Using the Credit Classification commonly known in Oracle Receivables, you can differentiate accounting treatment for Receivables based on different types of customers. Leveraging Subledger Accounting (SLA) in this context offers the flexibility to customize the creation of accounting entries in Oracle Receivables. Here’s how you can use SLA to derive the Receivables account based on the bill_customer_class_code:
Steps to Leverage SLA based on Customer Class:
- Define the Mapping Set:
- Define the Account Derivation Rule (ADR):
- Create a new ADR for Oracle Receivables.
- Set the module as Receivables and the event class relevant to your use case (like Invoice).
- Within the ADR, select the segment for which you want to derive the value (e.g., Revenue Account).
- Use the previously defined Mapping Set as the derivation mechanism.
- Update Journal Line Definitions (JLD):
- Navigate to the Journal Line Definitions relevant to Oracle Receivables.
- Update the ADR for the relevant line type (like Revenue) to use the ADR you just created.
- This means, whenever a journal line for revenue is created, it will use the ADR to determine the account combination.
- Application Accounting Definitions (AAD):
- If required, update the Application Accounting Definitions to incorporate the changes you’ve made in the JLD. This ensures that the whole accounting process recognizes and applies your custom rules.
- Testing:
- Review the accounting entries generated and ensure they adhere to the desired mapping based on customer class.
- Review and Adjust if Necessary:
- As business needs evolve, regularly review and adjust the mappings, derivation rules, and other SLA components. This ensures your accounting processes remain aligned with the business’s operational and reporting needs.
By utilizing the capabilities of SLA, Oracle EBS allows businesses to map Receivables accounts based on the specific class assigned to the customer, offering tailored, precise, and flexible accounting processes that cater to diverse business requirements.
