Account Payables

Create Debit Memo in Oracle Apps | Account Payables

By Jag - March 12, 2014

Debit Memo Creation Process

Enter the debit memo or credit memo to record a credit for goods or services purchased. Credit/debit memos are netted with basic invoices at payment time.

Negative amount invoice created by a supplier and sent to you to notify you of a credit.

DEBIT MEMO :

In AR , Debit memo is issued to a customer to increase his liability. For example , if the customer was not charged with freight charges and we need to add them to his liability, as we can’t prepare one more invoice for the freight charges. We prepare a debit memo.
Debit memo information is stored in RA_CUSTOMER_TRX_ALL, the type of transaction a particular row represents can be found out from the field class of AR_PAYMENT_SCHEDULES_ALL by linking the CUSTOMER_TRX_ID field in the two tables.
Debit memo is usually not linked to any other Invoice like credit memos; the whole idea behind creating a debit memo is to increase the customer outstanding balance.

Responsibility>Navigator>Payables>Invoice

1.Select Invoice Type Debit Memo

2.Select Invoice Currency and enter the invoice number, invoice date. Select supplier name.

1. Enter the invoice amount (-5000).

1.Select match action invoice ,terms date, terms and payment.

Click line button.

Enter the invoice amount (-5000).

Enter the amount, GL date and account code

Click action button and select validate.

Click OK

Account create successfully. Click OK

Responsibility>Navigator>Payables>Payments

Select Payment

Select supplier name and supplier site.

Select payment date, payment amount, bank account , payment currency and payment method.

Select payment document and payment process profile.
Click enter/adjust invoice.

1. Before adjustment only view standard invoice total.
2. First you select standard invoice amount and then select adjust debit memo invoice amount .

Now change payment amount total only 5000. Next save this page and close.

Now check accounting not processed. Click action button and select create accounting in final post. Click ok

Now change accounting processed. You will check payment overview click.

Payment overview screen.Done

Done!!

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