Oracle Apps ERP R12

  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.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. 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. 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. 4.Prepayment Invoice: Prepayment invoices are used when...

The types of invoices in Oracle ERP can vary based on the specific module and the needs of the organization. Here are some common types of invoices in Oracle ERP: Accounts Payable (AP) Invoices: Standard Invoice: Used to request payment from a customer for goods or services provided. Debit Memo: Issued to increase the amount owed by a customer due to additional charges or adjustments. Credit Memo : Issued to reduce the amount owed by a customer due to returns, discounts, or other adjustments. Prepayment Invoice: Created when a customer makes an advance payment before receiving goods or services. Accounts Receivable (AR) Invoices: Standard Invoice: Represents a request for payment for goods or services provided to a customer. Credit Memo : Issued to reduce the amount owed by a customer, often due to returns or adjustments. Debit Memo: Used to increase the amount owed by a customer, typically for additional charges or fees. Adjusting Journal Entry: Created for accounting adjustments...