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Thursday, February 3, 2011

Oracle Receivables Transaction Classes


Below list will give you the different types of Transaction classes available in Oracle Apps Receivables. Breif description was also given.


Class
Description
Invoice
Bill customers for products or services
Credit memo
Credit customers (On-account credits do not refer to specific invoices.
Debit memo
Bill customers for products or services that were not included on the original invoice
Deposit
Bill customers for contractual agreements
Guarantee
A contractual agreement that is referenced by invoices (Bill customers for the items on the invoice, not the guarantee.)
Chargeback
Adjust the remaining balance of an existing debit item to zero, and create a new debit item to bill customer for unpaid balance of original
invoice.

1 Responses to “Oracle Receivables Transaction Classes”

Jimi Akinola said...
March 21, 2014 at 7:02 AM

Very simple and clarity in understanding


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