on 03-25-2014 7:24 PM
Hi SAP,
We need pay inter company vendors using F110.
Sample transaction
In the proposal, we want to pay from company code 1001 to vendor V1006. When we do the regular payment with both paying and sending company codes as 1001 only the V1006 gets the payment and the C1001 doesn’t have a change in company code 1006. We want to clear the C1001 entry as well in the same payment run.
Please suggest if it is possible to do this scenario.
Advance Thanks,
Bhaskar Reddy.Singam
Hi Joseph,
These documents are intercompany settlements. Instead of doing ICR, our company is doing wire transfer for intercompany settlements. That is why the journal entry is looking this way. In ICR, you usually clear both the vendor and customer side.
Regards,
Bhaskar Reddy.S
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Joseph,
We are paying to intercompany vendor against intercompany customer. When V1006 gets paid, C1006 should get cleared as well.
Deepak,
The sample entry is in my original posting.
Thanks,
Bhaskar Reddy.S
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HI Bhaskar,
I am not sure if the business process you are following is correct. Business wise - I don't think it is. I think you have to clear a vendor account to GL account (accounts payable) and then clear the customer to another GL account (accounts receivable). On an accounting standpoint, what you are doing is not a good practice when you clear vendor again a customer directly. I am not 100% on this but I think you should check with the accountants of your business/client if this is what they really want to do.
Josef
Hi Bhaskar,
Please provide line items detail entry for doc no. 100076293 and 100034141. I think this issue must understand from accounting/finance point of view later same can map in SAP
e.g.
Expenses DR 100
Vendor CR 95
Tax liability CR 5
Customer Dr 80
Revenue CR 80
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Hi Bhaskar,
You can simply create company code as vendor. So when you create invoice and run F110, you will simply have to pay the company code that was created as a vendor.
I hope this helps. Thanks!
Josef
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Hi Bhaskar,
What do you mean by customer? When you create an invoice your have an entry again the vendor (the company code, in this case) and a GL account of the paying company code. When you run an F110, new document will be created with a different entry clearing out the vendor and GL account in the invoice.
Can you explain more your problem?
Josef
Hi Bhaskar,
In SAP Intercompany payment is possible ,if mentioned points match.
1. Both company codes must be in same country
2. And same local currency and parallel currencies
3. And same company codes must have same settings for withholding tax ( Active or not active)
4. Do the OBVU settings properly like sending company code and paying company code settings.
Regards
Mani Kumar
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