R12-PREPAYMENT()

Oracle

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R12-PREPAYMENT()
Oracle Prepayment Summary 1. PREPAYMENT(UG-define)a prepayment is payment in advance of the delivery of goods or invoices.

Receivables creates prepayments as receipts before the related invoices are created.later, a business event from your feeder system triggers the invoicing process in receivables, and an autoinvoice postprocess matched the prepaid receipts to their related invoices. The creation of prepayment receipts and the subsequent application to matching prepaid invoices is a process that occurs without user intervention Note: u cannt manually create prepayments in receivables, instead, you feeder system initiated the creation of prepayments in receivables. 2. Prepayment Method 3. Automatic clearing house bank account transfer Cash Check(tendered to order taker) Credit card/purchase card Direct debit

Prepayment Flow

Seed system (cash)

Prepayment Receipt API

Application

Without user intervention

API Order INVOICE Marked as prepaid

4. core tech: Receipt API Prepayment API

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Autoinvoice API

U can review your prepayment receipts history: 5. Use the other receipt applications report to view the receipts that were applied to the prepayment application type Use the receipts summary window to view a history of your receipt applications

Prepayment Account

Setup steps 6. Define a prepayment receivables activity

7. 8.

Define receipt methods Set the sequential numbering profile option to always used or partially used. Next ,define an sutomatic document sequence, or use an existing sequence, and assign it to the document category that receivables automatically created for the receipt methods you defined in the previous step. (optional) define a prepayment payment term Tip: optionally set the number of days to zero if you are define a prepayment payment term

9.

10. Managing your customers prepayments Prerequired: a strict accounting and audit trail for orders that you process
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Change an order without changing the order amount

If an order change does not result in a price change, then receivables does nothing Cancel an order

For credit card prepayments where the prepayment receipt has already been remitted, receivables refunds the original credit card using standard credit card refund functionally. Note: use a receipt class with a remittance method of standard on the original credit card prepayments, if you are using oracle payments. If the prepayment receipt has not been remitted, or for prepayments made with other payment methods, receivables places the refund amount on account Decrease the order amount

For credit card prepayments where the prepayment receipt has already been remitted, you can refund the original credit card for a full or partial refund. Increase the order amount Reallocate prepaid funds towards an overdue invoice

U can unapply a prepayment receipt and manually reapply the amount to another invoice. When u later import the order into receivables using autoinvoice, receivables considers the prepaid invoice that was associated with the receipt to be unpaid and treats it as a typical overdue invoice. Refers to 11. credit card refunds prepayment

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 Step1 Unapply the amount of the refund from one or more application lines on the original credit card receipt or Apply an on-account credit memo in the amount of the refund to the original credi card receipt Step2 refund

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 on-account refund

Step3 Apply the refund to the receipt using the credit card refund application type. Receivables automatically creates a negative miscellaneous receipt for the amount of the refund. Step4
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Run the automatic remittances program to remit the negative miscellaneous receipt and initiate the refund. When you run the automatic remittances program ,receivables passes the negative miscellaneous receipt information to oracle payments.the automatic remittances program uses payments to transafer funds back and forth between your customerscredit card issuer and your bank Problem 10182-5 1.

2. 3.

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