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What is the equivalent feature of Customer Deposits in Fusion ?

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edited Sep 6, 2019 6:55PM in Receivables & Collections 8 comments

Summary

How to create customer deposit document to share with customer?

Content

Hi All,

We have a requirement to create a deposit transaction for a customer and later to settle the deposit amount against the upcoming invoices for the same customer. I understand that Fusion doesn't have 'Deposit' feature available in the Receivables module and a couple of folks may have just created the receipt (act as a customer deposit) as a workaround, however, how do I create the deposit document in the system which can be printed and shared with the customer to make a payment against?

Also, how do I take care of accounting as it was available in Oracle EBS which upcoming invoices used to settle against the deposit transactions and creating appropriate accounting accordingly?

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