1- Refund Solution: (34)

Create Refund activity

Query your Receipt and Customer

Refund the money to customer, which was parked in unapplied account
Apply to refund activity. If applied against the transaction, unapply first and apply against refund
activity.

Click refund attributes and provide the details

Save the record
Sooner we save the record successfully we can see Refund Status button

Click refund status. Refund status is not applicable for credit card refund.
We can see the AP invoice created by the system automatically for the trading partner.

Create receipt accounting in Receivables.


View Journal Entry

Debit Cash
Credit Payables Clearing (Reader can use any clearing account to set off against payables debit)
Go to Payables > System has created payable invoice in AP automatically for Trading Partner

Approve the invoice

Create invoice accounting in Oracle Payables.


View journal entry

Debit Payables clearing (What has been credited in AR)
Credit Liability
Make payment

Create Payment Accounting

View Accounting

Net Entry
Receivables
Debit Cash 1110
Credit Payables Clearing 2220
Payables
Invoice
Debit Payables Clearing 2220
Credit Liability 2210
Payment
Debit Liability 2210
Credit Cash 1110

2- Deferred Revenue Solution: (44)
Using a custom solution it can be done as follows:

1. At invoice creation we will use a distribution set to allocate the revenue as follows:
50 % for deferred revenue (CMA) & 50 % for revenue (Tadawul).
Dr. Receivables 100
Cr. Deferred Revenue 50
Cr. Revenue 50

2. A custom concurrent will be developed upon the completion of the invoice to create a journal in GL.
Dr. Deferred revenue 50
Cr. CMA Accruals (Clearing Account) 50

3. Receipt creation & application
Dr. Cash 100
Cr. Receivables 100

4. Upon saving the receipt a custom concurrent will be developed to create invoice for CMA (Supplier) in
Payables
Dr. CMA Accruals (Clearing Account) 50
Cr. Liability

5. Create payment in Payables
Dr. Liability 50
Cr. Cash 50

NB: Taking in consideration the different scenarios.

3- Bad Debts Solution: (48)
Adjustment is type of write off that will cater your Bad Debt scenario.

A new concurrent program should be developed to meet the requirement.

1- Collect all transactions that its due date is late for 90 days

2- Adjust the invoice with 30% of the total transaction amount.
Dr. Expense (Bad debts) 30%
Cr. Receivables 30%

3- Collect all transactions that its due date is late for 180 days

4- Adjust the invoice with 50% of the total transaction amount after removing the previous
receivable activity by entering a new positive receivable activity to the transaction.
Dr. Expenses (Bad Debts) 50%
Cr. Receivables 50 %

5- Collect all transactions that its due date is late for 360 days

6- Adjust the invoice with 100% of the total transaction amount after removing the previous
receivable activity by entering a new positive receivable activity to the transaction.
Dr. Expenses (Bad debts) 100%
Cr. Receivables 100 %