Receipt reversal in oracle apps r12

Receipt reversal in oracle apps r12

In this post , We will discuss about Receipt reversal in oracle apps r12. Receipt reversal means , we are reversing the payment of the customer. Oracle has given the feature to reverse the receipt at any time but you need to perform some steps before reversing the receipt in oracle apps r12. Here below I will share the complete steps for Receipt reversal in oracle apps r12.

 

 

 

4 steps to do Receipt reversal in oracle apps r12

Step1:- First , We need to check , receipt should not be applied to the customer invoice but if its applied to the invoice then you first go to that invoice and then unapplied that receipt.

 

Step2:- Go to the Oracle Receivables responsibility and in that Go to Receipts Form the same window in which we do enters Customers Receipts

 

Step3:- If you want to do the Receipt reversal in previous months then you need to check the whether AR period is open or closed. Other wise you need to do the Receipt reversal in the current month.

 

Step5:- Go to Receipts Form ==> Query the Receipt Number ==> Click on the Reverse Button ==> Enter the Date of Reversal ==> Select the Reverse Category reason.