- Revision History
- Overview
- Common Technology and User Experience
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- Common Financials Features
- Intercompany
- Web Services
- Cash Management
- General Ledger
- Receivables
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- Additional Attributes to Identify Receipts for Reversal Using the Receivables Standard Receipt SOAP Service
- AutoInvoice Interface Lines Review and Update Using a REST API
- Current Direct Debit Authorization Update on Existing Invoices Using a SOAP Service
- Customer Modification to Standard Receipts Using a REST API
- On-Account Credit Memo Creation Using a REST API
- Receipt Methods Retrieval Using a REST API
- Tax
- Financials for EMEA
- Financials
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- Advanced Collections
- Assets
- Budgetary Control
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- Budget Entry Classification for Initial or Adjustment Budget Balance Using Spreadsheet and Budget Transfer
- Budgetary Control Budget Balance Synchronization to Different Period Names and Non Budgeted Segments
- Journal Sources Cost Accounting and Receipt Accounting Added As Budgetary Control Exceptions
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- Cash Management
- Expenses
- Federal Financials
- General Ledger
- Joint Venture Management
- Lease Accounting
- Payables
- Receivables
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- Additional Attributes to Identify Receipts for Reversal Using the Receivables Standard Receipt SOAP Service
- AutoInvoice Interface Lines Review and Update Using a REST API
- Country-Specific Inbound Acknowledgment and Status Processing for Receivables Invoices Delivered in Universal Business Language 2.1 XML Format
- Credit Case Folder Business Events
- Current Direct Debit Authorization Update on Existing Invoices Using a SOAP Service
- Customer Modification to Standard Receipts Using a REST API
- Funds Transfer Error Code Bulk Removal on Failed Invoices
- Non-Invoice Related Channel Revenue Management Deduction Claim Creation for Lockbox with Remittance References
- On-Account Credit Memo Creation Using a REST API
- Receipt Methods Retrieval Using a REST API
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- Revenue Management
- Tax
- Regional and Country-Specific Features
This document will continue to evolve as existing sections change and new information is added. All updates appear in the following table:
| Date | Product | Feature | Notes |
|---|---|---|---|
| 01 DEC 2021 | Payables | Electronic Filing of Forms 1099-MISC and 1099-NEC for Tax Year 2021 |
Updated document. Delivered feature in update 21C. |
| 24 AUG 2021 | Payables | Forms 1099-MISC and 1099-NEC for Tax Year 2021 | Updated document. Delivered feature in update 21C. |
| 04 JUN 2021 | Created initial document. |
This guide outlines the information you need to know about new or improved functionality in this update.
DISCLAIMER
The information contained in this document may include statements about Oracle’s product development plans. Many factors can materially affect Oracle’s product development plans and the nature and timing of future product releases. Accordingly, this Information is provided to you solely for information only, is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described remains at the sole discretion of Oracle.
This information may not be incorporated into any contractual agreement with Oracle or its subsidiaries or affiliates. Oracle specifically disclaims any liability with respect to this information. Refer to the Legal Notices and Terms of Use for further information.
Common Technology and User Experience
Employee Vacation and Delegation Rules Report
Use the Employee Vacation and Delegation Rules report to view the vacation and delegation rules set by your employees in Oracle Business Process Management (BPM). Workflow administrators can use this report to review details of the rules defined by employees to delegate or reassign their workflow tasks.
ERP Data Access Assignment Report
The ERP Data Access Assignment Report provides a listing of all active data access assignments managed by the Manage Data Access for Users module.
Service Excellence Continuing Investments
In this update, our ongoing investment in service excellence includes improvements in performance, usability, and messaging. Refer to the What's New for more information.
Credit Memo for Negative Intercompany Transactions
Create credit memos in Receivables and Payables for negative intercompany transactions. Transactions with a credit receivable and a debit payable are also created as credit memos.
Bank Transfers Using a REST API
View, create, and update bank transfers using the Bank Transfers REST API. This helps external systems to integrate with Cash Management for initiating and settling fund transfers between bank accounts.
Account Combination Shorthand Aliases Retrieval Using a REST API
Retrieve shorthand aliases for account combinations using the Account Combinations Shorthand Aliases List of Values REST API. Shorthand aliases help you search for an account combination with ease.
