Oracle Credit Memo Bulk Application
In this post we will see how to create credit memo and do credit memo bulk application
1. Navigation-->Login into Oracle Fusion-->Go to Receivables offering-->Click on Billing option-->Click on task pane on the right side.
2. Create transaction with Invoice Class as 'Credit Memo' with the following information as I have entered it for a test purpose, you may fill the information you need to fill in for your case.
4. Click on task pane on the task - Manage Credit Memo Application
5. Now you add your invoices by clicking on 'Add Open Receivables', fill in your amount as desired under applied amount and click on save. Your bulk application of credit memo will be done, now you can do the accounting.
6. Accounting will be reversed - Revenue Dr and Receivable Cr.
7. Invoice balance details will show credit memo applied and invoice reduced amount.
