Auto Accounting Standard Lines
Camie Fons
This note was created to facilitate troubleshooting issues regarding AutoAccounting in AutoInvoice.
AutoAccounting is a powerful, flexible, and time saving feature that automatically defaults your general ledger Accounting Flexfields during data entry. You can set up AutoAccounting to create Accounting Flexfields that meet your business needs.
In Receivables, AutoAccounting is enabled for the following Accounts:
In this Document
PurposeTroubleshooting Steps 1. Troubleshooting AutoAccounting related errors encountered during Import
a. Error: Not all AutoAccounting types are defined b. Error: Please complete the offset account assignments
Error: Please complete your tax accounting flexfield
Error: Please correct the receivable account assignment
Error: Please correct the revenue account assignment
Error: Please correct the freight account assignment 1) Review Segment Sources a) Segments Source = Salesreps b) Segment Source = Standard Lines c) Segment Source = Taxes d) Segment Source = Transaction Types e) Segment Source = Sites 2) Validate the Shipping Inventory Organization 3) You are providing data in RA_INTERFACE_DISTRIBUTIONS_ALL 4) Check the profile option: AR: Use Invoice Accounting for Credit Memos 5) Check if the GL account exists and is active 6) Verify Accounting Flexfield setting for Enabled and Allow Dynamic Inserts 7) Verify whether the GL account does not violate any cross-validation rules of the segments. 2. Troubleshooting Unexpected Behavior re. AutoAccounting a. AutoAccounting for invoices from OM is failing if source = Standard Line (Inventory Item) b. Default Value Not Working As Expected c. AutoAccounting overrides distributions from RA_INTERFACE_DISTRIBUTIONS_ALL d. Impact of System Parameter: Item Validation Organization (previously Profile Option: OE: Item Validation Organization) e. Impact of RA_INTERFACE_LINES.OVERRIDE_AUTO_ACCOUNTING_FLAG f. Impact of Cross Validation Rules g. Unexpected GL accounts derived for Revenue / Receivables when AutoAccounting is based on Salesreps h. Wrong Revenue GL distributions when AutoAccounting is based on Salesreps 3. Troubleshooting issues in Imported Transactions in the Transaction Workbench a. Warning: Rerun AutoAccounting when maintaining AutoInvoice sourced transactions Still have Questions?References My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.
The definitions in this glossary are developed by the NAIC Research and Actuarial Department staff based on various insurance references. These definitions represent a common or general use of the term. Some words and/or phrases may be defined differently by other entities, or used in a context such that the definition shown may not be applicable.
Accident Only - an insurance contract that provides coverage, singly or in combination, for death, dismemberment, disability, or hospital and medical care caused by or necessitated as a result of accident or specified kinds of accident.
Accident Only or AD&D - policies providing coverage, singly or in combination, for death, dismemberment, disability, or hospital and medical care caused by or necessitated as a result of accident or specified kinds of accidents. Types of coverage include student accident, sports accident, travel accident, blanket accident, specific accident or accidental death and dismemberment (AD&D).
Accumulation Period - period of time insured must incur eligible medical expenses at least equal to the deductible amount in order to establish a benefit period under a major medical expense or comprehensive medical expense policy.
Actuarial Report - (PC Insurance)a document or other presentation, prepared as a formal means of conveying to the state regulatory authority and the Board of Directors, or its equivalent, the actuary's professional conclusions and recommendations, of recording and communicating the methods and procedures, of assuring that the parties addressed are aware of the significance of the actuary's opinion or findings and that documents the analysis underlying the opinion. (In Life and Health) this document would be called an "Actuarial Memorandum."
Advance Premiums - occur when a policy has been processed, and the premium has been paid prior to the effective date. These are a liability to the company and not included in written premium or the unearned premium reserve.
Aggregate Cost Payments - method of reimbursement of a health plan with a corporate entity that directly provides care, where (1) the health plan is contractually required to pay the total operating costs of the corporate entity, less any income to the entity from other users of services, and (2) there are mutual unlimited guarantees of solvency between the entity and the health plan that put their respective capital and surplus at risk in guaranteeing each other.
Alien Company - an insurance company formed according to the laws of a foreign country. The company must conform to state regulatory standards to legally sell insurance products in that state.
Annual Statement - an annual report required to be filed with each state in which an insurer does business. This report provides a snapshot of the financial condition of a company and significant events which occurred throughout the reporting year.
Asset - probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events. An asset has three essential characteristics: It embodies a probable future benefit that involves a capacity, singly or in combination with other assets, to contribute directly or indirectly to future net cash inflows; A particular entity can obtain the benefit and control others' access to it; and The transaction or other event-giving rise to the entity's right to or control of the benefit has already occurred.
Auto Liability - coverage that protects against financial loss because of legal liability for motor vehicle related injuries (bodily injury and medical payments) or damage to the property of others caused by accidents arising out of ownership, maintenance or use of a motor vehicle (including recreational vehicles such as motor homes). Commercial is defined as all motor vehicle policies that include vehicles that are used primarily in connection with business, commercial establishments, activity, employment, or activities carried on for gain or profit. No Fault is defined by the state concerned.
Auto Physical Damage - motor vehicle insurance coverage (including collision, vandalism, fire and theft) that insures against material damage to the insured's vehicle. Commercial is defined as all motor vehicle policies that include vehicles that are used in connection with business, commercial establishments, activity, employment, or activities carried on for gain or profit.
BCEGS - Building Code Effectiveness Grading Schedule - classification system for assessment of building codes per geographic region with special emphasis on mitigation of losses from natural disasters.
Boatowners/Personal Watercraft - covers damage to pleasure boats, motors, trailers, boating equipment and personal watercraft as well as bodily injury and property damage liability to others.
Boiler & Machinery or Equipment Breakdown & Machinery - coverage for the failure of boilers, machinery and other electrical equipment. Benefits include (i) property of the insured, which has been directly damaged by the accident; (ii) costs of temporary repairs and expediting expenses; and (iii) liability for damage to the property of others. Coverage also includes inspection of the equipment.
Bonds - a form of debt security whereby the debt holder has a creditor stake in the company. Obligations issued by business units, governmental units and certain nonprofit units having a fixed schedule for one or more future payments of money; includes commercial paper, negotiable certificates of deposit, repurchase agreements and equipment trust certificates.
Book Value - original cost, including capitalized acquisition costs and accumulated depreciation, unamortized premium and discount, deferred origination and commitment fees, direct write-downs, and increase/decrease by adjustment.
Broker - an individual who receives commissions from the sale and service of insurance policies. These individuals work on behalf of the customer and are not restricted to selling policies for a specific company but commissions are paid by the company with which the sale was made.
Builders' Risk Policies - typically written on a reporting or completed value form, this coverage insures against loss to buildings in the course of construction. The coverage also includes machinery and equipment used in the course of construction and to materials incidental to construction.
Burglary and Theft - coverage for property taken or destroyed by breaking and entering the insured's premises, burglary or theft, forgery or counterfeiting, fraud, kidnap and ransom, and off-premises exposure.
Business Auto - coverage for motor vehicles, other than those in the garage business, engaged in commerce. Business auto filings include singularly or in any combination coverage such as the following: Auto Liability, PIP, MP, Uninsured Motorist and/or Underinsured Motorists (UM/UIM); Specified Causes of Loss, Comprehensive, and Collision.
Capital and Surplus Requirement - statutory requirement ordering companies to maintain their capital and surplus at an amount equal to or in excess of a specified amount to help assure the solvency of the company by providing a financial cushion against expected loss or misjudgments and generally measured as a company's admitted assets minus its liabilities, determined on a statutory accounting basis.
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