Types of AP invoices in oracle ERP

 In Oracle ERP (Enterprise Resource Planning), specifically in the context of Accounts Payable (AP) invoicing, you can create and manage various types of invoices to handle different financial transactions and business needs. Here are some common types of AP invoices in Oracle ERP:

  1. 1.Standard Invoice:

    • This is the most common type of AP invoice, used to request payment from your organization's customers for goods or services provided. It typically includes details such as the supplier's name, invoice number, invoice date, and itemized charges.


  3. 2.Credit Memo:

    • A credit memo is issued by a supplier to reduce the amount owed by your organization. It may be used to account for returns, discounts, or other adjustments to previously issued invoices.


  5. 3.Debit Memo:

    • Conversely, a debit memo is issued by a supplier to increase the amount owed by your organization. It might be issued for additional charges, fees, or other adjustments.


  7. 4.Prepayment Invoice:

    • Prepayment invoices are used when your organization makes an advance payment to a supplier before receiving goods or services. They represent the amount paid in advance.


  9. 5.Expense Report Invoice:

    • Expense report invoices are generated to reimburse employees for their out-of-pocket expenses, such as travel, meals, and incidentals.


  11. 6.Recurring Invoice:

    • Recurring invoices are automatically generated at specified intervals for ongoing services or subscription-based expenses.

  12. 7.Mixed :

  13. you can enter either a positive or negative amount for a mixed invoice type.

8. Transportation Invoice :
A Transportation Invoice refers to an invoice generated by a transportation or logistics service provider for services related to the shipment or transportation of goods. These invoices are essential for tracking transportation expenses and managing costs associated with the movement of goods within an organization.

9. Withholding Tax:
A Withholding Tax Invoice is a specialized type of invoice used in business transactions where a portion of the payment to a vendor or supplier is withheld by the payer (usually the customer or the organization) for tax purposes. This withholding tax is collected at the source and remitted to tax authorities on behalf of the vendor.

10. Tax Invoice:
A "Tax Invoice" is a specific type of invoice that includes detailed information about the taxation applicable to a transaction. Tax invoices are typically used in business-to-business (B2B) and business-to-consumer (B2C) transactions to document the sale of goods or services and to facilitate tax compliance

11.Retainage:
A Retainage Invoice is a type of invoice used in construction and contracting projects. Retainage refers to a portion of the contract amount that is withheld by the customer (usually the project owner or client) from the contractor as a form of security or insurance until the project is completed to the satisfaction of the customer



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