INVOICE ADJUSTMENT CREATED PAYMENT ADJUSTMENTS IN A DIFFERENT GL PERIOD
Last updated on AUGUST 07, 2017
Applies to:Oracle Payables - Version: 12.0.0
Information in this document applies to any platform.
When adjusting a paid invoice in a period other than which it was paid, the payment adjustment line has the Accounting Date of the invoice adjustment, which can change the period in which the Payment Clearing is accounted. This only occurs when there is more than one open period.
Step 1: Create Invoice with GL date in January,
Step 2: Create Payment with GL date in January.
Step 3: Reconcile payment to bankstatement, GL date in January
Step 4: Create accounting
Step 5: Open February, but don't close January yet
Step 6: Change the Invoice distribution with GL date in February.
Step 7: Create accounting.
Result: The Payment Adjustment accounting date will reflect the adjustment date of February and the journal lines for this event will contain the payment amounts, so the actual accounting amounts appear in the adjusted period of February.
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms