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Former Member

Noted Items

What is the use of Noted Items?

Smita

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    Former Member
    Oct 01, 2007 at 12:22 PM

    hi Smita,

    Noted items are only one sided entries.They don't lead to the two sided postings in the FI.But an statistical items causes two sided postings in FI.Statistical postings are generally used for guarantees given.

    Noted items are used in cases such as when down payment request is made to the customers. It is also considered during the dunning process and notices are send acco

    A Noted item is a item which is only for a notice, suppose u want to collect advance from your customer before selling the goods and u wish to conve this to him, then u will post a Noted Item. that is information to customer to pay amount in advance. The same applies with Vendor also.

    As i said it just a notice. that means there won't be any effect in accounting, that means No debit or No creadit to any accounts.

    assign Points if useful

    Ranjit

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    Former Member
    Oct 01, 2007 at 12:23 PM

    Noted items are specila G/l transcations for information purposes only. They are not displayed in the general ledger, but only serve to remindthe user of paymenst that are due to be made or received.

    Example. Bills of exchange,Down payment request....

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    Former Member
    Oct 01, 2007 at 12:24 PM

    Hi

    When u are running automatic payment run, if u create down payment request as a noted item system will pick up automatically and effect the payment run. Furnter purchase department can create the payment request and by work flow this can be approved and send it to the finance department for effecting the payment without any paper work. Without request automatic payment run will not be in a position to effect payment.

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    Former Member
    Oct 01, 2007 at 12:27 PM

    Hi

    Noted items are treated as Special GL Items in SAP. they do not have any accounting effect in SAP as they do not post to any account. An example of such an item is the down payment request. They are not displayed in the account books but act as reminders for payments of advances. They can be used by the dunning and payment programs. In some countries, they are also used to process the bills of exchange.

    Assign points if the information is useful

    Regards

    Sanil Bhandari

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