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Application: Oracle Account Receivables
Title: Creation of Standard Invoice and Credit Memo
Content
About Invoice and Credit Memo……………………………………..3
Steps Required for Invoice and Credit Memo……………………..…2
1. Define Invoice Transaction Type…………………….……...3
2. Define Invoice Transaction Source………………….……....4
3. Enter the Invoice Transaction ……………………….……....5
4. Define Credit Memo Transaction Type……………………...9
5. Define Credit Memo Transaction source……………………10
6. Enter the Credit Memo and Apply to Invoice Transaction….11
Test Case……………………………………………………………...17
1. Query the Invoice Transaction to Check the Result…………17

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About Invoice Transaction and Credit Memo
When we sell goods to record normal sales we use invoice Transaction.

When customer returns goods, to reduce customer balance we use credit memo it is negative sign
transaction

Step-1 Define Invoice Transaction Type

Application: Account Receivables

Nav: Setup  Transaction  Transaction Types

1. Select operating unit

2. Select legal entity
3. Enter the transaction type name
4. Select class as invoice
5. Select transaction status as open

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Step-2 Define Invoice Transaction Source
Application: Account Receivables

Nav: Setup  Transaction  Transaction Source

1. Select operating unit

2. Select legal entity
3. Enter the transaction source name
4. Select type as manual
5. Enable automatic transaction numbering enter the last number
6. Save it

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Step-3 Enter the Invoice Transaction
Application: Account Receivables

Nav: Transaction  Transaction

1. Select transaction source

2. Select transaction type
3. Select type as invoice
4. Select bill to
5. Click on line items

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1. Select the item
2. Enter the quantity
3. Select unit price
4. Click on distribution

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1. Select account for all lines
2. Enter the receivables account
3. Enter the revenue account
4. Save it and close this window

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1. System will generate transaction number automatically
2. Click on complete

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Step-4 Define Credit Memo Transaction Type
Application: Account Receivables

Nav: Setup  Transaction  Transaction Types

1. Select operating unit

2. Select legal entity
3. Enter the debit memo transaction type name
4. Select class as credit memo
5. Select transaction status as open
6. Select creation sign as negative
7. Select print option
8. Save it

Step-5 Define Credit Memo Transaction source

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Application: Account Receivables

Nav: Setup  Transaction  Transaction Source

1. Select operating unit

2. Select legal entity
3. Enter the credit memo transaction source name
4. Enter the description
5. Select type as manual
6. Enable automatic transaction numbering an enter last number
7. Save it

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Step-6 Enter the Credit Memo and Apply to Invoice Transaction
Application: Account Receivables

Nav: Transaction  Transaction

1. Select credit memo transaction source

2. Select class as credit memo
3. Select credit memo transaction type
4. Select bill to and ship to
5. Click on line items

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 1. Enter the description
2. Select quantity
3. Enter unit price as Negative
4. Click on distributions

1. Select account for all lines

2. Enter the receivables account
3. Enter the revenue account

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4. Save it and close this window

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1. System will generate transaction number automatically
2. Click on complete

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1. Go to actions
2. Select applications

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1. Select apply to invoice number
2. Save it

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Step-7 Query the Invoice Transaction to Check the Result
Application: Account Receivables

Nav: Transaction  Transaction

1. Query standard invoice

2. Check the balance due
3. Click on details

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