New Invoice Types in R12

[oracleapps1983]

Dear Members these are the new Invoice Types in Oracle Payables.

1. Standard Invoice Request
2. Retainage Release Invoices
3. Transportation Invoices

Can any one tell me what is the nature of these Transactions.

Regards
Oracleapps1983

[Peri]

<div align="left"><b>Standard Invoice Request</b>
If you are entering a self service invoice that is not matched to a purchase order, that invoice must be approved using the Invoice Approval Workflow. When you enter self service invoices that are not matched to a purchase order, follow the same steps for entering an invoice that is matched to a purchase order, but, additionally, enter a Requestor. The Requestor is the person who is responsible for pproving the invoice in Payables. Once you submit the invoice, it is entered in Payables as a "Standard Invoice Request". Payables automatically initiates the Invoice Approvals Workflow even if you set the Require Validation Before Approval Payables Option to No. During the workflow, the requestor and other approvers can enter in accounts and distribution amounts. The requestor and approvers can approve or reject the invoice, or they can request that the supplier enter into negotiation. In invoices Workflow Overview, Self service invoices that are not matched to a purchase order not considered a liability and cannot be updated in Payables until they are approved. Once the invoice is approved, the invoice type changes from Standard Invoice Request to Standard Invoice
and you can update the invoice in Payables.</div id="left">

<b>2. Retainage Release Invoices</b>
Retainage release invoices can only be entered manually in the Invoices Invoice Workbench window Retainage release is the act of releasing, or paying, that portion of a payment that was withheld until a substantial portion or all of the service procurement work is completed. The amounts retained during the life of the contract must be released and
paid to the supplier or sub-contractor once all or a substantial portion of the work is completed. Retainage terms in a service procurement contract are agreed upon by the buyer and the supplier and are defined in the contract. Oracle Payables receives any required contract data from Oracle Purchasing, Oracle Projects, and Oracle Contracts. Once the release criteria are met, suppliers request a release of the retained amount by submitting a document called a Retainage Release Request.
Oracle Payables uses the Retainage Release Request to create a type of invoice called Retainage Release. A retainage release invoice has lines, which are copied from the original standard progress invoices, which show an amount left to be released.

[mstapps]

pls any explaine me
how many type of invoice in payable ?
and

how many type of Transactions in AR ?

thanks
mstapps

[sivananda]

Hi,

Invoice types in AP :
---------------------
Standared invoice
Debit memo
Credit memo
PO Defult
Mixed Invoice
Withholding Tax
Expence Invoice
Prepayment Invoice

7types of transactions are there in receivables:
------------------------------------------------------

1.invoice

2.debitmemo

3.on-account credit

4.creditmemo

5.bills receivables

6.commitment

7.chargebacks




Thanks,
sivananda

[nadh.oracleapps@yahoo.com]

Hi to all

Can any one tell me What is use of Transportation Invoive Type used for.