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Former Member

Rebate - partial and final settlement on the same day

There was a partial settlement and final settlement created on the same day. so the open settlement requests had not posted to accounting. How can this be corrected?

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6 Answers

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    Former Member
    Feb 06, 2007 at 12:24 PM

    Hi Jason,

    In Rebate the moment you do either Partial/Final settlement System will generate a Rebate Relevant Credit memo Request. You need to remove the Billing block (In VA02) and create a Credit memo (Using VF01). Once you save this credit memo System will automatically generate the Accounting documents.

    Pl check whether this process is followed/ Any errors in VF02 (Chcek account assignment settings in VKOA).

    REWARD IF IT HELPS

    Regards

    Srini

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    Former Member
    Feb 06, 2007 at 12:32 PM

    Thanks for your help but i dont think i explained myself properly here is an example: total accrual is 6000, partial settlement was made on 5800. When doing the final settlement, and because the partial settlement had not posted to accounting the total accrual amount was still reflected (6000) but only 200 was paid, which leaves an open accrual amount of 5800. How can this be corrected?

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    • Former Member

      Hi Jason,

      I think you have to cancel the second credit memo and release the first credit memo to accounts, check the rebate agreement and then create the second credit memo.

      I think this is the only way. This should solve the problem.

      REWARD IF IT HELPS.

      Regards

      Srini

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    Former Member
    Feb 06, 2007 at 01:06 PM

    Hi Srini

    Please refer to the second thread i have posted, as i cannot award points on this one.

    Both credit memo's have subsequently been posted to accounting. Can i still cancel one of them?

    Thanks

    Jason

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    • Former Member

      Hi Jason,

      If both the Credit memo's are released to accounts also, we can still cancel the credit memo using VF11 and using suitable cancellation Billing document type.

      Regards

      Srini

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    Former Member
    Feb 06, 2007 at 01:13 PM

    Hi Srini

    Will i be able to re-create the credit memo once i have cancelled the first one if final settlement for the rebate agreement has been carried out?

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    • Former Member

      Hi Jason,

      What happens is once the credit meo is cancelled system will reverse all the entries (Previous Postings) and then you can restart the process a fresh.

      Fisrt cancel the Final settlement invoice and then go aheah with the process.

      This will solve the problem.

      Regards

      Srini

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    Former Member
    Feb 06, 2007 at 01:26 PM

    Thank you for your help on this matter Srini. I would like to award you points for helping me, if you post a remark next to my other question (with the same heading) i will award the points.

    Once again - thanks!

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    Former Member
    Feb 06, 2007 at 01:34 PM

    When i created this thread, i did not create it as a question, and therefore cannot reward points for your help. After i realised this, I re-created the same thread, but as a question, and therefore can reward points. Look in the ERP-SD forum, for the exact same thread. Simply reply to that thread (you can enter anything as you have already given me the answer) and i can then reward you the points on that reply.

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