How to Create and Apply AR Credit Memo

[@MrArmaani]

Great Explanation, Please create video about Complex Purchase Order, Work Confirmation and Retainage.

[@OracleEbizandFusionVideos]

Sure

[@khushboovarshney9213]

Hello sir, I am following your videos and they are very knowledgeable. You have made oracle easy :D . It would very helpful if you can make a video on "yearly Accounts Payables 1099 process as prescribed by IRS".

[@OracleEbizandFusionVideos]

Sure. I will this to my long list of topics to be covered :-)

[@abhisekhnayak5780]

Great explanation. Sir could u make a video on automatic offset methods

[@OracleEbizandFusionVideos]

Sure

[@OracleEbizandFusionVideos]

Yes, created the same. Please find below the link:- kzbin.info/www/bejne/omXWeqWVg85prtk

[@vinithviny9253]

Hi sir ,very helpful video ,can u plz make video on creating tax (Sgst and cgst )While creating transaction in accounts receivable ??plz reply sir

[@OracleEbizandFusionVideos]

Sure...I will add this to my long list of topics to be covered :-)

[@Shehzadjutt721]

hello sir as i entered credit memo in system double tax deducted even i done it through credit memo or through original transaction, in both cases as i save the tax value double calculated.

[@OracleEbizandFusionVideos]

Are you using Oracle EBtax or any other tax integrators like Vertex, Avalara etc.?

[@veerajayaraman3700]

Hello, Sir can we able create multiple CM, DM's using the adi template which is a macro excel. As we use it for receipt creation.

[@OracleEbizandFusionVideos]

Whether your question is related to Oracle EBS or Fusion?

[@shwetanjalidas4782]

I tried creating the CM by the first method but it did not adjust the tax amount and the CM got generated with the line amount only. please suggest what can be done to rectify this?

[@OracleEbizandFusionVideos]

You can create another credit memo for just tax amount

[@muralisethi]

Hello Sir, Why do we need to create standalone credit memo instead of automatic credit memo? Please provide any scenario. Thanks!!!

[@OracleEbizandFusionVideos]

Can you more details on what do you mean by automatic Credit memo? Do you mean credit memo generated from Order Management RMA Orders?

[@Ramarama-kx8dg]

Here we need to select credit source right but not manual other

[@OracleEbizandFusionVideos]

Some of the Transaction Sources are Oracle seeded and some are user defined.. You can create your own transaction sources with any name.. But, in this case, as we are applying a credit memo, it does not mean that we should be selecting a transaction source by name "Credit"

[@ablackpink2920]

can we reverse the credit memo? if I did by mistake applied to an invoice

[@OracleEbizandFusionVideos]

Yes, you can unapply a credit memo which is applied to an invoice

[@feliciatobiana3202]

Hi Sir, can we apply the credit memo to several invoices? kindly need your advice. thank you

[@OracleEbizandFusionVideos]

Yes you can

[@onlinealways9853]

hi sir, please make a video on Autoinvoiceing grouping...... and sir can we make a single AR invoice against multiple Sales order having similar(Customer,Site,Bill to, ship to but different order type)?

[@OracleEbizandFusionVideos]

Yes, thats possible. You can have single AR invoice for multiple Sales orders as long as the Customer, Bill to, ship to etc... are same.

[@OracleEbizandFusionVideos]

Also in Order type set, you associate AR transaction type. In your example, the AR transaction type of those order types should be same in order to generate a single AR invoice

[@onlinealways9853]

Oracle E-Business Suite Functional R12 thank you sir.

[@Ykaneets]

Hello can we create approvals on Credit Memo, please advise

[@OracleEbizandFusionVideos]

Its not possible within AR... But you can create disputes in Oracle I Receivables module or Oracle collections module where you can setup approvals and once approved, these are created as Credit Memos in Oracle AR

[@Ykaneets]

@@OracleEbizandFusionVideos thanks for your reply! but that credit memo comes as an option in dropdown when we go setup adjustment approval limit, any idea why credit memo as an option why given in dropdown.

[@raghuraghu-hi7qm]

Bro, how to auto apply/automatically the credit memo

[@OracleEbizandFusionVideos]

If the Credit Memos are generated from Order Management for RMA's, they will in general get auto applied to corresponding Invoices. If you are bringing the Credit Memos from external system, then using Credit Memo API, you can create the Credit Memo and automatically apply it to a invoice

[@navyahegde8953]

Hello sir,my API fails with saying calling to arw_cmreq_cover.ar_request_cm

[@OracleEbizandFusionVideos]

Whether the log shows any specific error message? Are you trying to call this API to create Credit Memos directly in Oracle AR?