Create Credit Memos for Joint Venture Receivables Invoices

Run the Oracle Financials Import AutoInvoice process to create credit memos for the reversed distributions that were sent to the Receivables Interface table.

In Receivables, each credit memo includes the Credit Reason field that enables you to identify whether it’s created from a distribution reversal or from an ownership definition change.

Note: If you have both credit and debit amounts in your cost-related distributions, you might need to perform the following additional setup in Oracle Receivables before you run the Import AutoInvoice process:

• Deselect the “Natural application only” check box for the credit memo transaction type.

• Select the “Allow overapplication” check box for the invoice transaction type.

See the topics that follow for examples of when you might need to set up these options.

If the process doesn't create credit memos for some distributions due to issues encountered during processing, you can check Receivables for specifics about the errors. You must resolve the errors and rerun the process for the distributions.

For more information on the AutoInvoice process, see AutoInvoice.