Step-by-Step Guide to Create an Account Rule with 3 Priorities in Oracle Fusion Step 1: Navigate to Manage Account Rules
* Log into Oracle Fusion with appropriate privileges for Subledger Accounting.
* Go toSetup and Maintenance.
* In theFunctional Setup Manager (FSM), navigate to:
* Financials
* Subledger Accounting
* Manage Account Rules.
Step 2: Create the Account Rule
* ClickCreateto add a newAccount Rule.
* Enter the following details:
* Name: Revenue Account
* Subledger Application: AHC Billing
* Process Category: AHC Billing
* Event Class: AHC Billing
* Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement
* Rule Type: Account
* ClickSave, then proceed to definePriorities.
Step 3: Define Three Priorities for the Revenue Account Rule
Now, define three priorities for determining the revenue account:
Priority 1: Derived from Transaction Type
* ClickAdd Rowto definePriority 1.
* SetPriority Orderas1.
* DefineCondition:
* IfTransaction Type = "Customer Billing", thenAccount = 4000 (Revenue Account)
* Source Type: UseTransaction Typeas the basis.
* ClickSave.
Priority 2: Derived from Customer
* ClickAdd Rowto definePriority 2.
* SetPriority Orderas2.
* DefineCondition:
* IfCustomer Category = "Wholesale", thenAccount = 4010 (Wholesale Revenue)
* Source Type: UseCustomer Categoryas the basis.
* ClickSave.
Priority 3: Default Revenue Account
* ClickAdd Rowto definePriority 3.
* SetPriority Orderas3.
* DefineCondition:
* Default Revenue Account = 4999(for any other transactions)
* Source Type: UseConstant Value.
* ClickSave.
Step 4: Validate and Assign the Account Rule
* ClickValidateto ensure the rule has no errors.
* Navigate toManage Journal Entry Rule Sets.
* Locate theAHC BillingJournal Entry Rule Set.
* Assign the newly createdRevenue Account Ruleto theappropriate Journal Line Rule(such as Revenue or Income).
* ClickSave and Close.
Step 5: Test the Account Rule
* Go toSubledger Accounting > Accounting Entries.
* Generate accounting for different transactions:
* Customer Billingshould deriveAccount 4000.
* Wholesale Customer Billingshould deriveAccount 4010.
* Other transactionsshould deriveAccount 4999.
* Review and confirm that the correct accounts are assigned.