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In Oracle Fusion, there are two types of credit memos: on account credits and credit transactions. On account credits are not linked to a specific invoice but are instead tied to the customer as a whole. For instance, if a customer pays $100 for a $90 invoice, a $10 on account credit can be created and later applied to another transaction. These credits can be used across multiple transactions. To create an on account credit memo, you access the create transaction page and select the appropriate transaction class. On the other hand, credit transactions are specific to individual invoice billing transactions.