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What is Deposit? A customer deposit Rs.15,000/ and he
ordered the goods of Rs.10,000/ against the deposit. Now he
wants the remaining cash back. how do you do in receivables?
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Answer / gopi krishna reddy
One method is Will raise a Credit memo for the rest amount
i.e. Rs 5000
second method is create refund the access amount through
refund feature which will raise a invoice in AP and pay
through that invoice
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / raghesh
remaining balance we will make refund . and it will automatically create an invoice in payable, and we can pay the invoice.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / akash
Will raise a Credit memo for the rest amount i.e. Rs 5000
| Is This Answer Correct ? | 10 Yes | 8 No |
Answer / rafi
create receipt for 15000 and apply 10000 against invoice and
reaming 5000 credit customer account.(on account in receipt
work bench.
| Is This Answer Correct ? | 4 Yes | 3 No |
Answer / kishore kumar
In R12 we have a option called Payment Request which will
create a payment in payable for the balance amount of 5000.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / prasadrao.ladella
Deposit is means an advance/pre-paid amount had been given by the customer to vendor/supplier.here deposit amt is 15000/- and he ordered the goods amt 10000/-, remaining 5000/- amount will be adjusted in two scenarios,
1) remaining 5,000/- will be payback to the customer with credit memo.
2) remaining 5,000/- will be adjusted by raise standard invoice adjusted with deposit transation.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ashish bisarya
Since the amount deposited was prior to sale, you shud post the amount as an advance GLAC with reference as customer's name.
When you sell, invoice to customer for full and instead of cash, knock-off 10K from advance.
Now your advance GLAC wud show a balance of 5K, which may be paid off or request the customer to utilize @ any future point of time, if is in regular business.
ERPs SAP, Oracle, JDE and MS Axapta allow these transactions without a fuss.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / kondasani narsireddy
One method is Will raise a Credit memo for the rest amount
i.e. Rs 5000
second method is create refund the access amount through
refund feature which will automatically create invoice in AP and u can pay
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / cramesh.oracle
raise the invoice in receivables for 10000/- for goods
supplied and apply deposit for 10000/-
raise another invoice in receivables for 5000/- revenue a/c
should be clearing A/c, then apply remaining deposit for 5000/-
raise invoice in payables to smae party for 5000/-
distribution a/c should be clearing A/c, then make the payment.
| Is This Answer Correct ? | 1 Yes | 2 No |
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