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:

Define Remittance Bank Account where:

• Bank Account is associated with Receipt Method

• Primary bank account is linked the Denver branch of Bank of America
• Bank account number ends with 2870

• Remittance bank account is effective as of January 1, 2023
• GL Accounts section must contain the values below for company segment 120 Supremo Fitness

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 Receipt Method. where:

• Name of the new receipt method is XXCheck (Replace XX with 03. which is your allocated User ID.)
• Receipt method must be effective as of January 1. 2023

After creating Receivables Activities using the General Ledger Rapid Implementation workbook upload process a Receivables Manager wants to review and make changes if required, to the account assignments created for these Receivables Activities.

Which two Receivables Activities DO NOT have account assignments to review and change?