Answer / guest

there are two types of prepayments

Permanent
Temporary

If you make permanent prepayment u cant apply it to any
invoice

If you make Temporary prepayment to close the transaction u
have to apply it to an invoice

Answer / raghu kalavendi

Two types of Prepayment

Permanent Temporary

Cannot adjust to invoice an be adjusted to invoice

Can be converted to Temporary Can be converted to Perm
if no adjustment exists

For a prepayment to be adjusted it has to be fully paid.

Multiple installments are supported

Answer / yoga reddy

There are two types of prepayments:
Temporary and Permanent.

Temporary prepayments can be applied to invoices or expense reports you receive.
For example,you use a Temporary prepayment to pay a hotel a catering deposit. When the hotel's invoice arrives, apply the prepayment to the invoice to reduce the invoice amount you pay.

Permanent prepayments cannot be applied to invoices.
For example, you use a Permanent prepayment to pay a lease deposit for which you do not expect to be invoiced.

What are the various Journal Entries generated through fixed assets

2 Answers  

---

2. O2C cycle with which accounts get effected

2 Answers   Meru Cabs,

---

SLA usage ans how to define setups?

0 Answers   CNO, IBM,

---

What is difference between primary and secondary ledger

0 Answers  

---

How is the GL Date derived by AutoInvoice process? Any set-ups?

1 Answers  

---

---

What is the process of Third party payment in R12.1.3 version?

2 Answers  

---

i have defined currency rates for the month of june translation purpose and june period is opened but in translation form i have seen periods from july why it happend could u please explain

3 Answers  

---

Is it possible to change the accounting period during the financial year? For eg change it from 12 to 13 months ?

7 Answers   Oracle,

---

what is the difference between balance, account, none (automatic offset methods)?

4 Answers   Cognizant,

---

what is use of auto copy button in general ledger l recurring journal and where its effects in the real time process

2 Answers   IBM,

---

What is the Functionality of Oracle Applications E-Business Suite?

3 Answers   TCS,

---

Grouping Rules and Line Ordering Rules

1 Answers  

---