Zero Payment

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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hbabhu
Posts: 47
Joined: Wed Nov 08, 2006 5:41 am
Location: India

Zero Payment

Post by hbabhu »

Pls Explain the Concept of Zero Payment

And also the purpose of Zero Payment.

What are the related setups define before making Zero Payment

Thanks
muzaffarnaim
Posts: 66
Joined: Fri Dec 15, 2006 4:59 pm
Location: USA

Post by muzaffarnaim »

Hi
Zero payment concept is normally used to pay basic invoices with offsetting debit or credit memos, or to record invoices with offsetting distributions as paid, so they are no longer included on the invoice aging report. Setups includes to set 'Allow zero payment' check box to 'yes' (payables options>bank accounts).
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