How to Open/Update Claim Settled by Check When AP Payment Voided (Doc ID 604289.1)

Last updated on SEPTEMBER 02, 2016

Applies to:

Oracle Trade Management - Version 11.5.10 and later
Information in this document applies to any platform.
Checked for relevance on 15-NOV-2013

Goal

When a Claim is settled by method 'check' within Trade Management and then invoiced and paid within Payables (AP) the following journal entries:

Offer is Created - DR to Sales and CR to Accrued Liability
Claim is Settled - DR to Accrued Liability and CR to Un-vouchered
Claim is Invoiced by AP - DR to Un-vouchered and CR to Liability
Claim is Paid by AP - DR to Liability and CR to Clearing

Now the invoice is canceled and payment is voided.

Correct journal entries are created from the AP Module but TM does not create the reversing entries it shows that the invoice was canceled and the check voided

Create another journal entry or accounting event to CR the Accrued Liability and DR the Unvouchered?

Solution

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