What two items are required for customer invoicing?
A.
Lockbox
B.
Customers
C.
Remit-to address
D.
Customer Profile Classes
Explanation:
B: A customer is a party, either an organization or a person, with whom you have a selling
relationship. This selling relationship can result, for example, from the purchase of products and
services or from the negotiation of terms and conditions that provide the basis for future purchases.
You create customers to properly record and account for sales transactions, as well as to identify
other attributes of the selling relationship. Recording a sales transaction requires that a customer,
stored as a party in Oracle Fusion Trading Community Model, has both an account and an account
site with a bill-to purpose.
C: The remit-to address lets your customers know where to send payment for their open debit
items. After you create a remit-to address, you can assign it to the bill-to addresses of the customers
and customer sites that you designate by country and, if applicable, by region and postal code range.
During the import process, AutoInvoice rejects all invoices for which it cannot determine a remit-to
address. In order for AutoInvoice to import an invoice, you must either define a remit-to address for
the geographical location of each applicable bill-to site or define a remit-to address to use as default
for one or more locations.
Incorrect answers:
A: Use lockbox to create receipts in Oracle Fusion Receivables from data supplied by your remittance
bank and apply receipts to customer transactions.
D: Use profile classes to organize your customer accounts into categories that reflect the needs of
your enterprise. The profile class record contains generic options that you can set in different ways
to group your customers into broad categories, such as by industry, location, size, creditworthiness,
business volume, or payment cycles.