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