Oracle Receipt Writeoff and Invoice Adjustments

Invoice Adjustment:

Objective :

any minor balance remaining in an invoice due to exchange or unpaid, if need to be writted of can be done with Invoice adjustment.

Process:

Set the system options in receivable for amount to be written off . Put like -100 to 100
Create a receivable activity :
setup > Receipts> Receivable activity> Invoice Adjustment.
Keep the approval limit set from setup > adjustment> approval limit

Query the invoice in workbench > Action > Adjust> enter the adjstment activity created and save.


Receipt Adjustment

Objective :
Any minor balance remaining on receipts which is given in excess or unpaid to be written off.

Process :

Set the system options in receivable for amount to be written off . Put like -100 to 100
Create a receivable activity :
setup > Receipts> Receivable activity> Invoice Adjustment.
Keep the approval limit set from setup > adjustment> approval limit

Query the receipt> apply > select the receipt writeoff activity from list of values and apply



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