Receivables - EBS (MOSC)

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Customer and Supplier

edited Nov 23, 2008 1:13AM in Receivables - EBS (MOSC) 3 commentsAnswered
 I am having a Supplier X from whom I buy services.

I also sell goods to Customer X.

Supplier X and Customer X is a single company.

Business Case 1: When Customer X owes money

For the services rendered by Supplier X, I owe Rs. 1000/- (recorded in AP as an Invoice)

Customer X owes me Rs. 1500/- for the goods sold (Recorded in AR as an Invoice)

Now customer X pays Rs. 500/- as this is the net off amount. How to account in oracle payables and oracle receivables Aand ensure the liability is knocked off in Oacle Pyables and outstanding is knocked off in Oracle Receivables.

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