spl gl transactions - customer down payment

8/8/2019 Spl GL Transactions - Customer Down Payment

1/19

ConfigurationStep 1: Define accounts for customer down payments

Double click A Dwn pmt Down payment


2/19

Click EnterEnter the reconciliation account # (400000) and the Special GL account # (900001 Down paymentreceived) here.

Hit Save.Next, double click F Pmt req Down payment request


3/19

Enter the reconciliation account # (400000) and the Special GL account # (900002 Down paymentrequest) here.END OF CONFIGURATIONDOCUMENT ENTRY:


4/19

Enter the date, type, Co Cd, Currency, reference, Customer Account # and hit Enter.


5/19

Enter the amount, date and the assignment. Hit Save.

A message similar to the one shown below appears.

To make sure, display the document #415.


6/19

Post incoming down payment from customer.


7/19

Enter the date, customer account #, bank a/c # and the amount (200, per the request). Click Requestsat the top of the screen.

Click Requests at the top of the screen.Select the line item and click Create down payments at the top of the screen.


8/19

Click Save to see the message below.


9/19

Post a Customer Invoice for $500 using T-code FB70.Enter the Customer #, invoice date, amount in the document header. Enter the GL account # (revenueaccount), amount and the assignment.Hit Enter.The following screen appears

Hit Enter again.

In the payment tab, enter the discount base as 500 and hit enter.


10/19

In the details tab, enter the assignment # and hit enter.

Post the customer invoice.


11/19

Clear the customer invoice against the down payment received.

Enter the date, type, company code, currency, customer account #, and invoice reference #.


12/19

Click Process down pmnts at the top of the screen.

Choose the first row and hit Enter. The amount in the Transfer Posting column will be updated to200,00.


13/19

Now, hit Save.

To make sure the customer account was cleared against the down payment, display the document 201using T-code FB03.


14/19

Next, display the open items for the customer using T-code FBL5N.


15/19

Hit F8 or Execute.

You see the updated balance as $300, instead of the invoice amount of $500, as the down paymentreceived ($200) was applied against the invoice balance.


16/19

Next, we post an incoming payment against the customer account using T-code F-28.

Enter the date, co cd, bank a/c #, amount and the customer a/c #. Click Process open items at the topof the screen.


17/19

Click Save.

Double click the blue colored line to correct the marked line items.


18/19

Enter the assignment number as 100 and hit Enter.

Click Save (or Post).

Display the document number 417 to see the clearing document using T-code FB03.


19/19

Note that the payment terms are considered in the whole process, as a cash discount of $10 (2%) wasgranted to the customer.

spl gl transactions - customer down payment

Documents