Oracle Payables – Types of Invoices:

Oracle Payables – Types of Invoices:

Following are few types of invoices in Oracle Account Payables Module

Invoice Type	Description
Standard	Standard invoice from a supplier representing an amount due for goods or services purchased. Standard invoices can be either matched to a purchase order or not matched.
Credit Memo	Credit memo from a supplier representing a credit amount toward goods or services.
Debit Memo	An invoice entered to record a credit for a supplier who does not send you a credit memo.
Mixed	Mixed type invoice - An invoice type entered for matching to both purchase orders and invoices. Can enter either a positive or a negative amount for a Mixed invoice type.
Prepayment	A type of invoice entered to pay an advance payment for expenses to a supplier or employee
Expense Report	An invoice representing an amount due to an employee for business-related expenses.
Transportation Invoices	Invoices From Freight Payment & Audit of Transportation
Interest	Interest invoice - If interest invoices are allowed, payables will automatically calculate interest for overdue invoices and create interest invoices for selected suppliers.
Withholding Tax	Withholding Tax Invoice - An invoice entered to remit taxes withheld to the appropriate tax authority.
Retainage Release	Invoices created for complex work and advance contract financing.