Dear All,
Any one would please tell me how to create refund in AR for a Receipt in Oracel AR R12 and what will be its accounting. Please tell me.
It's really very very urgent so I will be really grateful if any one would clear my doubt as soon as possible.
Thanks and Regards,
Satya
How to create Refund in AR for against a Receipt
1-Add new receivables activity as class refund and select the combination account for this activity.
2-After that while you on receipt in the apply form select refund and define the amount of refund
3-Save and after that you will find new invoice add in AP with type payment request
4-Now pay this invoice.
* This step only in R12
* If in R11 you do using also receipt activity but will not sent to AP
BR. Mahmoud Maher
2-After that while you on receipt in the apply form select refund and define the amount of refund
3-Save and after that you will find new invoice add in AP with type payment request
4-Now pay this invoice.
* This step only in R12
* If in R11 you do using also receipt activity but will not sent to AP
BR. Mahmoud Maher
-
- Posts: 1
- Joined: Sat Mar 08, 2008 5:52 am
- Location: Pakistan
Hi mido,
In Oracle R12 does the refund is based on no of AR Receipts? i.e. if i have 2 AR Receipts against 2 AR Invoices for the same customer. When i allocate discount to same customer the refund will create 2 AP Invoices due to 2 AR Receipts. Please guide is this the correct functionlity. If yes, then why it has generated 2 AP Invoices, it should be 1 AP Invoice?
Thanks,
Khalid.
In Oracle R12 does the refund is based on no of AR Receipts? i.e. if i have 2 AR Receipts against 2 AR Invoices for the same customer. When i allocate discount to same customer the refund will create 2 AP Invoices due to 2 AR Receipts. Please guide is this the correct functionlity. If yes, then why it has generated 2 AP Invoices, it should be 1 AP Invoice?
Thanks,
Khalid.
Who is online
Users browsing this forum: No registered users and 0 guests