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

Answer / raghesh

remaining balance we will make refund . and it will automatically create an invoice in payable, and we can pay the invoice.

Answer / akash

Will raise a Credit memo for the rest amount i.e. Rs 5000

Answer / rafi

create receipt for 15000 and apply 10000 against invoice and
reaming 5000 credit customer account.(on account in receipt
work bench.

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.

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.

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.

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

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.

what is the tax levels in AP?

1 Answers  

Difference b/w Item Expense a/c, Material A/c & Expense A/c@Inventory org level?

1 Answers   Infosys,

can asset be retired in same month of creation?

3 Answers  

How do we depreciate Assets in Oracle Applications?

2 Answers  

R there any setups to change the source while entering Journals manually? The defaulted one is manual and the box is greyed out, how can i change the source?

1 Answers   Pfizer,

Hi, Friends i am Commerce Graduate (B.Com). I have completed my graduation in the year 2006. I have 3+ years of experience in Accouns. When i was in B.com 2nd year, since then i have been working as an Accountant. Apart from that i learnt Oracle Applications Finance from a Certified Partner of Oracle, but the thing is i dont have Oracle real time experince, and i want experience in oracle as Functional Consultant. Can i get job in oracle or i have to Procced in Accounts/Finance Field . Please advice me

1 Answers  

What are the difference between Deposit and Guarantee in AR

5 Answers   Xansa,

what was your SLA agreements in support project?

3 Answers   Genpact,

What is the formula for funds available ?

2 Answers   HCL,

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?

1 Answers   Deloitte,

I have created an invoice and made the payment in Accounts payable. Now the payment status is Negotiable and accounting status is processed. I reconciled the transaction in Cash Mgmt, The status changed from negotiable to Reconciled in CM. I checked the payment status for the invoice in payment window(AP), the payment status changed to RECONCILED UNACCOUNTED i.e correct but the accounting status is remain processed which is not the correct. I hope the transaction will be correct if the accounting status would have changed to PERTIAL . Please suggest any solution for the above query.

0 Answers   Student, TCS,

How do you adjust receivables?

0 Answers   IBM,