Paybles Issue - Refund
-
- Posts: 31
- Joined: Fri Jul 06, 2007 1:23 am
- Location: India
Paybles Issue - Refund
1.In Oracle Employee consider as a Supplier.. so when any employee return his tour or travel advance how the Refund option will work or how to generate receipt to employee
thank u
srinivas
thank u
srinivas
-
- Posts: 194
- Joined: Tue May 15, 2007 7:45 am
- Location: United Arab Emirates
Hi
Please note when you create an Employee in Oracle HRMS, it creates one record as a Party in Receivables. You need to create a Customer Site (Customer account and create a Normal Invoice and Receive the money against it). Go to Customer screen in AR and Query with the name of the Employee, You will fine a Party record existing for the Employee. Create a customer Site with address (Employee address)
and then raise an invoice and receive amount against the invoice.
The Employee is created as a Supplier in AP when you enable the Checkbox Create Employee as a Supplier in Financial options.
To my knowledge, there is no standard functionality of receiving amount from Employees in Payables for which the present Company where I am working now has built a Customized solution called Claims Settlement which will enable the balance due from or Due to to an Employee for travel advance/allowance is settled through Oracle Payroll
If anybody has any other solution, Please let me know
Regards
Sivakumar
Please note when you create an Employee in Oracle HRMS, it creates one record as a Party in Receivables. You need to create a Customer Site (Customer account and create a Normal Invoice and Receive the money against it). Go to Customer screen in AR and Query with the name of the Employee, You will fine a Party record existing for the Employee. Create a customer Site with address (Employee address)
and then raise an invoice and receive amount against the invoice.
The Employee is created as a Supplier in AP when you enable the Checkbox Create Employee as a Supplier in Financial options.
To my knowledge, there is no standard functionality of receiving amount from Employees in Payables for which the present Company where I am working now has built a Customized solution called Claims Settlement which will enable the balance due from or Due to to an Employee for travel advance/allowance is settled through Oracle Payroll
If anybody has any other solution, Please let me know
Regards
Sivakumar
Hi Srinivas,
For processing refunds the payment type you need to select is "Refund"
Payment type.
A payment received from a supplier or employee to return funds for an invoice payment made is a Refund
Refund payments pay a debit balance, and are always entered as negative amount payments.
For example:
If advance has been paid to an employee use the expense reports window to apply advances to expense reports to reduce the amount to be paid. Before one can pay expense reports, submit the Expense Report Import program which automatically creates invoices from the expense reports. One can then use Payables to validate, pay, and account for the invoices.
Hope this helps...
Murali.
For processing refunds the payment type you need to select is "Refund"
Payment type.
A payment received from a supplier or employee to return funds for an invoice payment made is a Refund
Refund payments pay a debit balance, and are always entered as negative amount payments.
For example:
If advance has been paid to an employee use the expense reports window to apply advances to expense reports to reduce the amount to be paid. Before one can pay expense reports, submit the Expense Report Import program which automatically creates invoices from the expense reports. One can then use Payables to validate, pay, and account for the invoices.
Hope this helps...
Murali.
-
- Posts: 194
- Joined: Tue May 15, 2007 7:45 am
- Location: United Arab Emirates
-
- Posts: 54
- Joined: Tue Jul 24, 2007 1:00 am
- Location: India
-
- Posts: 8
- Joined: Fri Sep 14, 2007 10:04 am
- Location: India
HI,
IF WE GIVE THE ADVANCE IN CASH THROUGH PREPAYMENT INVOICE. THEN WE CREATE A STNADARD INVOICE FOR THAT EMPLOYEE. DISTRIBUTE THE INVOICE AMOUNT INTO EXPENSE & REFUND AGAINST EXPENSE A/C & CASH A/C RESPECTIVELY. APPLY THE INVOICE AGAINST THE PREPAYMENT INVOICE TO MAKE PREPAYMENT AMOUNT FULLY APPLIED.
THIS SOLUTION APPLICABLE NOT APPLICABLE IF ADVANCE PAID BY CHEQUE.
IF WE GIVE THE ADVANCE IN CASH THROUGH PREPAYMENT INVOICE. THEN WE CREATE A STNADARD INVOICE FOR THAT EMPLOYEE. DISTRIBUTE THE INVOICE AMOUNT INTO EXPENSE & REFUND AGAINST EXPENSE A/C & CASH A/C RESPECTIVELY. APPLY THE INVOICE AGAINST THE PREPAYMENT INVOICE TO MAKE PREPAYMENT AMOUNT FULLY APPLIED.
THIS SOLUTION APPLICABLE NOT APPLICABLE IF ADVANCE PAID BY CHEQUE.
-
- Posts: 1
- Joined: Mon Jul 09, 2007 11:33 pm
- Location: India
[blue]Hi Varun,
Please check the below given link and also give your response in the same link.
topic.asp?TOPIC_ID=2290
Regards
Please check the below given link and also give your response in the same link.
topic.asp?TOPIC_ID=2290
Regards
Who is online
Users browsing this forum: Semrush [Bot] and 0 guests