refund and reverse

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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orais
Posts: 22
Joined: Thu Oct 16, 2008 10:01 am
Location: Egypt

refund and reverse

Post by orais »

hi group
I need to know the different between refund and reverse the costumer receipts in are as I know the tow types canceled the receipt

thanks
oteixeira
Posts: 451
Joined: Wed Aug 27, 2008 12:34 pm
Location: Portugal

Post by oteixeira »

Hello.
You use Reverse to correct a receipt that is incorrect for some reason or should not have been entered at all.
In R12 you can apply the receipt to Refund, which will lead to the return of the money to the customer.

Octavio
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