How to cancel ar invoice in oracle apps r12
In this post, we will discuss about
How to cancel ar invoice in oracle apps r12. In Oracle Payables we can cancel
the ar invoice in oracle apps r12 but in Oracle AR we cannot cancel the AR
invoice. So, either we can Delete that AR Invoice in oracle apps r12. Oracle
system allow us the options to delete the AR transaction from the System but we
cannot delete each AR transaction in Oracle. These are some steps and rule
which we need to do to cancel or delete an ar invoice in oracle apps r12.
Rules For How to cancel ar invoice in oracle apps r12
If the accounting for that ar
invoice has been happened then we cannot delete that transaction so in this
case how you can cancel this AR transaction. There are two ways in this.
1. Create the Credit Memo for
the same customer and then apply this Credit memo to this AR Invoice by which
you can reduce or nullify the debit of the customers.
2. Do the adjustment in this AR
invoice but this is not the recommendable step in the Invoice amount is big.
1 comments:
Why cancellation option is not provided by Oracle for AR Transaction once its accounted. Is there any reason behind it?
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