Client's requirement is that first invoice would be a
proforma invoice. Second invoice would be Tax invoice.
Presently, we are unable to use this approach of payment?
Answer / satish. botla
When we receive the Pro-forma Invoice we will process for
Gross amount ( with out considering Tax) and we will pay to
the supplier,after receive the TAX invoice for the Pro-
forma invoie we will process the Dummy Credit for the
Proforma invoice and we will process normal Tax invoice
with tax, after that both invoices payment method change to
wire and we will close the manually for our account
purpose.
If the invoice processed based on Purchase Order.
1. Proforma invoie we will process with Gross amount fully
with out tax.
2. when we process the Tax invoice we will process Dummy
Credit with the PO ( in this case total PO amount will go
back )
3. after processing DC we will process normal TAX invoce
and match with net value for the PO.
Is This Answer Correct ? | 2 Yes | 0 No |
If the client is totally dependent on manual on Manual transactions then Is the auto-accounting rules Mandatory?
Hi Friends, My Age is 31 Year and I have 6 years marketing(3yr) and accounts(3yr) experience. I wanted Learn ORACLE APPS Financial. is it better decision to changing my career from one domain to another ? if yes who will give me a fresher job as my age more then 30 . need all your suggests friends
what are the depreciation methods in oracle financials- fixed assets?
what is invoice price variance
Can i assign a supplier type of bank account to more than one supplier ?
What is Tolerance?
What is meant by pay on receipt auto invoice?
purchasing and payables done at what level? means operating unit level or SOB level?
What are the profile option mandatory in payable implementation?
What are the steps in setting up Oracle GL ?
I paid 10,000 Rs in advance to the employee for meeting his expenses. The employee met only 5000 expenses and the remaining 5000 he has to retern to the company. How will you define it.
What is the difference between Recurring Journals and Recurring Invoices? What is the need for the Recurring Journals in GL when Recurring invoices exist in AP?