You can set up your system to automatically create periodic invoices, for example, rent invoices.
RTS Invoices
If you use Return to Supplier feature in Oracle Purchasing, the system creates these debit memos directly in your Payables system.
Retroactive Price Adjustment Invoices
If Oracle Purchasing users use the Retroactive Pricing of Purchase Orders feature, the system automatically creates Adjustment and PO Price Adjustment invoices.
- PO Price Adjustment Invoice: This invoice is for the difference in price between the original invoice and the new purchase order price. PO price adjustment invoices can be matched to both purchase orders and invoices.
- Adjustment Invoice: This invoice effectively reverses any outstanding regular Payables price corrections and PO Price Adjustment invoices. This is so the PO Price Adjustment document can be for only the price difference between the original invoice and the new PO price.
