Setting functional defaults

This activity allows you to define the functional defaults for the “Customer Receipt” business component. Function defaults are set for the system to follow while raising a receipt received from a customer. By default the system sets predefined values. These functional defaults can be modified according to the requirements of the user.

This page allows you to set the functional defaults the first time you install this business component. You can set defaults for the finance book, in which the, the posting is to be effected, the type of adjustment that has to be followed for adjusting receipts with debit documents and the organization unit in which the adjustments can be made. The system stores the login ID of the user and the system date along with modified details..

Select the “Set Function Defaults” link under the “Customer Receipt” business component.

The “Set Function Defaults” page appears.

Enter the following fields:

Allow Multiple Finance Book Postings	Use the drop-down list box to set whether receipt postings have to be made in multiple finance books. The system displays “Yes” by default on launch of the page.
Default Finance Book	Use the drop-down list box to select the code identifying the finance book in which all the financial postings must be made for the login organization unit. All the finance books mapped to the login organization unit will be available for selection in the alphabetical order. You must select the finance book if “Allow Multiple Finance Book Postings” has been set to “No”.

Note: The finance book selected must be a valid one.

Allow Documents of Multiple Invoicing points	Use the drop-down list box to set whether you want to allow debit documents from different organization units other than the login organization unit.
	Yes – indicates that debit documents raised at different organization units will be available for selection and subsequent adjustment.
	The system displays “Yes” by default on launch of the page.
Allow Cross Currency Receipts	Use the drop-down list box to set whether you want to allow cross currency receipts. For example the currency of the receipt could be “US Dollars” and the debit document could be “Euro”.
	Yes – indicates that receipt can be received in a currency that is different from the debit document chosen for adjustment.
	The system displays “Yes” by default on launch of the page.
Debit Document Adjustment Sequence	Use the drop-down list box to select the order in which the debit documents must be adjusted in the case of “Automatic” adjustment. You can select from “LIFO” and “FIFO”.
	FIFO – indicates “ First In First Out”, that is the adjustment must be made with documents that have been raised recently.
	LIFO – indicates “Last In First Out”, that is the adjustments must be made with first raised documents based on the payment due date.
	The system displays “FIFO” by default on launch of the page.
Adjustment Type	Use the drop-down list box to select the method in which the debit documents must be adjusted from “Automatic”, “Manual” and “Both”.
	Automatic – indicates the system picks the debit documents of its choice for adjusting it with the payment received based on the adjustment sequence selected.
	Manual – indicates that the selection of the debit documents against which the payment received has to be adjusted is the prerogative of the user.
	Both – indicates that the user can select either “Automatic” or “Manual” as the adjustment type in the other activities of customer receipt business component.
	The system displays “Automatic” by default on launch of the page.
Default Adjustment Type	Use the drop-down list box to select the type of adjustment that has been selected for the login organization unit from “Automatic” and “Manual”.

Note: “Automatic” will not be loaded if the adjustment type is “Manual”. Similarly “Manual” will not be loaded if the adjustment type is “Automatic, in the other activities of Customer Receipt Component”.

Default Adjustment Point

Use the drop-down list box to select the organization unit that has been defined as an adjustment point. All the organization units that have been mapped to the login organization unit will be available for selection in the alphabetical order.

Click the “Set” pushbutton to save the settings made.

The system stores the login ID of the user and the system date along with settings selected.