In this chapter, we will cover:
Customers are billed for goods and services by an organization. Oracle Receivables creates an invoice for the bill and the customers pay the invoices. The receipts for the bill are entered and monitored in receivables. In this chapter, we will look at how to create invoices and record the receipts from customers. Let's start by looking at the receivables process.
The following diagram summarizes an example of the receivables process: