FW: AR Credit memo Application

hi all,
Our cleint is facing following issues. Can you people plz provide some solution..
1) We have a customer that would like to receive a check for a credit memo rather than a on account credit, is that possible and  how is that done.
2) Also we have a customer that is also a vendor and we would like to give him an on account credit for items we purchased from him rather than a check is that possible.
Thanks inadvance.
Regards,
Richy Anand

First Answer
Use transaction code F-31 for payment to customer
2nd Answer
Go to Customer Master in General data/control data and enter vendor number
Select company code data/payment transactions and select clearing with vendor check box
Go to Vendor Master/Control data and enter above customer
Go to Vendor Master/payment transactions tab and select Clearing with Customer check box.
Srinivas

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    Question: Is the setup for Cross Currency rreceipt also work for the coross currency credit memo i.e the Profile options?
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    Santosh Rao

    Hello,
    Thank you i have checked this note and this note appears to be for same currency application, whereas the question is posted for Cross Currency Credit Memo applicaiton
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  • GL journal line for AR Credit Memo application to invoices

    Hi all,
    We upgraded to R12 (12.0.4) in January-09. Unfortunately we've had various issues with AR that we've been working through with Oracle Support. One of the issues has been the accounting for credit memo applications to invoices not being transferred to GL by the Create Accounting program. Previously in 11i all credit memo application to invoices were transferred to GL. So basically you would have a journal for the invoice, the credit memo and the credit memo application itself. The credit memo application was transferred to GL automatically via the Transfer to GL program and had a journal category of 'Credit memo applications'. There seems to be no comparable journal being created for this in R12.
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    Hi Anil,
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    CR Revenue Account 400000 -> $1000
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    Hi,
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    5. Check payment methods in both invoice and credit memos.
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    Hi Anil,
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    ie
    Invoice from 01-Jan-2008
    DR Receivables Account 130000 -> $1000
    CR Revenue Account 400000 -> $1000
    Now if you create a manual credit for the item in full today, the entry of the Credit memo might look like this
    DR Revenue Account 400000 -> $1000
    CR Receivables Account 120000 -> $1000
    Credit memo application to apply the credit memo to the original invoice:
    CR account 130000 $1000
    DR account 120000 $1000
    Now this functionality was standard functionality in 11i because I guess the designers realised if there was no "correction" journal then your GL would be imbalanced at an account level.
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  • Credit Memo with Open Receivable flag 'N'

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    Hi,
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    Using the AR Credit Memo by Service is definitely not what my client is looking for because they need the actual price per item for the AR invoice.*
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  • Auto Application of Credit Memo to an Invoice

    Hi experts,
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    Thanks and Regards,
    Mohammed

    Hi experts,
    We have a requirment of auto applying a credit memo to an invoice. The situation is as follows:-
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  • A/P credit Memo

    When to exactly use credit memo and what will be its effect and where...........Solve it..

    Saurabh,
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    We have a requirement wherein we have to load Standard invoices as well as
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  • How to create On Account Credit Memo in R12.1.3

    Hello Experts / Dina,
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    Edited by: oracle_samba on Feb 14, 2013 6:16 AM

    Hi Dina,
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    Application error
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    SAP intends to provide a patch or patches in order to solve the problem described.
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    The corresponding Info file of the patches in SAP Service Marketplace will also show the SAP Note number.
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