Is It possible to apply a Payables Credit Memo directly to a Standard Invoice without any payment

Summary:

Hi Team,

We would like to confirm whether a Credit Memo can be applied directly to a Standard Invoice within the Payables module, without processing a payment or using a bank transaction and mark invoice as paid.

Our business requirement is to offset the Credit Memo against the Standard Invoice directly, instead of creating a payment through a bank account.

Can anybody please confirm whether this functionality is available in Oracle Fusion Payables? If it is not available, kindly advise on the recommended approach.

Thanks

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