DOWN PAYMENT (ADVANCE PAYMENT)

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Create Account for down payment customers & vendors.

Use T-Code FS00.

1. Copy Sundry debtors a/c & rename it as Down payment recd from customer.
2. Copy Sundry Creditors a/c & rename it as Down payment made to vendor.

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Step 1.DEFINE RECONCILIATION ACCOUNTS FOR CUSTOMER DOWN PAYMENTS

[T-CODE : OBXR]

Path : - SPRO => SAP Reference IMG => Financial Accounting (New) =>Accounts
Receivable and Accounts Payable => Business Transactions => Down Payment Received =>
Define Reconciliation Accounts for Customer Down Payments

Click on IMG Activity

Double Click on A SGL Indicator or Down Payment

Enter Chart of Accounts

Enter

2 – Sundry Debtors 5 – Down Payment Recd from Customers

Enter & Save.

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Step 2. Define Alternative Reconciliation Account for Down Payments

[T-CODE : OBYR]

Path : - SPRO => SAP Reference IMG => Financial Accounting (New) =>Accounts
Receivable and Accounts Payable => Business Transactions => Down Payment Made =>
Define Alternative Reconciliation Accounts for Down Payments

Click on IMG Activity

Double Click on A SGL Indicator or Down Payment

Double Click on A SGL Indicator or Down Payment

Enter Chart of Accounts

Enter

101 - Sundry Creditors 102 - Down Payment Made to Vendor

Enter & Save.

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Customer Down Payment Entry : -

1 F-29 - Down Payment 20000

2 FB70 - Invoice 40000
3 F-39 - Clearing 20000
4 F-28 - Incoming Payments 20000

Step 3. F-29 - Down Payment

Path : - SAP MENU => Accounting => Financial Accounting =>Accounts Receivable =>
Document Entry => Down Payment => F-29 - Down Payment

Enter

Enter

Amount Copy by * & Text Copy by +

Enter

Save.

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Step No. 4 FB70 – Invoice (Sales)

Path : - SAP MENU => Accounting => Financial Accounting =>Accounts Receivable =>
Document Entry => FB70 - Invoice

Enter

Click on Change Company code

Enter Our Company code - SCS

Enter

Enter & Save.

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Step. 5 F-39 - Clearing

Path : - SAP MENU => Accounting => Financial Accounting =>Accounts Receivable =>
Document Entry => Down Payment => F-39 - Clearing

Enter

Enter
Double Click on Transfer Posting Field

Enter

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Step. 6 F-28 – Incoming Payments

Path : - SAP MENU => Accounting => Financial Accounting =>Accounts Receivable =>
Document Entry => Down F-28 - Incoming Payments

Enter
Enter
Enter & Save.

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Vendor Down Payment Entry : -

1 F-48 - Down Payment 30000

2 FB60 - Invoice 60000
3 F-54 - Clearing 30000
4 F-53 - Post 30000

Step 7. F-48 – Down Payment

Path : - SAP MENU => Accounting => Financial Accounting =>Accounts Payable =>
Document Entry => Down Payment => F-48 - Down Payment

Enter

Enter

Amount Copy by * & Text copy by +

Enter

Enter & Save.

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Step No. 8 FB60 – Invoice

Path : - SAP MENU => Accounting => Financial Accounting =>Accounts Payable =>
Document Entry => FB60 - Invoice

Enter

Change Company Code

Enter Company Code – SCS

Enter
Enter & Save.

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Step. 9 F-54 - Clearing

Path : - SAP MENU => Accounting => Financial Accounting =>Accounts Payable =>
Document Entry => Down Payment => F-54 – Clearing

Enter

Enter & Save.

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Step 10. F-53 - Post

Path : - SAP MENU => Accounting => Financial Accounting =>Accounts Payable =>
Document Entry => Outgoing Payment => F-53 – Post

Enter

Enter & Save.

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