Chart of Accounts Filter Creation Using a REST API
Use the Chart of Accounts Filter REST API to create an identifier for a chart of accounts filter with one or more segments.This can reduce errors and improve efficiencies when submitting processes with account filter parameters.
Additional Attributes to Identify Receipts for Reversal Using the Receivables Standard Receipt SOAP Service
Specify additional attributes to Identify receipts for reversal using the processReverseReceipt operation in the Receivables Standard Receipt SOAP Service. This enables unique identification of receipts for automated receipt reversal and helps reduce errors when there are duplicate receipt numbers.
AutoInvoice Interface Lines Review and Update Using a REST API
Review and update AutoInvoice interface line attributes using the Receivables Transaction Interface Lines REST API.
Current Direct Debit Authorization Update on Existing Invoices Using a SOAP Service
Update the direct debit authorization on existing invoices where the debit authorization start date is later than the invoice creation date using the createUpdateCCToken operation on the Receivables Invoice SOAP Service.
Customer Modification to Standard Receipts Using a REST API
Add or update customers on standard receipts using the Receivables Standard Receipts REST API.
On-Account Credit Memo Creation Using a REST API
Create on-account credit memos without specifying an invoice or invoice line using the Receivables On-Account Credit Memo REST API.
Receipt Methods Retrieval Using a REST API
Retrieve receipt methods using the Get Receivables Receipt Method REST API. This feature helps you avoid duplication of efforts to retrieve receipt methods for external systems.
Tax Reporting Code Association Using a REST API
Create tax reporting code associations for suppliers, supplier sites, customers, and customer sites using the Create Tax Reporting Code Association REST API.
Netting Agreement Update Using a REST API
Update the netting agreement using the Netting Agreement REST API. This helps handling large volume of agreements.
Collections Data Point for Account Total Amount Past Due
Provide the data point Account Total Amount Past Due for Sites. This helps determine the collectability of open balances belonging to each customer site.
Asset Inquiry Page Enhancements
The Export to Excel icon in the Asset Inquiry page:
- Immediately downloads the spreadsheet file when the asset volume is less than 201.
- Delivers the spreadsheet file through a notification when the asset volume is more than 200.
Invoice Rules Tab in the Create Book and Edit Book Pages
Access the options related to invoice transfer from Payables using the Invoice Rules tab in the Create and Edit Book pages. Previously these options were located in the header region of these pages.
Budget Entry Classification for Initial or Adjustment Budget Balance Using Spreadsheet and Budget Transfer
In 21B users specify the budget entry classification as initial budget or budget revisions for file-based budget data import and budget spreadsheets to impact either initial or adjustment budget balances.
In this release, budget transfers from Review Budgetary Control Balances are classified as budget revisions and update budget adjustments balance regardless of the budget period status.
Budgetary Control Budget Balance Synchronization to Different Period Names and Non Budgeted Segments
Map the Budgetary Control budget segments and calendar to the General Ledger calendar and chart of accounts to enable automatic synchronization of the Budgetary Control and General Ledger budget balances.
Journal Sources Cost Accounting and Receipt Accounting Added As Budgetary Control Exceptions
Journals created from Cost Accounting and Receipt Accounting will be excluded by default when budgetary control is enabled for new ledgers.
Bank Transfers Using a REST API
View, create, and update bank transfers using the Bank Transfers REST API. This helps external systems to integrate with Cash Management for initiating and settling fund transfers between bank accounts.
Dual Currency Corporate Card Support
Upload corporate card transactions for dual currency corporate cards. Enable employees to submit them in expense reports and create payment requests for these transactions in the payment currency accepted by the card issuer.
Single Click Audit Activation with Preconfigured Rules
Allow companies to audit anomalous expenses, such as duplicate expenses, expenses with public sector attendees, and expenses with violations, using preconfigured models and rules. Enable this intelligent audit for the company by the click of a button.
U.S. Federal Accounting Based on Funding Derivation Type
Create Federal invoice and payment accounting based on funding derivation type to comply with the U.S Standard General Ledger requirements.
U.S. Federal Budget Execution Configuration
Configure Federal Groups, Federal Ledger Options, and Budget Transaction Types for the Federal budget execution process.
U.S. Federal Invoice Attributes for Direct Invoices
Capture federal attributes on direct invoice transactions (not matched to purchase orders or receipts) to support GTAS and CTA interfaces as well as PAM and SPS payments file formats.
