What are different types of transactions in ar? : oracle accounts receivable
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Answer Posted / Shekhar Kumar
In Oracle Accounts Receivable, there are various types of transactions:
1. Sales Invoice: Create an invoice for goods or services sold to customers.
2. Credit Memo: Issue a credit to a customer's account due to returned goods or other adjustments.
3. Cash Receipts: Record cash payments received from customers against invoices.
4. Payment Received: Record electronic payments such as bank transfers, wire transfers, and ACH payments.
5. Write-Offs: Write off uncollectible accounts or errors in accounting.
6. Adjustments: Make account adjustments for various reasons, such as pricing errors.
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