Skip to main content

How to Match Credit Memos To Matched Invoices or Non-Matched Invoices

Case 1 : Steps to match a credit memo to a matched invoice:
=================================================
  • Create PO,
  • Quantity = 100, unit price = 1,
  • Save it and approved it.
  • Create an invoice for amount = 100,
  • Match to the PO,
  • Save it and validate it.
  • Create a credit memo for amount = -100,
  • On the header, still set Match Option = PO,
  • Then press the Correction button,
  • Then fill in the Invoice number which is matched to the PO,
  • Then press Find button,
  • Then fill in correction Amount = -100,
  • Press Correct button,
  • A corrected invoice line and distributions will be auto created for you.

Case 2 : Steps to match a credit memo to a non-matched invoices:
======================================================
  • Create an invoice for amount = 100,
  • Not match,
  • Save it and validate it.
  • Create a credit memo for amount = -100,
  • Set Match Option = Invoice on the header,
  • Press Corrections button,
  • Only can find non-matched invoices to be corrected.
  • Find Documents for Correction window should appear
  • Enter the Invoice Number you wish to correct,
  • Results will be displayed,
  • Select the invoice you wish to correct,
  • Then fill in correction Amount = -100,
  • Press Correct button,
  • A corrected invoice line and distributions will be auto created for you.

Case 3 : Steps to match a credit memo to a line of a Standard invoice:
=========================================================
  • Create a standard invoice, validate it.
  • Create a new credit memo for the same supplier site,
  • Set Match Option = Invoice on the header level,
  • Then create a new Line, save it,
  • Then press Corrections button,
  • Enter the Invoice Number you wish to correct,
  • Find the invoice, then press Select Lines button,
  • Then you can select the line you wish to correct,
  • Then press Correct to match to the line.
  • A new distribution will be created in the credit memo where the charge
  • Account has been taken from the matching invoice.

Comments

Post a Comment

Popular posts from this blog

How To Enable / Disable Forms Personalization Option

Forms Personalization gives great flexibility to execute custom business logic without performing so much of technical work. To start forms personalization navigate to Help -> Diagnostics -> Custom Code -> Personalize But many time when we click on personalize it give below error  " Function is not available for this respnosibility. Change responsibilities or contact your System Administrator " To Enable access to forms personalization function we need to set below profile option.  -  Utilities:Diagnostics -> Yes / No It determines the diagnostics option is enabled for a user / responsibility or site, depending on the level profile option is set. Navigate to System Administrator -> Profile -> System Query for your user / responsibility for which you want to provide access. Set the value to 'Yes' , If you want allow access to forms personalization Since we change the profile option please change the respons...
Post a Comment
Read more

Query to find Operating Unit, Business Group and Legal Entity Information

SELECT   DISTINCT   hrl . country ,                  hroutl_bg . name              bg ,                  hroutl_bg . organization_id ,                  lep . legal_entity_id ,                  lep . name                    legal_entity ,                  hroutl_ou . name              ou_name ,               ...
Post a Comment
Read more

Oracle Purchasing – Receipt Accounting

Oracle Purchasing – Receipt Accounting (Accrue On Receipt and Accrue at Period End) Inventory Accruals: Inventory and Purchasing provides visibility and control of accrued liabilities for inventory items. Purchasing automatically records the accrued liability for the inventory items at the time of receipt. This transaction is automatically recorded in the general ledger at the time of receipt. The inventory expense is recorded at delivery if Standard Delivery is used and at receipt if Direct Delivery used. Expense Accruals: Purchasing optionally accrues un-invoiced receipts of non-inventory items when a period is closed. Purchasing automatically creates a balanced journal entry for each receipt un-invoiced at period end which can be reversed at the beginning of the next period. Navigation: India Local Purchasing > Oracle Purchasing > Setup > Organizations > Purchasing Options Difference between 'Accrue On Receipt' and 'Accrue at Per...
Post a Comment
Read more