Populate input system on the PAM payment file from Federal Options at the business unit level.
Account Combination Shorthand Aliases Retrieval Using a REST API
Retrieve shorthand aliases for account combinations using the Account Combinations Shorthand Aliases List of Values REST API. Shorthand aliases help you search for an account combination with ease.
Chart of Accounts Filter Creation Using a REST API
Use the Chart of Accounts Filter REST API to create an identifier for a chart of accounts filter with one or more segments.This can reduce errors and improve efficiencies when submitting processes with account filter parameters.
Create user-defined rules to calculate overhead charges or management fees for managing partners of a joint venture to recover costs associated with managing the joint venture.
In this initial release, Joint Venture Management enables you to calculate overhead based on a percentage of the costs to be billed to joint venture partners, with the flexibility to process the calculated overhead as a cost recovery or as a revenue to the joint venture.
Performance Improvements in Creating Joint Venture Definitions and Processing Transactions and Distributions
Performance improvements in key automated processes across the joint venture life cycle including creating joint venture definitions from a rapid implementation spreadsheet, identifying joint venture transactions, creating joint venture distributions, and generating joint venture receivables invoices.
Usability and Navigation Improvements for Joint Ventures
Usability improvements in Joint Venture Management applications provide increased productivity through reduction of clicks, minimized scrolling, and simplified navigation.
Enhancements include:
- Incorporation of intuitive and simplified application designs in the Joint Venture Distributions work area that focuses on an engaging user experience.
- Replacement of task name with task number in the Joint Venture Definitions work area.
Lease Accounting provides tools that support the end of lease processing activities of managing options and terminating leases. As leases move through their life and come to the end of the term, lessees need to make decisions related to these activities, and each one may increase or decrease the lease term. For example, exercising a renewal option extends a lease, but exercising a termination option shortens the lease. Lessees can also opt to do nothing and let the lease end naturally. Each choice has an impact on the lease dates, liability balance, and right-of-use balance.
Lease Disclosure Reports: Liability Analysis
Lease Accounting provides lease liability analysis reports to help lessees create the disclosures according to IFRS16 and ASC842 standards. These reports include discounted and non-discounted liability projections at the portfolio and lease level. The information is categorized by short-term liability, one to five year liability, and liability longer than five years.
Rapid Implementation for Lease Accounting
Complete setups required for Lease Accounting from a Rapid Implementation spreadsheet. Setups include Lease System Options, Lease Payment Templates, and Index Rates.
Prevention of Split in Invoice Accounting When Funds Are Not Reserved
Prevent invoice accounting splits when the invoice contains both expense and non-expense distributions, and the non-expense distributions should not be reserved in Payables and General Ledger. This removes the need to configure subledger accounting rules to block the split of accounting journals during import into General Ledger.
Recognition Rate Report for Image Invoices
Generate and review a report that indicates the recognition rate of invoice attributes created from imaging. Use the report to update setup data, such as supplier information, and to determine whether to implement adaptive learning on the invoices.
Forms 1099-MISC and 1099-NEC for Tax Year 2021
Generate Forms 1099-MISC and 1099-NEC for Tax Year 2021 according to the new layout published by the US Internal Revenue Service (IRS). Use Box 11 in the 1099-MISC form to report on cash payments of $600 or more made by individuals or corporations purchasing fish for resale. Invoices for such purchases should use an income tax type of MISC11. Additionally, Form 1099-NEC is resized to accommodate 3 forms on a page, in accordance with the new IRS regulations of 2021.
Electronic Filing of Forms 1099-MISC and 1099-NEC for Tax Year 2021
Generate electronic files for the Form 1099-MISC and the Form 1099-NEC according to the new specifications for tax year 2021 published by the US Internal Revenue Service (IRS). Use the 1099-MISC electronic file to report cash payments of USD 600 or more made by individuals or corporations purchasing fish for resale. Use the income tax type MISC11 for reporting such purchases. Form 1099-NEC now includes K records for reporting state totals when combined filing is enabled.
Additional Attributes to Identify Receipts for Reversal Using the Receivables Standard Receipt SOAP Service
Specify additional attributes to Identify receipts for reversal using the processReverseReceipt operation in the Receivables Standard Receipt SOAP Service. This enables unique identification of receipts for automated receipt reversal and helps reduce errors when there are duplicate receipt numbers.
