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.
e can see the A! invoice created by the system automatically for the trading partner.
Create receipt accounting in Receivables.
"iew #ournal $ntry
%ebit & Cash
Credit & !ayables Clearing 'Reader can use any clearing account to set off against payables debit(
)o to !ayables * System has created payable invoice in A! automatically for +rading !artner
Approve the invoice
Create invoice accounting in ,racle !ayables.
"iew -ournal entry
%ebit & !ayables clearing 'hat has been credited in AR(
Credit & .iability
/ake payment
Create !ayment Accounting
"iew Accounting
Net Entry
Receivables
%ebit Cash & 0001
Credit !ayables Clearing & 2221
Payables
Invoice
%ebit !ayables Clearing & 2221
Credit .iability & 2201
Payment
%ebit .iability & 2201
Credit Cash & 0001
Net Effect will be zero at GL level.