Down payment

[Former Member]

What is the difference between down payment and down payment request?

I will assign points

[Former Member]

hi Guys

thanks for your replys

but i need to know the difference between down payment and down payment request.

this is interview quesion

[Former Member]

KP,

As Genie mentioned - Down payment requests and down payments are special general ledger transactions. These transactions are not posted to the G/L account defined in the customer master record but to an alternative G/L account.

The process flow for this kind of transaction is :

Down Payment Request

Down Payment

Invoice

Down Payment Clearing

Payment and Clearing

Down Payment Request (F-37) - This entry is not part of the double entry book keeping.

Hope that helps...

Thanks,

Nandita

[Former Member]

when the vendor asks for DP from u then u create a DP request with a due date.... at this point u have not given the DP..just recorded it in the system as due item.. but when u actually pay DP then its known as DP.... and accounting entries get passed....

[Former Member]

Hi,

Down Payment Request acts like a reminder to make a down payment. When a down payment request is created it does not affect any accounts. It acts like a reference to make down payments. Based on Down Payment Request down payments can be made.

Please get back for any clarification.

Regards,

Giridhar

[Former Member]

Hi KP,

Down payment requests and down payments are special general ledger transactions. These transactions are not posted to the G/L account defined in the customer master record but to an alternative G/L account.

Down payment requests are statistical noted items that do not affect the balance sheet. They can be taken into consideration in the dunning program and in the payment program.

You can post down payments either manually or automatically (payment program SAPF110, direct debit payment method). The manual posting process is described in the following.

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Regards

Genie

[Former Member]

hi kp

Down payment is advance u pay to the suppliers/vendors transaction code F-48

in Down payment request the system recoreds that a advacne is to be paid for a vendor.in T code F-47 u specify the Vendor account and the SPl GL indicator for which u need to pay.and the due date on which u need to pay, by this the system automaticllay takes this request and includes in the automatic payment programe and payment is generated.

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thanks

gkk