AR Administration Process |
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Every receivable transaction that is entered or generated by OAKS FIN must have a Reason Code associated with it. Reason Codes are paired with Entry Type categorizations to define the ChartFields strings used to specify the account to/from which money should be credited/debited. Multiple Reason Codes may be available for each Entry Type. If ChartFields are changed the associated Reason Codes must also be edited to match the new ChartFields distribution. AR Administrators may add, edit or delete Reason Codes as necessary.
The Charge Code page is used to associate the Charge ID – created by the AR Administrator – with the product code, description, unit of measure, unit price, and revenue distribution code for a specific type of service or commodity. The Charge Code specifies this information on customer bill line items.
Distribution Codes are a required Setup item in PeopleSoft. The Distribution Code page is used to establish new Revenue Distribution Codes and maintain existing values. Distribution Codes are used to expedite the creation and processing of revenue accounting entries for Accounts Receivable, Billing, and Contracts transactions.
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