Oracle AR builds on top of customer and customer transactions (receivables/incoming money)
Receipts are inbound payments, which can be of different types.
1. Unidentified receipts - When customer is not identified based on the receipt record in inbound file.
2. Standard receipts - When customer is identified based on the receipt record in inbound file.
3. Applied receipts - When customer is identified based on the receipt record in inbound file and amount is applied onto installments. When the receipt amount is more than customer balance we can Apply On Account as well.
