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Former Member
Aug 15, 2008 at 04:07 AM

Down Payment Posting

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Hi,

In a project, all vendor down payments need to be captured under AUC (GL account 1750301000 - Asset Under Construction - Operating). But it was noted that Special GL Indicator T, it is tagging to down payment GL account, i.e. 1600301000.

The entry will be as follow:

Dr. Down Payment (GL account 1600301000) with Internal Order number

Cr. Bank

During month end closing, Fixed Asset team will then perform settlement in this GL account (1600301000) by PL12u2019s Internal Order Number and generate the below entry:

Dr. AUC (GL account 1750301000)

Cr. Vendor Down Payment (GL account 1600301000)

The above mentioned method is not helpful since the posting to GL account 1600301000 do not reflect in Cost Element posting.

Please advice how could the entry should be so that the posting could reflect in Cost Element.

Thank you,

Regards