Accounts Payable - What procedure for excess payment to supplier i would like know without adjusting invoice that means

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What procedure for excess payment to supplier i would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps

Total Answers and Comments: 6

Last Update: July 23, 2008 Asked by: bmahathma

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January 06, 2006 02:27:46

S.RAVINDRA

RE: what procedure for excess payment to supplier i wo...

Excess payment to supplier is treated as Advance paid to supplier. This will show as debit balance in supplier account.

Supplier can send the payment by way of cheque / demand draft without adjusting in his subsequent bills.

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June 01, 2006 06:48:33

suryaprakash B

RE: what procedure for excess payment to supplier i wo...

The following steps to be taken.

1. We have ask for the repyament of excess money

2 If he do not make repayment we can place some other order to compensate the same

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February 22, 2007 06:59:23

Santosh .S

RE: what procedure for excess payment to supplier i wo...

with out adj to inovice , excess payment can be taken as " pre payments" in or.app as a the status "temp" or "permenant"

steps

just like the producers of enter of invoice but only select the type as "pre payments"

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June 03, 2007 04:34:55

ch.sambhasiva

RE: What procedure for excess payment to supplier i wo...

In oracle apps this procedureÂ called as Refund. So, in this process supplier will send adujusting amont to customer. It is called as Refund, Maximum this amount sent as cheque or EFT.

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June 20, 2007 12:15:05

preetamdelhi

Member Since: June 2007 Contribution: 1

RE: What procedure for excess payment to supplier i wo...

As per my understanding, we should ask for a credit note to the Vendor.

Suppose the vendor has raised the invoice for US$ 200.00 i/o US$ 150.00. Now if vendor send us the Credit note of US$ 50.00 then we can adjust the same against the invoice in Oracle.

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July 23, 2008 10:20:41

Kamala kannan

Member Since: July 2008 Contribution: 1

RE: What procedure for excess payment to supplier i would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps

When we made excess payment to supplier this will show as debit balance in supplier account. In this circumstance we can ask supplier to issue a credit note, once we entered the credit note in the same supplier account the debit balance will get adjusted.

Or We can adjust the excess payment in the subsequent order, which will receive from the same supplier.

Kamal

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