How to refund for a customer who returns goods and wants a
refund for $600 in R12
In above scenarios customer does not want Credit Memo or On-
Account Credit, he wants refund check .
and as we know we do not issue check from AR.
How can we issue Check from AP and how offsetting is done
for the same in R12
Answer / geetha kishor
Hi,
Refunding to customer is automated in R12.
Required steps
1.create receivable activity for as refund
2.Set disbusrement bank account or use an exisiting account
open the reciept then click on apply button then choose the
refund as created in above step 1hen enter the amount to be
refund.The click on refund attributes on left hand corner
down side then enter the payemnt mode then save and then
close the winddow.oracle autmatically creates AP invoice.
note that supplier number is not created on this kind of
invocie.
Is This Answer Correct ? | 6 Yes | 2 No |
what are mandatory setups for Receipt creation.?
How do we integrate the financial Applications(Modules) in the Multi Organization?
Can i increse/Decrease ths size of value set ?
I have some scenario if I have 10000 transaction for the reconcile of payment, so what is best idea reconciliation for the payment manual or auto? If say auto way?
where does COGS account hit?
process from PO to Asset creation, with accounting entries.?
Can you end-date the SOB's in 11i or in R12 version?
how to create a journal source by user9
When we run the translation we can give only one rate type, then how can we run it for two different exchange rates?
What is the profile used to secure asset register?
What are the types of RFQ”S?
What is Aging Periods?