AutoInvoice Interface Lines Review and Update Using a REST API
Review and update AutoInvoice interface line attributes using the Receivables Transaction Interface Lines REST API.
Country-Specific Inbound Acknowledgment and Status Processing for Receivables Invoices Delivered in Universal Business Language 2.1 XML Format
Provide inbound acknowledgment and status processing for Receivables invoices delivered in Universal Business Language 2.1 XML format for Australia and France, in accordance with country-specific legal requirements.
Credit Case Folder Business Events
Raise a business event when a credit case folder is created or needs a data refresh from external data sources.
Current Direct Debit Authorization Update on Existing Invoices Using a SOAP Service
Update the direct debit authorization on existing invoices where the debit authorization start date is later than the invoice creation date using the createUpdateCCToken operation on the Receivables Invoice SOAP Service.
Customer Modification to Standard Receipts Using a REST API
Add or update customers on standard receipts using the Receivables Standard Receipts REST API.
Funds Transfer Error Code Bulk Removal on Failed Invoices
Remove Funds Transfer Error codes on failed transactions to reattempt automatic receipt processing of these transactions.
Non-Invoice Related Channel Revenue Management Deduction Claim Creation for Lockbox with Remittance References
Provide automatic creation of non-invoice related Channel Revenue Management deduction claims for Lockbox receipts with remittance references provided. Accelerate claim processing to quickly settle underpayments and overpayments, including processing all settlement-related financial transactions.
On-Account Credit Memo Creation Using a REST API
Create on-account credit memos without specifying an invoice or invoice line using the Receivables On-Account Credit Memo REST API.
Receipt Methods Retrieval Using a REST API
Retrieve receipt methods using the Get Receivables Receipt Method REST API. This feature helps you avoid duplication of efforts to retrieve receipt methods for external systems.
Revenue Allocation When Using Standalone Selling Price Ranges
Automatically determine whether the stated selling price for goods and services sold falls within or outside the Standalone Selling Price range, and assign the Standalone Selling Price value for the purpose of revenue allocation, according to company accounting policy.
First Party Tax Registration Number Default on Payables Invoices Created Manually
Assign the first party tax registration number by default to Payables invoices during either invoice creation or import for organizations with advanced legal structures. Advanced legal structures include, for example, a legal entity with multiple legal reporting units or an organization with different tax registration numbers defined for each legal reporting unit. An incorrect first party tax registration number can lead to incorrect tax calculation and reporting.
Tax Reporting Code Association Using a REST API
Create tax reporting code associations for suppliers, supplier sites, customers, and customer sites using the Create Tax Reporting Code Association REST API.
Touchless Resubmission of Partner Transaction Data Extract
Automatically resubmit the data extract of Payables invoices and Receivables transactions to tax service providers for tax calculation when the first submission times out without a response. The automatic resubmission helps you to ensure proper tax calculation and prevents incomplete Receivables transactions and non-validated Payables invoices.
Regional and Country-Specific Features
Consolidated Discount and Price Adjustment Information in Fiscal Document Lines for Brazil
Use the enhanced Fiscal Document Extract for Brazil to consolidate discounts and price adjustments applied to sales orders in the corresponding line information in the fiscal document extract.
Transaction Number End Value Validation for Colombia
Incorporate and validate end values for Receivables transaction numbers in Colombia, as provided by the Colombian tax authority.
Receivables Transaction Number as Tax Invoice Number in the Electronic Invoice Flow for India
Provide the capability to use the Receivables transaction number as the India tax invoice number during electronic invoice processing. This simplifies the electronic invoice implementation for companies that do not require tax invoice number generation before shipment.
Netting Settlements Scheduling
Schedule netting settlements according to organization business requirements to improve overall netting processing.
Netting Agreement Update Using a REST API
Update the netting agreement using the Netting Agreement REST API. This helps handling large volume of agreements.
Asset Cost and Reserve Report for Germany
The Asset Cost and Reserve Report lists the asset cost and depreciation reserve balances at the asset, cost center, or statutory subcategory level. The report provides sorting and totals by asset category, asset type, cost account, cost center, statutory category, and statutory subcategory.
Generate and assign a QR code to customer invoices in accordance with Portuguese legal requirements.