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Former Member
Feb 08, 2011 at 07:00 AM

A/P Down Payment

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Hi Experts,

To post Advances given to Vendors we are using A/P down Payment invoices and Outgoing Payments linked to A/P Down Payment. This in turn will be linked to A/P Invoice.

But our accountants are finding difficulty when they look at the vendoru2019s ledger,

Because the vendor ledger balance will be zero (OR) nullified.

JE effect

Vendor -


Cr.

Down Payment A/C----


Dr

O/G Pmt

Vendor----


Dr.

Bank----


Cr.

Here vendor balance is nullified. Due to which accountant should look into two ledgers to get the Vendors actual balance.

To achieve the above suggested the users to post A/P Down Payment Request. Using this feature users are getting the correct balance from vendors ledger, and not required to look into down payment G/L Account.

But my issue is in case of TDS entries, TDS amount is calculated based on the A/P Invoice balance due amount (which is the Purchase order doc total u2013 down payment amount).

TDS effect should take place when I pay my advance to vendors. But which is not happening in case of A/P Down Payment

Request.

Please suggest

Cheers,

Dasari.

Edited by: dasari sree on Feb 8, 2011 8:25 AM

I am using 8.8 PL 10 version