My Oracle Support Banner

Incorrect Accounting Distributions for Credit Memo Against Invoice with Accounting Rules (Doc ID 1479089.1)

Last updated on JULY 10, 2020

Applies to:

Oracle Receivables - Version 12.2 and later
Information in this document applies to any platform.

Symptoms

Attempting to apply a credit memo to an Invoice with Accounting Rules and find the Accounting Distributions are incorrect for the Credit Memo.

Responsibility:  Receivables Manager
Navigation:  Setup > Accounting > Rules
Be sure Rule is set to Receivables Default Accrual - Invoice Accounting for CM = Yes for User

Navigation:  Transactions > Transactions
Create invoice with fixed non deferred rule 4 periods. 30%, 40%, 15%, 15%. Invoice no 1024 (Source: Manual-Consult) USD 1,000

Navigation:  Transactions > Credit > Create CM for the invoice from Actions Credit for 20% of line Rules method: LIFO

Revenue is reversed for the last two periods equally (ie. $100 each).  
As per LIFO, it should have reversed it for the second to last period $150 in Full and $50 for the last but one period.

Similarly, this issue exists for other methods too (ie. Prorate/Unit Method).  Accounting is incorrect.

Cause

To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!


In this Document
Symptoms
Cause
Solution
 1. Bug Summary
 2. Fixed Files
 3. Recommended Patches
 4. Solution Steps
 Still Have Questions?
References

My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.