My Oracle Support Banner

OIE: Advances - Managing Advance Repayments In Oracle Payables (Doc ID 2007899.1)

Last updated on MARCH 08, 2017

Applies to:

Oracle Internet Expenses - Version 12.2.4 and later
Information in this document applies to any platform.

Goal

On : 12.2.4 version, Expenses Administration Utils

OIE: Advances - Managing Advance Repayments in Oracle Payables

1) Scenario is : An employee received an advance of $1,000 USD. $600 USD was applied to an expense report and exported into Oracle Payables. The remaining amount of $400 USD must be paid back to the employer. (because OIE: Carry Advances Forward profile option is set to NO).

Reference iExpenses implementation and Administration Guide - section "Handling Remaining Advance Amounts" talks about this.

What is the recommended way to handle this scenario? The approach mentioned in the guide is not very clear on accounting entries/accounting impact. Accounting entries for each of the 3 steps in the guide is not clear. What does it mean by creating internal invoice? What expense account ?

2) Can we handle is by creating a Misc. Receipt in AR ? But what about the remaining prepayment amount in AP?
 

Solution

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
Goal
Solution


This document is being delivered to you via Oracle Support's Rapid Visibility (RaV) process and therefore has not been subject to an independent technical review.
My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.