we have purchased a loptop from the supplier, we have made
the payment to supplier through check and the supplier has
taken the money from the org. bank and even the transaction
has been reconciled with cash management. But due some
reason we have returned the loptop to the supplier. Now How
this real time scenario will be resolved in the Payable
module.
Answers were Sorted based on User's Feedback
Answer / meena rao
Use Return to Vendor option if using receiving and create a
debit memo and get the cheque back from Vendor.
Is This Answer Correct ? | 15 Yes | 4 No |
Answer / bhargava athuluri
We need to raise Debit memo and send the same to supplier
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / dhana
Rise a Debit memo to supplier with same distribution a/c(standard invoice distribution a/c)
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / jyothi
we should issue a charge back memo for receiving the money back from supplier.
Is This Answer Correct ? | 1 Yes | 4 No |
What is meant by third party payments?
What is the difference between Recurring Journals and Recurring Invoices? What is the need for the Recurring Journals in GL when Recurring invoices exist in AP?
What is Flow of Account Receivables,Payables and Fixed Assets?
How can a person done a course in DSRC 11i functionals can get job outside? All companies need minimum 1-2 years of work experience I finished CA-Inter,MBA_Finance and M.Com., Please advice me how can I enter in to software oracle field Iam currently working in BPO as an oracle enduser
What are the modules covered under oracle finance
types of valuesets
you have create a purchase order, it is approved also. now you want to change in the purchase order, hoe can you do that?
Can any one please tell me when and how the a/cing entries will be generated from various modules when the transactions are generated Please help me in this matter Thanks KNRao
What is the use of detail,in detail and summaray
What is a Hold and Release
What are the back end process happening when closing period and opening period. This is the technical question and what are the tables updating in this process? pls help me
While doing implementation,Client wants two use 2 Accounting methods for both Sandard Accrual method and Sandard Cash Method.So how we need to map or how need to provide solution.