Open Receivable Options (OREO)

Open Receivable Options (OREO) provides controls that are specific to the Receivable (RE) document. It is used to override normal processing for the receivable. Open Receivable Options (OREO) contains the status flags that show what actions are taken for a delinquent receivable. It also contains flags that provide the ability to stop certain receivable processing such as finance charge accrual and invoice printing.


Receivable Number	Key field. Enter an open or recently closed receivable document number.
Accrue Finance Charge	Default is cleared [ N ]. Select [ Y ] to accrue finance charges. Leave cleared [ N ] to stop the accrual of finance charges against the receivable.
Generate Billing	Default is selected [Y] . Deselect this checkbox (leave cleared [ N ]) to stop the printing of customer invoices and collection letters for the receivable.
Payment Schedule	The payment schedule is displayed. If selected [ Y ], this receivable is entered on Payment Schedule (PSHD).
Dispute Indicator	Defaults to No Entry [blank] . Select Yes [Y] if a receivable is disputed by a customer. If Yes [Y] is selected, the Accrue Finance Charge and Generate Billing checkboxes must be cleared [ N ].
Collection Status	Defaults to Unknown [blank] . The last type of collection support processed against the receivable. Valid values are: Collections [C] Intercepts [I] Legal Action [L] Unknown [blank] Intercepts [I] is automatically entered into the status when a record is added to Warrant Intercept (WINT) for the receivable.
Write-Off	If Scheduled [S] is displayed, write-offs are scheduled, if Written-Off [W] is displayed, the receivable was already written-off. Inferred from Potential Uncollectible Receivable (PUNR).
Collection Agreement Number	Conditional. Required only if Collection Status is Collections [C] . This is the master service agreement number to which the receivable is assigned for collections. See Master Service Agreement (MSAT) for valid values.
Date Assigned	Display only. Date when Collection Agreement Number was entered. This is automatically updated by the system when Collection Agreement Number is entered.
Instruction Code	Optional. The instruction code entered on the receivable document is overridden by entering a valid value from Special Instruction (SPIS).