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.
|
