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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.


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?


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