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Accounting treatment for deductions by client in PS

Posted on Dec 10, 2014 at 11:56 AM 12 Views

Dear All,

My customer has deducted USD 10000 from my running bill of USD 1mn. How do I incorporate the same in the payment certificate generated in SAP vis a vis its accounting treatment.

Pritesh

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    author's profile photo Mukthar Ali Ahamed N
    Mukthar Ali Ahamed N
    Posted on Dec 10, 2014 at 12:01 PM
    1

    Hi Pritesh,

    You have to raise credit memo for the same. The accounting transactions will be based on the nature deductions. If it is freight deduction then the freight charges a/c will be debited or if it is discount then the discount a/c will be debited etc and customer a/c will be credited.

    Regards,

    Mukthar

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 10, 2014 at 02:36 PM
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    Hi Mukthar,

    Thanks for your answer.

    Pritesh

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