E26228_01/doc.93/e21488/img/image075.gif' alt='Withholding Tax Setup In Oracle Apps' title='Withholding Tax Setup In Oracle Apps' />Invoices and Credit Memos in Oracle ARInvoices and Credit Memos in Oracle AR Glossary Invoice A document that will convey how much the customer has to pay for the goods and services he has bought and due date for paying the amount. Credit Memo Negative amount to decrease the balance of the invoice. Balance of Invoice The amount that the customer has to pay. Example of scenario in which a Credit Memo is created Say you have created an invoice of 5. ABC and have sent it across. Later upon receiving the goods, customer realized one of them worth 1. We have already issued an invoice of 5. Oracle_Applications_-_VIS18.png' alt='Withholding Tax Setup In Oracle Apps' title='Withholding Tax Setup In Oracle Apps' />In such a situation, we create a credit memo of 1. We again send the credit Memo note to the customer to let them know that they have to pay us only 4. Demo on how to Create Invoice Create Credit Memo Apply Credit Memo to Invoice Check the balance on the Invoice should decrease Underlying Tables. Create Invoice Navigation Receivables Responsibility Transactions Transactions Description of some important field in Transaction window Source Lets you to identify the source of the invoice meaning whether invoice is created manually or has been imported. Navigation Setup Transactions Sources. Source Setup lets you define the below If automatic Numbering should be used If the Reference field in Transaction window should hold the Sales Order number if it has been imported from Sales Order Which Transaction Class can use this Source. Class What type of transaction you want create. Enter Invoice here. Number A unique identifier for the transaction created. If automatic numbering is enabled in Source setup, the number will be generated automatically else will have to enter the number manually. This is the blog dedicated to Oracle Applications users. Here I will be posting information on Oracle Application which will have technical, functional and. Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more. Type Transaction Type is another setup screen that lets you default some of the attributes like the below when you are creating a transaction GL Accounts for Receivables ,Revenue and other account classes that are required for accounting. For what kind of transactions this information should be defaulted Whether positive mount or negative amount can be entered while creating the transaction. Reference Holds the Sales Order number if it has been imported from Sales Order. Legal Entity Give the name of the Legal Entity for which this transaction has to be created in. Date Date for the invoice. GL Date Date that should be used when this transaction is being transferred to GLBill to Enter the Customer name to whom the invoice has to be raised. Currency Currency that is being used to report the amount in. Payment Term When the invoice is due meaning by when the customer is expected to pay the amount on the transaction. Telugu Songs Free Download Chiranjeevi Hits here. Ql-GD3vIRfc/Tr7oY2-n2ZI/AAAAAAAAA8s/CrHwp6ql11Y/clip_image006%25255B4%25255D_thumb%25255B2%25255D.jpg?imgmax=800' alt='Withholding Tax Setup In Oracle Apps' title='Withholding Tax Setup In Oracle Apps' />Payment Details The bank details you are expecting the customer to deposit the amount to. Enter the details and click on Apply. Once the above fields are entered, save the work. Click Line Items button to enter the invoice line details Enter the Item, quantity and the unit price of the item and save the work. Complete the transaction by clicking the Complete button. Only if the transaction is Complete, further actions can be done on it. Distributions are automatically created. What GL Accounts to use will be decided by the Transaction Type setup. And our invoice 5. Create Credit Memo Navigation Receivables Responsibility Transactions Transactions Enter the below fields Class Credit Memo. Sonic World Adventure Wii Iso'>Sonic World Adventure Wii Iso. Type Appropriate transaction type for Credit Memo. Bill To Customer Name for whom this Credit Memo is being created. Payment Details Enter the Bank Account details Click on Line Items button to create the CM line. Item Enter the item being returned. Amount 1. 00. Save the work. Complete the transaction by clicking the Complete button on the Transaction window. With this CM 5. Apply the CM to Invoice. Navigation Receivables resp Transactions Transactions Query the CM 5. From the menu select Actions Applications Enter Apply To as 5. Invoice number that you want to apply this CM to. Save the work. Check the balance on the Invoice. Query the invoice 5. Oracle Apps Financial frequently Asked Questions by expert members with experience in Oracle Apps Financial. These interview questions and answers on Oracle Apps. Latest trending topics being covered on ZDNet including Reviews, Tech Industry, Security, Hardware, Apple, and Windows. Since CM has been applied, the balance of the invoice is 4. That means customer hasto pay us 4. Click on Details button in Balance Due section which will give you a detailed activity happened against theinvoice and what is the balance at the end of the day. Acid Pro Virtual Dj here. Since a CM worth 1. Credits entry. 5. Underlying Tables that get populated when an invoice is created. RACUSTOMERTRXALL Stores Invoice Header details. RACUSTOMERTRXLINESALL Stores Invoice Lines details. RACUSTTRXLINEGLDISTAL Stores Invoice Distribution details. ARRECEIVABLEAPPLICATIONSALL This table gets populated when credit memo is applied to invoice anythinggets applied to anything.