Receivables & Collections

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Topic

    Vanessa Low
    Track payments for specific revenue
    Topic posted November 13, 2019 by Vanessa Low, tagged Receivables 
    14 Views, 1 Comment
    Title:
    Track payments for specific revenue
    Summary:
    Need to track payments for specific revenue
    Content:

    We need to generate invoices which have revenue for different entities and we need to track payments against these revenues. i.e. we need to know how much was paid for each type of revenue.  How do we achieve this?

    Comment

     

    • Mikhail Bakharev

      Hi Vanessa,

      You can create transaction types per each revenue type, ensure you have AutoAccouting rules for revenue account from transaction type and then you can use standard/OTBI reports to get the receipt application per transaction type,

      Another option would be is to create Receivables accounts per each revenue type in your chart of accounts. If it's possible you can create transaction types per each revenue type, make sure AutoAccouting rules for the receivable account is from the transaction type and then you can use standard/OTBI reports to get the accounting of receipt application per each receivable account.

      Hope it helps

      Mikhail.