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?
- 1 Answers
- 7586 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
What are the inventory report to check inventory status.
What kind of budgets have you worked on?
What is gap analysis, how do you defined?
Define the activities of the Configuration Manager (AP,GL,FA) in the team. Give examples
What is meant RD020
encumbrence set ups?
Anyone provide the oracle fin/scm definetions
What kind of necessary ap information you gather from the client?
What is gap analysis, how do you defined. What are the pre-requisities?
Payables Applications Technical Reference Manual
What is the use of operating unit, while configure multiorg?
How to Reconciliation AP to CM ? How to Reconciliation AR to CM ?
can any one tell me what exactly functional consultant do on daily basis? client requirements?
what is the steps to customization ?
what is VAT claim process?
