ERPstuff - Oracle EBS Community

Version R12/11i? = R12
Instance PROD/TEST/VIS? = PROD
Module? = AR
OS? =

Hi,

How to account for Earnest Money Deposit accounting in AR

The Transaction would involve the following

1. Receive of EMD from customer
2. Refund of EMD to customer
3. Maintain a track of such (EMD) transactions
4. Such transactions should not appear in Debtor Trial Balance Report as these are not normal Customers/Debtors

Rgds

You may try the "guarantee" transaction class feature. This type of transactions does not affect the debtors balance, however transaction entries will be created to track the customer commitment.

Cheers,
Saravanan