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Former Member

ADVANCE PAYMENT TO VENDOR

IS THERE ANY METHOD THAT WHILE CREATING PO I CAN MAKE A FULL ADVANCE PAYMENT OR PARTIAL PAYMENT OF INVOICE AMOUNT TO THE VENDOR BEFORE I RECEIVE THE GOODS

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5 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Jul 21, 2008 at 03:56 PM

    Edit your payment terms, create invoice and follow it up with the GR. The pricing in the GR would follow the invoice and not the PO any more.. remember!!

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  • author's profile photo Former Member
    Former Member
    Posted on Jul 21, 2008 at 03:58 PM

    u can make a down payment to vendor wrt PO

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  • Posted on Jul 21, 2008 at 04:06 PM

    Hi,

    Advance payments to vendor can be done WRT to PO with t.codes in F-47 and F-48 Follow the following steps & treat

    1.Check the Vendor reconciliation A/C,

    2.Go to FS00, and check Filed Status Group,

    3.Go to OBC4, check the Filed Status Group, what u have mentioned for the Vendor reconciliation account.

    4. Go To material management segment and put optional entry for the field of Purchase Order and save.

    5.Now come to F-48, enter the date, vendor, assign the sp.G/L transaction(A),bank sub account, amount,

    &

    then enter, it will take to next screen

    Here you enter amount & your purchase order number with reference to your are going to make the payment. Now simulate and save.

    6. After the GR & IR is done, Perform F-54 for Down Payment Clearing

    Regards,

    Biju K

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  • Posted on Jul 21, 2008 at 04:15 PM

    Hi,

    Follow the below mentioned steps;

    1. F-47 - Create Down Payment Request (Here in selection screen specify all the necessary details (Doc Type - KA) and press enter, on this screen specify amount to be paid in advance and also specify the PO Document and line item and SAVE)

    2. F-48 - Down Payment Entry w.r.t. Down Payment Request No

    3. F-54 - Down Payment Clearing

    At the time of MIRO, it will pop-up that advance payment is done to this vendor against this PO.

    Also take help of your FI Consultant if required.

    Note: - Go to FS00, and check Filed Status Group for Vendor Reconciliation Account, then go to OBC4, check the Filed Status Group, what you have maintained for the Vendor reconciliation account. Here go To Material management segment and put optional entry for the field of Purchase Order and save.

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  • author's profile photo Former Member
    Former Member
    Posted on Jul 25, 2008 at 02:40 PM

    THANKS A LOT PANKAJ AND BIJAY FOR YOUR DETAILED ANSWERS

    KEERTHI

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