Down payment process

[Former Member]

Hi mates,

Can anyone explain the down payment process with tcodes.

Thanks in advance.

[Former Member]

Hi

The steps are F-47 for creating a dowm payment request

F-48 for Posting vendor down payment

The accounting entries will be

Bank account Cr

Vendor account Dr

This is the same entry which will be passed during Clearing the vendor Invoice .

Regards

Sandeep

[Former Member]

thanks to everyone.

[Former Member]

Hi

Create down payment reuest in F-47 and process that in F-48

Regards

Antony

[Former Member]

Hi Antony,

Can you explain me the steps to be followed in compact (like what is the flow in the down payment scenario) ?

[Former Member]

In F-47 , You will create Down payment Request

In F-48 FI deptt will pay the amount with reference to request no.

While Doing MIRO, system will set an pop up information message stating advance being paid.

[Former Member]

Hi mate,

So during the down payment will the invoice be entered before the GR or after GR.

[former_member182609]

Not required to enter invoice before GR,you can do after GR