Answer / raghuka

There are certain cirumstances wherein we record a debit
memo to reduce the laibility, (What ever may be the reason)
though the payable balance decreses, the invoice still
shows the orginal amount to be paid, to correct this
position we make a zero payment and account is nullified.

In order to do this we need to enable Zero payments Check
box at Bank Account Defnition.

Answer / sugam ghosh

While running a payment batch for a specific supplier
site,payment batch will pick up standard invoices as well
as debit memos created for the same supplier site. It may
happen that invoice amount is exactly equal to the debit
memo amount so at the time of payment confirmation there
will not be any amount to pay but still it will be
registered as a zero payment to track the accounting
entries in the payable accounting. At the time of GL
transfer it will also get reflected for that specific
liability account.

Enable Allow Zero Payment checkbox at the bank account
level first.

Answer / reddy

When we are create debit/credit memos that time the entire invoice is zero called as zero payment.

Answer / sss

maintain clarity

We have both consumption tax and With Holding Tax on each invoice, will there be any conflict involved?

1 Answers   Accenture,

---

What is the significance of Voucher?

1 Answers  

---

What is Debit Memo & Credit Memo in Payables?

27 Answers   Cognizant, HCL, IBM, TCS,

---

What is Financial Option

2 Answers  

---

What is the Use of Grouping Rule in Receivables ? is it mandatory field ?

1 Answers   Doyensys,

---

What is terms date basis?

2 Answers  

---

Intercompany setup in oracle applications with transaction processing

1 Answers   IBM,

---

While Performing Data Migration from Legacy system to Oracle what are the requisites you will perform as a functional consultant for GL, AP, AR, and PO.

1 Answers   Hitachi,

---

what is value set

4 Answers  

---

What is the use of Additinal paythrough days n AP?

1 Answers  

---

What does the Unaccounted Transaction Sweep Report do?

1 Answers  

---

What are the mandatory accounts that need to be setup in Set of Books?

4 Answers   HCL, Syntel,

---