ERPstuff - Oracle EBS Community

Hi,

Anyone describe me about Credit Memo and Regular Credit Memo in Oracle Receivables.

<b>Oracle Receivables</b> ---> <b>Transactions</b> ---> <b>Transactions</b>

insert new transaction select <b>Class</b> ---> Credit Memo

and then select <b>Type</b> ---> CREDIT MEMO or Regular Credit Memo

Regard
Faisal Iqbal Sheikh

Hi,

When u r going to make sales in the product or services to the customer, that time you have to create a normal invoice?.isn?t?

In case customer is return some product, due to some reasons ie. Damage product?. ?and so on

In this situation only you will raise credit memo with negative amount and adjust your original invoice?..

You can raise Credit memo in 2 ways

One is,

Directly raise credit memo with negative amount??.

Then go to action(toolbar) ??click credit?.it will move to credit form?

Here you mention the amount or %?.

Once this process is over the customer balance is get adjusted?..

Second is,

First you find the invoice, to which one you are going to raise credit memo against the invoice??..

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Transaction

Thanks for ur answer

You defined Credit Memo and it's ways of entering Credit Memo in oracle receivables but what about "Regular Credit Memo". It's same or different.

Regard
Faisal Iqbal