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Types of Invoices in Oracle Payables 1. Standard Invoices:  Standard invoices are the invoices issued by a supplier to the buyer, representing the amount due for the products or services the supplier has provided to the buyer. Standard invoices can be either matched to a purchase order or not matched. A standard invoice must be positive amount. 2. Mixed Invoices:  Mixed invoices are the invoices which can have either positive or negative amounts and can be matched to both purchase orders and invoices. For example, if there is a mixed invoice for $-1000, you can either match it to an invoice with $-1000 or to a purchase order with an amount $1000. 3. Credit Memo:  Credit memo is an invoice raised by the supplier to the buyer with negative amount. It reduces the supplier balance and reduces the liability. For example the customer has returned some of the goods that he purchased, the supplier sends a credit memo to the buyer to adjust the balance. 4. Debit Memo:  Debit ...

Types of Invoices in AP: The different types of invoices available in Payables are: 1. Standard Invoices:  Standard invoices are the invoices issued by a supplier to the buyer, representing the amount due for the products or services the supplier has provided to the buyer. Standard invoices can be either matched to a purchase order or not matched. A standard invoice must be positive amount. 2. Mixed Invoices:  Mixed invoices are the invoices which can have either positive or negative amounts and can be matched to both purchase orders and invoices. For example, if there is a mixed invoice for $-1000, you can either match it to an invoice with $-1000 or to a purchase order with an amount $1000. 3. Credit Memo:  Credit memo is an invoice raised by the supplier to the buyer with negative amount. It reduces the supplier balance and reduces the liability. For example the customer has returned some of the goods that he purchased, the supplier sends a credit memo to the buyer to ...

PO Matching Rules will be set at Purchase Order (PO) level. PO Matching Rules are used to validate AP Invoices before making the payment to suppliers. PO Matching rules can be set at five different levels to default them on to purchase order. Once matching rule is defaulted on to PO we have the option to override them as needed. In the list below, a setting at any level will override the settings above it. 1. Oracle Purchasing Options a. Navigate to: Setup > Organizations > Purchasing Options b. Select Default Alternative Region 2. Supplier Information a. Navigate to: Supply Base > Suppliers b. Query on specific supplier c. Click on Open d. Select Receiving Alternative Region 3. Line Types a. Navigate to: Setup > Purchasing > Line Types b. In the Receipt Required field: Yes = 3-way, No = 2-way 4. Items a. Navigate to: Items > Master Items b. Query on specific item c. Select Purchasing Alternative Region d. In the Invoice Matching section: Yes = 3-way, No = 2-...

1. Explain about Accounts Payable. Ans) The Accounts Payable  application  component records and manages accounting data for all vendors. It is also an integral part of the purchasing system: Deliveries and invoices are managed according to vendors. The system automatically triggers postings in response to the operative transactions. In the same way, the system supplies the Cash Management application component with figures from invoices in order to optimize liquidity planning. 2.What is the meaning of invoice? Ans) An invoice or bill is a commercial document issued by a seller to the buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer. An invoice indicates the buyer must pay the seller, according to the payment terms. In the rental industry, an invoice must include a specific reference to the duration of the time being billed, so rather than quantity, price and discount the invoicing amount is based on quant...