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Application: Oracle Account Receivables
Title: Receipt Reversal
Content
About Standard Receipt Reversal ……………………………………..3
Steps Required for Standard Receipt Reversal………………………...2
1. Enter the Standard Invoice…………………………………….4
2. Enter Receipt Apply Against Invoice…………………………8
3. Query the Invoice Transaction to Check the Balance Due…...10
4. Query the Receipt to Reverse………………………………....11
5. Again Query the Invoice Transaction to Check the Balance
Due……………………………………………………………14

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About Receipt Reversal
Receipt reversal is nothing but a kind of cancellation of receipt.

There are two types of receipt reversal methods

1. Standard reversal
2. Debit memo reversal

Standard reversal: when we reverse the receipt with the standard reversal, all the transaction
which is associated with the receipt will get reversed

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Step-1 Enter the Standard Invoice
Application: Account Receivables

Nav: Transaction  Transaction

1. Select transaction source

2. Select transaction type
3. Select type as invoice
4. Select bill to
5. Click on line items

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1. Select the item
2. Enter the quantity
3. Select unit price
4. Click on distribution

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1. System will generate transaction number automatically
2. Click on complete

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1. Transaction completed

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Step-2 Enter Receipt Apply Against Invoice

Application: Account Receivables

Nav: Receipts  Receipts

1. Select receipt method

2. Enter receipt number
3. Enter receipt amount
4. Select receipt type as standard
5. Click on apply

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1. Save it

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Step-3 Query the Invoice Transaction to Check the Balance Due
Application: Account Receivables

Nav: Transaction  Transaction

1. Query the invoice

2. Check the balance due

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Step-4 Query the Receipt to Reverse
Application: Account Receivables

Nav: Transaction  Transaction

1. Query the receipt

2. Status is conformed
3. Click on reverse

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1. Enter the date
2. Select category
3. Select the reason
4. Click on reverse

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1. The status is reversed

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Step-5 Again Query the Invoice Transaction to Check the Balance Due
Application: Account Receivables

Nav: Transaction  Transaction

1. Query the transaction

2. Check the balance due

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