G/L Account determination

[former_member611637]

hi

please tell me how to set G/L Accounts for down payment interim account and clearing account.

what is the pourpose of setting these accounts.

[zal_parchem2]

Hello Amal - might help everyone understand a little bit better where you are with GL Account Determination.

Are you using Advanced GL Account Determination in SAP B1???

Thanks,

Zal

[former_member611637]

yes i am using advanced GL account

[kothandaraman_nagarajan · Accepted solution]

Hi,

You can add down payment interim account and clearing accounts under Administration-->Setup->Financial->GL account determination->Gl account determination-->Sales-General tab.

The purpose is for these accounts to handle down payment from your customers.

Regards,

Nagarajan

[kothandaraman_nagarajan]

Yes, its mandatory for down payment process.

[former_member611637]

Hi Nagarajan,

Thank you for your answer,

i have a doubt that while posting down payment is it mandatory to set GL account for

those interim and clearing account

[former_member506893]

Dear Amal,

Go to Tcode OBXR/OBYR to link the Sundry debtors/creditors reconciliation account with Customer/Vendor advance reconciliation account. In this Tcode choose the special GL indicator to put the advance entry. With this special GL indicator we can able to identify other than the normal transactions(downpayments, bill of exchange, security deposit - configured according to the client requirement).

This special GL indicator is created at client level but it can be assigned to COA level. The main purpose of this special GL is we can able to identify the transactions

Path:

Go to Spro → Financial Accounting (New) → Account Payable & receivable → Business Transaction → Down Payment Received(if customer)/Made(if vendor) → Define Reconciliation Accounts for Customer Down Payments(if customer)/Define Alternative Reconciliation Account for Down Payments(if vendor)

Ex:

Special GL indicator A = Down payment for current asset

Special GL indicator B = Down payment for fixed asset

Special GL indicator C = Down payment for gurantees

Please revert back if there is any clarification needed. Thanks