Transactions are created in Oracle Receivables from shipment details or other related services delivered to customers. There is an accounting requirement to create receivables transactions soon after the shipment, service, or other related activity has been completed.
In some cases invoicing is delayed based on local statutory requirements, but for now let us assume that the activity which initiates invoicing has been satisfied and the invoice will be created.
AutoInvoice, described in the previous section, impacts all transactions creation (invoices, debit, and credit memos). Transaction types and batch sources are required to manage creation of any of these transactions.
Transaction types define the accounting (as related to your AutoInvoice definition), type of transaction, and if these should be accounted and open for receivables.
Batch sources define the numbering sequence and the ability to capture additional information related to transaction creation when AutoInvoicing...