Netting  — When a trading partner is both a customer and a supplier, you may choose to offset open receivables’ against open payables’ items. Netting Agreements add trading partner terms as well as deploying company controls. A selection program automatically pulls information from Oracle Receivables and Oracle Payables taking into consideration discounts, late fees, and withholding taxes prior to determining the final netting amount. A review process and trading partner approval afford further verification to support the netting event.

 

2 thoughts

  1. Pingback: Top Referred Articles on KnowOracle | Shivmohan Purohit's Oracle Applications Blog

  2. Would like to know on when will you publish Oracle EBIZ R12.x documents like the way available for 11.x. If I have to pay, please let me know, I am ready for it especially for useful documents.

    Like

    Reply

Want to give some comment to author ( Shivmohan Purohit )

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Google photo

You are commenting using your Google account. ( Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s