Receivables - EBS (MOSC)

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Dual Payment Method with one AR Invoice how to handle in AR

edited Sep 12, 2014 5:04AM in Receivables - EBS (MOSC) 1 commentAnswered

Scenario:

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1) The client raised a Sales Order for USD 2000, which USD1500 will be covered by LC(Letter of Credit), and remaining USD500 will be done through TT payment method.

 

2) Under standard Oracle solution, this sales order will have 2 lines with different payment method and with 2 invoices to be created in Finance in AR. However, under client’s customer request, only invoice with LC payment will be sent to customer and declared through customs. For Finance AR, only 1 invoice for RM2000 will be created.

 

3) I have concerns over the audit and GST regulations issues, but client has stated that this kind of payment method (dual payment methods) are common in Singapore

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