Deposit Refund Process in Oracle Receivables

[nadh.oracleapps@yahoo.com]

Dear Members,

Can any one tell me How to Refund Deposit to a Customer.

Thanks

[anu_uma]

Hi,

Assuming that you have created a Deposit and a receipt is attached to the deposit.


1. Query the Receipt and Reverse it.
2. Create a credit memo for the Deposit.

Transactions --> Credit Transactions,
Query the Deposit number and give 100% as you have reversed the Receipt.

Provided there is no commitment to the deposit and this will close the commitment.

Regards

[sriram1800]

Assuming that you have created a Deposit and a receipt is attached to the deposit.


1. Query the Receipt and Reverse it.
2. Create a credit memo for the Deposit.

Transactions --> Credit Transactions,
Query the Deposit number and give 100% as you have reversed the Receipt.

Provided there is no commitment to the deposit and this will close the commitment.



To continue with the above steps:
1. Create a Supplier in Payables module for this customer
2. Create a Credit Memo for this Customer/Supplier
3. Create a Refund payment in Payables -- this will issue a check if you are printing the check from Payables.

Sriram