Skip to Content
author's profile photo Former Member
Former Member

Accounting treatment for deductions by client in PS

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

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

2 Answers

  • Best Answer
    Posted on Dec 10, 2014 at 12:01 PM

    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

    Add a comment
    10|10000 characters needed characters exceeded

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

    Hi Mukthar,

    Thanks for your answer.

    Pritesh

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.