Invoices in Oracle Fusion Payables

• An Invoice is a list of goods or Services rendered from the Supplier. 
• Oracle Fusion Payables allows us to capture all the attributes of the real-life invoice documents you receive from the suppliers.
• A Payables invoice consists of the following components: 

1. Header
2. Lines
3. Distributions and 
4. Installments. 

Login to Oracle Fusion ApplicationàSelect on Payables as shown in below screenshot

You will be able to see below screen

Click on Invoices. Invoice page will open with existing information such as Recent 24 Hours, Holds, Approvals and Prepaid details summary.

Select any invoice record to view the details.

• The Invoice Header has common information, such as Invoice Number and Invoice date, Invoice Type, Supplier Information, Payment Terms..etc.

• Invoice Lines has information about the goods and services.

• Distributions have invoice accounting details.

• Installments consist of payment due and discount information.

Invoice Types in Oracle Fusion Payables

• Standard:- An invoice from a supplier that represents an amount due for goods or services rendered.

• Prepayment:-An advance payment to a supplier.

• Credit Memo:- A document that extends a credit amount from a supplier for goods or services rendered.

• Debit Memo:- A credit from a supplier that does not send you a credit memo.

• Withholding Tax:- An invoice to a tax authority for withholding tax that is automatically generated. You can create withholding tax invoices manually if the option Allow manual withholding is enabled.

• Interest:- An invoice for interest on overdue invoices that is automatically generated.

• Standard invoice request:- An invoice submitted without a purchase order by a supplier through Oracle Fusion Supplier Portal that is pending review and approval by the appropriate persons within the deploying company.

• Credit memo invoice request:- A credit submitted without a purchase order by a supplier through Oracle Fusion Supplier Portal that is pending review and approval by the appropriate persons within the deploying company.

• Payment request:- A request from Oracle Fusion Expense or Oracle Fusion Receivables to disburse funds to a payee that is not defined as a supplier.