 responses to “Account Recievables – Conversion – Invoices

  1. Pingback: Top Referred Articles on KnowOracle | Shivmohan Purohit's Oracle Applications Blog

  2. Hi

    I have a really urgent requirement .. One of our customer has requested to receive invoices in EDI format..

    In Ar ,, right now we end them in a PDF format.. based on further discussion, they want invoics in XML format..

    Now in AR where i can setup to generate invoices in XML format .. i know we have option for EDI .

    I wantto know what setup changes do i need to make in AR

    Any help will be appreciated.. please send me an email

    Thanks
    Manav

  3. Hello

    I would like to suggest an additional strategy. Don’t convert the open invoices. In most companies payment terms are between 30 and 60 days. So an alternative approach is to collect the payments for all open invoices and close them out on the legacy system.
    The major advantages of this strategy are

    1. Reduction in conversion cycle time and costs.
    2. Old Open Receivables, in other words issues, are not transferred to the new system.
    3. Action is taken on the non collectable items IE, Credits raised or Write-offs.

    The major disadvantages of this strategy are
    1. Users have to operate for a short period on two systems.
    2. Payments may relate to invoices on both systems so require additional work.

  4. Hi

    Thank you very much for this explanation. How do you link a debt memo to an invoice etc. Thank you again for taking the time to do this.

    Dave

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