Credit memos are credit invoices from a supplier representing a credit toward goods or services. Credit memos are also called credit notes.
Debit memos are invoices entered to record a credit for a supplier, where a credit memo is not received from the supplier. They can be netted with an invoice, when the invoice is paid. The steps for creating a debit memo are similar to creating a credit memo. We will look at how to enter a credit memo in this recipe.
Log in to Oracle E-Business Suite R12 with the username and password assigned to you by the system administrator. If you are working on the Vision demonstration database, you can use OPERATIONS/WELCOME as the USERNAME/PASSWORD.
Let's list the steps ...