Advance paid to Employee 1000$. Employee incurred expenses
of 800$ and he returned 200$. How can you perform these
steps in AP?
- 7 Answers
- 15772 Views
- ASD Lab, Shriram, Sierra Atlantica, TCS, Technosoft, I also Faced
- E-Mail Answers
Answer Posted / subhranshu
Create a Prepayment of 1000. Pay the Prepayment Invoice in
Full. As the expense is incurred, Match the expense report
Invoice with the prepayment. For the Return you have to
create a Refund of 200. For that create a standard Invoice
of 200 and match it with Prepayment invoice. Then create a
Debit memo or 200 and pay it with a refund of 200
| Is This Answer Correct ? | 12 Yes | 1 No |
Post New Answer View All Answers
I am currently working in reputed Org as a Oracle apps end user (AR). Learned R12 functional course, but no real time exp as in support or implementation project.Please guide. thank you.
What kind of budgets have you worked on?
What is Work Flow of AP,AR, Sales & Purchase
Re: While you are in implemenation what are u faced the issues ? tell me what some ap & GL issues?
How to support projects life cycles details?
I am created credit memo in at but while trying to complete it showing error message-hz_party_location
Please post the setups required to approve the payable invoice in AP.
what r issues faced in gl
While assigning the security by book in oracle assets..i am unable ot get the asset org in security profile form.This asset org was already defined in org description window.
What do you mean by controlling buyers workload?
I have a requirement where during the consolidation into USD (from GBP books) I want use two different exchange rates for two consolidations. Child SOB is same but the Parent SOB's are different. How can this be done in Oracle Financials? Answers will be Appreciable. Thank You.
How will account an advance of Rs.10000/- which is a permanent prepayment, can I make payment for this?
how service tax work.
what is the steps to customization ?
What is the Invoicing System in Oracle R12
