Core Credit
Could you please shed some light on below scenario, appreciate your help.
How are credits – money due us from suppliers- handled in Oracle pruchasing/payables?
Ex: the buyer speaks with the supplier and orders a motor for $ 1000.00
The suppler advised that we will get a $ 400.00 credit when we give them the old motor. That is called a “core credit.” The PO has to be cut for the actual cost of the new motor.
How is the credit due entered?
How are credits – money due us from suppliers- handled in Oracle pruchasing/payables?
Ex: the buyer speaks with the supplier and orders a motor for $ 1000.00
The suppler advised that we will get a $ 400.00 credit when we give them the old motor. That is called a “core credit.” The PO has to be cut for the actual cost of the new motor.
How is the credit due entered?
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