Incoming Payment

[Former Member]

Hi,

I need your expert opinion on the following issue.

My client receives payment from customer by check, few of the checks they receive are POSTDATED (check with a future date) and checks sometime bounces.

- So is there anyway in SAP where they enter the check in SAP system as a incoming payment but hold of the clearing of the check until the confirmation of the payment is received from the bank?

- Currently they don't use EBS or Lock boxes but they planning to use both in future.

Any help to resolve this issue will be appreciated.

Thanks,

Sameer

[Former Member · Accepted solution]

Aplly these checks as customer credit memo F-27 or FB75, and clear the memo against the invoice F-32 only when the check is encashed, or you can reverse the credit memo FB08 if the check gets bounced.

Thanks

Ron

[Former Member]

An alternate way is to use new GL account named as "Bank incoming clearing account". All incoming payments would go to this account and when we receive bank statments we would manually make journal entries to move the correct balance from clearing account to bank GL account.

[Former Member]

Look at customer down payment functionality.