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Credit Memo and Debit Memo ??? [message #471366] Fri, 13 August 2010 11:19 Go to next message
oraclefaqs1
Messages: 23
Registered: October 2008
Location: SC
Junior Member
Hi all,

Can anyone please explain the concept of credit and debit memos in Oracle. I Googled it but still it seems to be a bit confusing to me. Questions I have:

1) Explain credit/ debit memos?
1) Do we have credit and debit memos in both AR and AP?
2) How and where are they loaded?

I appreciate your help.

Thanks,

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Re: Credit Memo and Debit Memo ??? [message #471674 is a reply to message #471366] Mon, 16 August 2010 11:40 Go to previous message
Alien
Messages: 292
Registered: June 1999
Senior Member
Hi,

they are common enough english terms.
1) Credit and debit memo's are used to adjust a customer balance. Common uses are for additional charges or to settle a dispute.
1) Yes, since they are eachothers complement.
2) Depends. But enter them as a regular transaction with the correct transaction type.

Regards,

Arian

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