Zero payment in oracle payables r12

Zero payment in oracle payables r12

Zero Amount Payment in Oracle Payables is the process of Netting the credit memo with the Standard Invoice at the time of payment. For example, You Supplier sent you an Invoice of amount $200 and you have booked this Invoice as a Standard invoice in the Oracle Payables and then Your Supplier send one another credit memo for an amount of $20 and he mentioned that he has mistakenly add 20$ more in the first Standard Invoice so now he is giving the credit memo to adjust these $20 so the final outstanding or the final amount we need to pay to the supplier Is $180. But We have Already enter the Supplier invoice for the amount of @200 so my system still showing the Outstanding of $200 for this supplier but in actual is $180.

 

To make it correct in the system We will also enter the Credit memo for the amount of $20 for this supplier.

Few Important Points to be consider before making Zero Payment in the System.

• If you pay with a payment batch, when you initiate a payment batch you must check Allow Zero Payments in the Payment Batches window.

• If the payment document you select is defined with a format that allows only zero-amount payments, Payables will default the Minimum and Maximum Payment Amounts to zero.

• If you want to select cancelled invoices for payment, when you initiate a payment batch you must also check Allow Zero Invoices in the Payment Batches window.

• If a supplier site's available credit amount exceeds the invoice total, Payables will create a zero-amount payment to apply part of the credit amount against the total of the basic invoice.