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author's profile photo Former Member
Former Member

Clearing of Advance to vendor?

Hello,

I need to know that we give our vendors an advance payment for expenses to incur on our behalf. I record that advance via F-43 with the Special GL Indicator. After few weeks they send us the invoices(expensews details). I record those through fb60. How can i clear this as it is increasing the balance of Advance and payable also. Kindly advise a way to adjust the advance to vendor.

Regards,

Safi

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2 Answers

  • Posted on Dec 06, 2015 at 03:35 PM

    Use trx F-54 to clear vendor down payment.

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 06, 2015 at 03:41 PM

    How about if i use the same special indicator while entering invoice via fb60 ?

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    • Hi Safi,

      If the advance is more than the invoice amount, first clear that much amount by F-54. Here transfer posting, you have to mention the clearing amount in trasfer clearing. Once you clear the amount, then do vendor clearing for invoice & down payment amount in F-44. If the advance is less than the invoice amount, then first clearing whole adv.amount in F-54. After that do clearing for invoice & advance in F-44, here you have to do partial or residual clearing for invoice with advance.

      Regards,

      Mukthar

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