ERPstuff - Oracle EBS Community

In our organization, they have given Post dated checks for paying rent for 12 months in advance.
Please tell me how to enter this transaction in oracle apps AP Module. What are the setups required for this issue.

Thanks in Advance,
Surya

Hi,

For rent payment in advance with post dated checks, you have to enter Prepayment Invoice and go to pay in full and & select payment type quick , enter payment details as normal payments and select payment method check-future dated and maturity date then save payment.

Regards,

Hi Surya,

As per your Issue Here Create a Prepayment and Apply Montly Invoces towards that Prepayment. But here for Prepayment you have issued Posted Cheque. Is it Correct.

what is Version you are using Now

Hi Aman and nath,

Thanks for ur advice. But what r the setups and steps required for this.
Iam working on R12.


Thanks
Surya

Hi,

One more way to do the advance payment

Make one more Assets book and this advance payment make as a assets then run every month deprecation so automatically it will deduct the amount from the payment

Thanking you
Santosh