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Jun 14, 2017 at 08:35 AM

Invoice accounting debit to Bank G/L and credit to def. revenue G/L

529 Views Last edit Sep 14, 2017 at 02:21 PM 3 rev


Pl help me to map the below scenario in SAP:

The company sells product A to the customers. The customer (created as one-time) pays through NEFT. As soon as the payment is received invoice is created in SAP.
The invoice thus created should not debit to the customer. Rather the Bank G/L should be debited directly. Further, the revenue should get credited to the deferred account and will be recognised afterwards through VF44.

Accounting entries:
Bank G/L dr.
Deferred revenue cr.
Tax cr.

I have tried all solutions as mentioned in the forum (using accrual condition, R100 condition etc.) but none of them worked. Pl let me know how it can be mapped. Thanks.