erpSchools

Tag: Invoices

  • Retainage Release Invoices in Oracle AP

    Retainage Release Invoices in Oracle AP: Retainage means retaining certain amount of money with us without paying the supplier in full. The retained amount is released or paid to the supplier when all the terms of the agreement have been met or all the work is completed. Pre-requisites: 1. Retainage Account setup: Navigation: Payables Responsibility…

  • PO Matching Rules

    PO Matching Rules are applied at Purchase Order (PO) level and are used to validate AP Invoices before making the payment to suppliers. PO Matching rules can be configured 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…

  • Invoices and Credit Memos in Oracle AR

    Invoices and Credit Memos in Oracle AR: Glossary: Invoice: A document that will convey how much the customer has to pay for the goods and services he has bought and due date for paying the amount. Credit Memo: Negative amount to decrease the balance of the invoice. Balance of Invoice: The amount that the customer…