Update 20A

Revision History

This document will continue to evolve as existing sections change and new information is added. All updates appear in the following table:

Overview

This guide outlines the information you need to know about new or improved functionality in this update.

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FINANCIALS

Advanced Collections

Exclude Internal Invoices from Collection Activities

Mark as internal Receivables invoice installments that you want to exclude from collections scoring, strategy assignment, and dunning.

Skip or Cancel Collections Strategy Tasks Using a REST Service

Skip or cancel strategy tasks using the enhanced Collections Strategies REST service.

Assets

Calculate Monthly Lease Interest for Nonmonthly Asset Lease Payments

Calculate monthly accrued interest for leases with quarterly, semi-annual, or annual frequency. The application calculates the present value based on the lease payment frequency, and then allocates the calculated interest evenly to each month.

Bill Management

Review Balance Forward Bill Details Using Bill Management

Use Bill Management to view opening balance, payments, current charges, and credits and adjustments on balance forward bills.

Cash Management

Reconcile Journal Lines for Multiple Cash Account Combinations

Reconcile journal lines of multiple cash account combinations matching the same natural account and other specified segment values. Previously, only journal lines created for the complete cash account combination were available for reconciliation.

The Cash to General Ledger Reconciliation Report is also enhanced to display journal lines and closing balances of such cash account combinations.

General Ledger

Configurable Journal Workflow Notifications

Use enhanced workflow notifications for journal approval. You can use Oracle Business Intelligence Publisher templates to generate email and in-application notifications. Modify templates to meet business requirements and policies.

Prevent General Ledger Period Closure When Open Subledger Periods Exist

Prevent the closure of a General Ledger accounting period if the accounting period for any of the corresponding subledgers is still open, or if incomplete accounting entries or transactions exist for the period.  This ensures an effective period close process by validating all transactions are complete and aren't held up during the close.

Payables

Receive and Process Electronic Invoices Compliant with the European Standard EN 16931

Receive and process electronic invoices compliant with the European electronic invoicing standard EN 16931 using UBL 2.1 XML format. A message definition for EN 16931 is available in the Collaboration Messaging Framework.

Payments

Capability to View Up to Six Digits of the Bank Account Number

Enables you to view the last six digits of the external bank account number. Currently you can view only the last four digits. You need to change the masking settings in the Manage System Security Options to achieve this.

Reevaluate Routing Rules During Receipt Remittance

Reevaluate routing rules for direct debit transactions during receipt remittance. Receipts can be routed using different routing rules if the remittance bank account on the receipt has been changed by user during remittance.

Use Two-Factor Authentication for Inbound File Transmission

Secure inbound transmission of acknowledgment file and bank statement using two-factor authentication. You can configure authentication based on a security key in addition to user credentials in the transmission configuration setup.

Receivables

Configurable Credit Memo Request Approval Workflow Notifications

Use enhanced workflow notifications for credit memo request approval. You can use Oracle Business Intelligence Publisher templates to generate email and in-application notifications. Modify templates to meet business requirements and policies.

Delay Creation of Credit Memo Until Rebill is Processed

Configure credit memo approval workflow to delay the creation of a credit memo until the rebill is processed.

Disallow Future Dated Invoices Created Manually When Chronological Document Sequence Enabled

Disallow creation of invoices manually with future transaction and accounting dates when chronological document sequencing is enabled on the ledger.

Override Default Scoring Models on Credit Case Folders

Change the default scoring model during credit review according to the requirements of your enterprise and the customer. Case folder templates with scoring models are assigned based on credit classification and review type.Changing the scoring model updates the credit score associated with the review.

Recognize Scheduled In-Arrears Revenue After Payment is Received

Recognize revenue on transactions that use the In Arrears invoicing rule after you receive payment. The In Arrears rule normally recognizes revenue based on the predetermined revenue recognition schedule. You can assign the transaction or transaction line a payment-based revenue contingency to temporarily defer revenue recognition until payment is received.

Revenue Management

Allocate Revenue to Promised Details Based on Extended Standalone Selling Prices

Select the extended standalone selling price amount to allocate revenue within a performance obligation using the new Performance Obligation template attribute, Allocation Basis. Control how performance obligation revenue is distributed and recognized across the individual lines of the performance obligation.

Tax

Troubleshoot Missing Taxes on Transactions Using the Enhanced Tax Simulator

Improve tax compliance by using the enhanced Tax Simulator to analyze why a particular tax was not automatically calculated. Accurately identify the tax configuration errors and apply the corrective fix.

Use Default Values When Tax Calculation Finds Inconsistent Tax Configuration

Minimize run-time errors during transaction processing by allowing the tax engine to use predefined default values for tax status, tax rate, and other tax line attributes when the process encounters an inconsistent tax configuration. This helps improve auditability and allows tax specialists to correct the tax configuration.

View Third-Party Details of Imported External Transactions

View third-party details of external transactions on the Review Subledger Journals page after you import them using the Tax Entry Repository Data Upload process.

Transactional Business Intelligence for Financials

Enhancements to Receivables Subject Areas

Report on customer account descriptive flexfields in the Oracle Transactional Business Intelligence Receivables - Transactions Real Time subject area.

Report on Active and Inactive Requestors in Payables Subject Areas

Report on both active and inactive requestors in the Payables Invoices - Transactions Real Time and Payables Invoices - Prepayment Applications Real Time subject areas.

Regional and Country-Specific Features

Financials for Asia/Pacific

Enable Electronic Filing of GST Annexure-1 Per Revised GST Reporting Structure for India

Enable filing of GST Annexure-1 electronically as required by revised GST reporting structure for India. The extract contains details of all outward supplies, inward supplies liable to reverse charge, and imported goods and services required for the annexure.