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In this video tutorial on Oracle Fusion receivables, the focus is on creating a debit memo transaction. A debit memo functions similarly to an invoice but is not linked to a specific invoice transaction. Its purpose is to increase a customer's outstanding balance. Unlike invoices, debit memos indicate that a previous invoice was short billed, billing the customer for the remaining amount. This can occur due to issues such as billing errors on quantity, price changes after the invoice, or charging interest on a prior billing transaction. The session aims to explain these concepts and the proper process for creating a debit memo.
