Invoice and payment booked for wrong Vendor - 11i

[benny]

Hi Members,

This is another scenario we are facing;

We have booked an invoice and made the payment for an incorrect supplier last month (Period is closed). Now we have realised that we should have booked the invoice and made the payment to another supplier.Is there an option in oracle to transfer the balance from the incorrect supplier to the correct supplier.

The only solution that comes to my mind is to cancel the payment and invoice booked wrongly and book it for the correct supplier.

Could any of you give me a solution to this issue. Appreciate your help.

Rgrds
Ben[?]

[oteixeira]

Hello.

You solution is correct. However, when this cases happen, the situation may become complicated. Depending on the way you made the payment, you may have difficulty on cancelling it. A bank tranfer, for example, or even a cheque if the supplier already cashed it.
In this case, the supplier will give you the money back and the solution is to enter a Debit Memo and pay it with the Refund payment type.

Octavio