Answer Posted / mstapps

Two key flexfield in receivable

1. Location flexfield
2. Territory flexfield

I.Location flexfield : sales tax is dependent on the ship
to location of the customer so
It is 'MONDATORY' flexfield for receivables.
Receivables provides six predifined location flexfield
structure which are as follow :
1.state, country,city
2.state,city
3.City
4.provident
5.province city
6.no validation country

II. Territory flexfield : Territory flexfield is used for
tracking the location in which the sales is taking place.
this is used for to findout the profitabilityu of each of
the sales location through generating reports.
It is a 'OPTIONAL' flexfield in receivables

For example Oracle has provided us with a territary
flexfield structure that is
Area,country,region

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