How to record Prepayment Received Back From Supplier
(Doc ID 1949298.1)
Last updated on SEPTEMBER 25, 2023
Applies to:
Oracle Payables - Version 12.1.3 and laterInformation in this document applies to any platform.
Goal
We have a scenario here wherein a prepayment was for $100..Standard Invoice for $90 was raised and applied against the above prepayment.
Now we have net prepayment of $10 outstanding.
Supplier then returns this $10 and we wont be transacting with this supplier in future.
Wanted to check as to how should we treat this return of $10,
Solution
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In this Document
Goal |
Solution |
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