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Former Member

Down payment deduction

Hi,

I have created sales order(Order Value-1000) with milestone billing..

BillingPlan Tab in Sales Order(Item Level):

Billing Date/Date Description/Percentage/Bill value/BillRule/BillingType

04.02.09/009-DownPayment/10%/100/4/FAZ

06.03.09/004-Enginering/40%/400/1/F2

06.04.09/007-Operational/60%/600/1/F2

06.04.09/008-Closing Invoice/ / /3/F2

I had run the cycle as VA01->VL01N->VF01

Here my doubt is can we deduct the downpayment value(100 INR) from last billing value(600 INR).

or any other procedure is there..

with regards

Azeez.Mohd

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2 Answers

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    Former Member
    Feb 04, 2009 at 11:01 AM

    Hi

    Billing Date/Date Description/Percentage/Bill value/BillRule/BillingType

    04.02.09/009-DownPayment/10%/100/4/FAZ

    06.03.09/004-Enginering/40%/400/1/F2

    06.04.09/007-Operational/--/500/3/F2

    06.04.09/008-Closing Invoice///3/F2

    Please change the billing rule as 3 from 1 in the billing plan, then you can manually change the value to 500.

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    Former Member
    Feb 04, 2009 at 11:12 AM

    Hi Azeez

    When you create a Billing docuemnt FAZ (Down payment request), it is posted to a different reconciliation account and from this you can distinguish down payment request from other receiviables.

    Initially,it has a special G/L indicator "F" which indicates the posting is statistical and once the incoming payment is received it has special G/L indicator "A".

    While processing the Final invoice , the down payment made are transferred as down payments to be cleared.

    Within Financial Accounting, the down payments are deducted from the reconcialiation account and entered in the standard reconciliation account.

    The down payments for clearing then appears as open items for the customer and reduces the receiviable total.

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    • Former Member Former Member

      Hi Azeez

      Mr.Bhim has already explained it in his last post ,what you were looking for.

      You can see it in accounting document.

      So,it is adjusted in the Final Invoice.

      Edited by: pradyumna on Feb 5, 2009 7:14 AM