Answer / venkatesh k

There is direct funtionality in 11i. Using below woraround
(steps), we can refund.

olution Description
--------------------
The customer's refund must be processed through Accounts
Payable.


Explanation
-----------
The following documents the steps required to clear the
credit entry from
Accounts Receivable and to process a refund through
Accounts Payable.

REC and REV are account classes in the A/R data structure
and do not
necessarily correspond to the General Ledger account type.


1. You must create a credit memo for the returned goods, in
Accounts
Receivable, using the same Revenue and Receivable
accounts
referenced on the original invoice.

c. REC (A) 10 credit
REV (B) 10 debit

2. Create a debit memo to offset the credit memo

d. REC (A) 10 debit
REV (B) 10 credit

3. Then access Oracle Accounts Payable

4. Create an A/P check and reference the following
accounts:

e. Refunds Due Cust (B) 10 debit
Cash (C) 10 credit


The following are the G/L Distributions for this
example.
Note that all accounts are offset.


A B C
----------------- -------------- -----------
----
a. 10 ! b. 10 c. 10 ! a. 10 b.10 !
e.10
d. 10 ! c. 10 e. 10 ! d. 10


in R12, there was direct functinality avilable through non
credit card refund functiionality.

Answer / venkatesh k

Just to correct the above answer. there is no direct
functinality in 11i. those steps are only work around.

in Oracle Payable s we are not matching Po how to clear accrual account in P2p cycle?

1 Answers   Hitachi,

---

What are the tables associated with Invoice?

2 Answers  

---

In GL for the trail balance report i am getting imbalance amounts. Some amount is carry forwarding from 3 months onward as a opening balance how can i find the transactions related to the imbalanced amount in gl? IN clear the trail balance opening and closing balance should be zero but some amount is carry forwarded from some periods what are the transactions related to that balance and how can i find that transactions.

0 Answers  

---

I paid 10,000 Rs in advance to the employee for meeting his expenses. The employee met only 5000 expenses and the remaining 5000 he has to retern to the company. How will you define it.

4 Answers   Sonata,

---

How can i deactivate the segment value?

2 Answers  

---

---

can we stop the payment once the payment manager process has been run?

1 Answers  

---

different phases of aim methodology

7 Answers   Oracle, Satyam,

---

What is meant by accrual write off?

3 Answers  

---

Can any one please share the answer for "What is the Journal Approval Process in Oracle Apps General Ledger"?

4 Answers   Cap Gemini,

---

process from PO to Asset creation, with accounting entries.?

2 Answers  

---

Explain automatic offset in AP.

2 Answers  

---

Is it necessary to enable the SECURITY RULE check box along with CROSS VALIDATION SEGMENT RULE in flex field structure while setting up the CROSS VALIDATION RULE. plz clarify my dt

3 Answers  

---