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Fusion invoice for IT

hi welcome for our RL Online trainings and placements in this session I'm going to show you what are different types of invoices we have generally when we are working with our vision applications in the cloud environment once we have the access to the account payables roles it means AP roles as well as the data access once we have then we will be able to access the invoice page and create the invoices while creating invoice we will see the different types of invoices like standed invoice credit memo debit memo uh withholding tax invoices interest invoices like that right so same way we will find some other invoices also invoice types it's one of the important question in the interest they'll be asking us so let me just take one user account which is uh uh having the access to account payables uh and onment here let me go for reset the password Here go to navigator and I can find the tables menu here go for invoices so users can just log to the applications and go to the functional area account payables invoices and go to task list here and try to create invoices here recurring invoices can be created when we are working with uh invoice type supplier we will find withholding tax invoices and we'll also find uh interest invoices in case if the invoice due date is over okay so here we can find different types standard invoice prepayment invoice credit memo debit memo retaining release and withholding tax invoice then interest invoice other than this there are some more invoice types that's what we are talking about about here the total number of invoices okay when we go for uh your invoice types standard invoice we know that it is uh basically used for standard uh purchase options and then we have your uh prepayment invoice when Advance is required for the supplier then we will go for prepayment invoice creation and after that we'll go for apply on the standard invoice then we'll find credit memo and Doc debit memo credit memo is a document from supplier debit memo is a document from supplier that doesn't send you a credit memo document okay so both invoice types will be negative amount which will be used to decrease the supplier liability withholding tax is automatically generated invoice when the tax Authority for withholding tax okay interest invoice also is automatically created when the invoice due date is over and if your supplier site is enabled as interest invoices then we can find that standard invoice request this an invoice without a purchase order that submitted through Oracle Fusion supplier portal and that's spending approval from the request okay so uh if the invoice is Created from the supplier portal let's say supplier has supplied the goods or service to our company and after that he has also he can also raise the invoice from our application itself there is a small module called supplier portal while creating supplier contact we can create a user account and go for add the supplier portal roles so that users can login and go for raise the invoices supplier users okay so that that that time if the approval is spending from the request that time you will see the invoice type as standard invoice request after that approval then it will become a standard invoice here and credit memo invoice request also is from supplier portal and pending pending approval from the supplier request so standard Ino requester request and credit memo invoice request both are similar to The Standard invoice and credit memo so once it is approved here then it will become yes there is another invoice type called payment request this payment request is basically an invoice uh you will see that uh from expense module we know that uh infusion financi we have another module called expenses module where employees can claim the expenses as for their expense template option whatever we have so when the employee claim the expenses that will become as an expense invoice here and also in Fusion receivables modu uh whenever you wanted to go for refund funds to uh to the customer that is not defined in a supplier an application then we call it as a payment request so that time it's we can simply call it as a customer refund we can call it as customer refund option we can find so that time the payment request that's the invoice type you will find so in account receivables module after creating the transaction customer transaction means customer invoice once it is uh complete status then we'll try to collect the amount from the customer let's say we have collected more amount now customer is asking refund that additional amount what whatever we have received or collected so when you want to go for refund that amount again you have to make that payment through account pbl now in this scenario customer will become as supplier customer will become as a supplier because you are paying the money so that time the invoice type will be payment request make sure that for your business units account payables is configured then your system will allow automatically configuration of this customer refund so these are the different types of invoices uh uh you will find in account payables module finally okay so let's subscribe to my channel to get the latest updates about the cloud and all it this thank you