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author's profile photo Former Member
Former Member

Setting off the advance payment with the payment

Hi,

when i run the F110 for payment say for XX vendor suppose there is a advance given to him before i want to set off that from the Vendor balance at that time, is there ant possibility for that?

Gayani

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    author's profile photo Former Member
    Former Member
    Posted on Jun 16, 2008 at 10:36 AM

    Hello,

    Yes, you can set off advance payments against your invoices. You need to do is configuration will do for advances is nothing but sp.gl transactions.

    Ex: Adv given for 50,000 against inv for 1,00,000/-. while paying rest of the bal you have to pay 50000/- and system will also remind you there is a advance. You need to do is in F-44 you have to clear open item for advances

    try this if u have any querry pl revert

    thanks

    Para

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 16, 2008 at 12:10 PM

    Why don't u clear the credit against the the advance so that the open item shows net credit. The automatic payment program will pay only open items and hopefully your problem will be solved.

    Take care..

    Rgds,

    KJU

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    • Former Member Former Member

      the t code for vendor clearing is F-44. Yes you should do residual clearing before running APP so that only the difference of invoice amount and related advance remains open, which will be paid ..

      Take care..

      Rgds,

      KJU

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