Down payment

[Former Member]

Can anybody Send me the step to be followed for a downpayment sales process configuration with an example.

If possible with screen shots.

Rgds

Mukesh

[Former Member]

Hi

Follow the following steps to configure Down payment :

1.CREATION OF GENERAL LEDGER

( Advance from customer account )

Go to FS00

Create advance From Parties A/c ;

Advance From parties will come under the head Liabilities

GL A/C :

Co Code :

CREATE

TYPE DESCRIPTION

A/c Group : Liabilities

Short Text : Advance from Customers

Long Text : Advance from Customers Account

Control Data

A/c In INR

Reconciliation a/c for accounts type : D Customer

Line item management

Sort key : 031 ( System defined for Customer)

CREATE /BANK INTEREST :

Field Status ; G067 ( System defined for Recon A/c )

Relevant to Cash Flow

Save.

LINK BETWEEN S.DEBTORS & ADVANCE FROM PARTIES ACCOUNT : OBXR

SPRO / FIN A/C / AP AR / BZ TRANSCATION/ DOWN PAYMENTS RECEIVED / DEFINE RECONCILIATION ACCOUNT FOR CUSTOMER DOWN PAYMENTS.

SELECT DOWN PAYMENT

CHARTS OF ACCOUNTS : PGC

Reconciliation A/c Spl G/L A/C

G/L No G/L No

( S.Debtors ) ( Adv from customer No )

SAVE.

ADVANCE PAYMENT RECEIPT : F-29

FIN ACTING / AR & AP / DOC ENTRY / DOWN PAYMENT / AGAIN CLICK ON DOWN PAYMENT.

Doc Date : f4 & f2

Customer A/c :

Spl G/L Indication “A” ( System defined )

BANK A/C No :

Amount :

Value Date : F4 & F2

Text : Down Payment Received / Enter

Item 2 / Down Payment made / 29A

Amount : *

Text : +

Simulate

SAVE

4.SALES INVOICE POSTING F-22

Doc Date : F4 & F2

Posting Key : 01

Accounts :

Amount :

Text : Sales Invoice Posting

Posting Key : 50 : G/L : ( Sales )

Enter

Amount : *

Value Date : F4 & F2

Text : +

Go To Document , Simulate & Post.

Transfer of Advance from Special G/L To Normal G/L, By clearing Special G/L a/c. F- 39

ACTING / FIN ACTING / AR / DOC ENTRY / DOWN PAYMENT/ CLEARING

CLEARING :

Doc Date : F4 & F2

A/c :

Invoice Reference : ( System Defined )

Text : Transfer of Amount

Select process down payment.

Go to Document

Simulate

Post

Doc N0____ was posted.

6. CLEARING OF NORMAL POSTING : F-32

Accting / Fin Accting / AR/ Accounts Clear.

ACCTS :

Spl G/L Indicator : A

Select process open item.

Save & Post

Doc was posted.

Reward me point

[Former Member]

hi

mukesh

TC:F-22 is used for customer invoice.

TC:F-28 is used for incoming payment

TC:F-29 is used for down payment entry

TC:F-39 is used for transfer of adv fr sp gl to recons gl

TC:F-32 is used for clearing recons account.

for ex: sales invoice 25000.advance is 10000 . incoming payment is 15000 . first we can post advance entry with 10000rs using F-29 transation code . after that we can post sales invoice entry with 25000 rs using F-22 transation code . after that using TC:F-39 transfer adv fr sp gl to recos gl 10000 rs .next we can post incoming payment using TC:F-28 with 15000 . so after that u can check TC:FBL5N that customer item all are cleared .

plz assign points

best regards

sivareddy.