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Former Member
Jan 16, 2008 at 11:37 AM

Advance payment - Reg

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Hi all,

One of our clients requirement is as follows.

Their customer gives the advance payment 2 to 3 times for a particular sales order. That advance payments has to be considered in A/R invoice.

If we use A/R down payment invoice for the advance payments and it is considered in A/R Invoice, then the system deducts the advance payment (A/R downpayment) from Invoice amount and it is calculating the tax only for the balance amount.

For example,

for a particular consignment value of the sales order is

10 Nos. X 1000 = 10000

Tax Vat 4% = 400

Total amount is = 10400.

Let us assume customer gives Rs. 5000 as advance which is not included the tax amount. And when prepare A/R Invoice the tax is calculating only for balance amount Rs.5000/-. But need to calculate for Rs. 10000.00 and as mentioned below.

i.e.

Amt 10000.00

Tax 400.00

total 10400.00

adv 5000.00

bal 5400.00

How can we achieve the same in B1. Let me get a solution please.

We are using SAP 2005 B

Thanks & Regards,

Venkatesan G.