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  How to Apply Credit Memo to invoice in Oracle Payables In this below post, We will Create the Credit  Memo  in Oracle payables and then Apply this credit Memo in the Standard Payables  Invoice . These are the Below  Steps  We will perform to Apply Credit Memo in Oracle Payable. 1: Enter a Credit/Debit Memo in the Invoice Workbench. Enter a  negative  amount. Do not manually enter the  distributions . 2: In the Match Action field scroll to Match Action field. Using drop down select Invoice. 3: Click on the Correction button. 4: Enter search  criteria  for the invoice, in the Find Documents for Correction window. Click on the Find button. Payables navigates to the Invoice Corrections window. To see more information about an invoice, you can select it and click on the Invoice  Overview  button. 5: Select the invoice and enter a Credit Amount. Yo...

  Encumbrance Accounting - Setup and Usage 1.  What are the setups required to have encumbrance accounting in 11i and R12 architecture? For 11i: a) Enable the check box for PO encumbrance,INVOICE encumbrance and REQ encumbrance (if required) with  unique encumbrance types  for REQ,PO and INVOICE. Navigation: Purchasing > Setup > Organization > Financial Options > Encumbrance tab b) Enable the Budgetary Control flag and define the Reserve For Encumbrance (RFE) a/c for the Set of Books. Navigation: General Ledger > Setup > Financials > Books > Define c) It is preferred to enable the ‘Reverse Encumbrance’ check box in Inventory > Setup > Organization > Parameters > Costing tab and define the Encumbrance account in Other Accounts tab if requisitions/purchase orders are created with inventory destination for inventory asset items in encumbered environment. d) Purchasing period under which the GL date of purchasing document falls and AP ...

1. When requisition is raised & approved:- PO Distribution Charge Accounts Dr XXXX To Commitment Reserve for Encumbrance Cr XXXX 2. When Auto PO is created from requisition & approved:- Commitment Reserve for Encumbrance Dr XXXX To PO Distribution Charge Accounts Cr XXXX PO Distribution Charge Accounts Dr XXXX To Obligation Reserve for Encumbrance Cr XXXX 3. When Expense Item is Received & Delivered to Expense Destination:- Receiving Inventory Account Dr XXXX To Expense A/P Accrual Account Cr XXXX Obligation Reserve for Encumbrance Dr XXXX To PO Distribution Charge Accounts Cr XXXX PO Distribution Charge Accounts Dr XXXX To Receiving Inventory Account Cr XXXX