Dear friends,
How do I make payments to Customer..
Actually in many cases we have to pay to customer as "security deposit".
How do I set in oracle apps-financials in 10.11.5.2 version????
Kindly help us...
Thanks & regards,
Pulak Thakur
Payment to customer
Pls. perform following for payments to Customers :
1) Create Debit Note in AR on customer with distribution as " AR Refund Clearing" OR as "Security Deposit" & the amount as amt. of payment / refund.
2) Link this debit note with Customers Credit Balance available >>> Apply Dr. Note to on a/c receipt which is a Cr.Bal. in customer a/c.
(In case you have recd advance from customer & wants to refund it to customer).
3) Switch responsibility to AP & create a Standard Invoice in AP for supplier same as customer with amt. same as refund / payment to customer & use distribution as " AR Refund Clearing' .
4) Make payment of above Invoice from AP to your customer.
I am sure by using this you will be able to make payments to customer.
Best Regards
Dhananjay
1) Create Debit Note in AR on customer with distribution as " AR Refund Clearing" OR as "Security Deposit" & the amount as amt. of payment / refund.
2) Link this debit note with Customers Credit Balance available >>> Apply Dr. Note to on a/c receipt which is a Cr.Bal. in customer a/c.
(In case you have recd advance from customer & wants to refund it to customer).
3) Switch responsibility to AP & create a Standard Invoice in AP for supplier same as customer with amt. same as refund / payment to customer & use distribution as " AR Refund Clearing' .
4) Make payment of above Invoice from AP to your customer.
I am sure by using this you will be able to make payments to customer.
Best Regards
Dhananjay
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