Professional Documents
Culture Documents
Vendor Downpayment Process EHP4
Vendor Downpayment Process EHP4
1.
2.
-
G/L account for Input Tax Clearing with some critical settings being:
Type/Description
Balance sheet account
Account Group: Liabilities & Equity
Control Data
Tax category *
Recon account for account type None
Open item management: Not checked
Line item display: Checked
Create/Bank/Interest
Field status group G011 Clearing accounts (with settlement per.)
Scenario brief
PO for amount AUD 1000, I/p tax on item 10% GST
Downpayment of AUD 100 (inclusive of I/p tax GST of 10%)
Process Steps
1.
Purchase Order created with Voluntary Downpayments set at Line item level
2.
3.
Tx Amount in AUD
P1
100.00-
4.
5.
Tx
Amount in AUD
100.00P1
100.00
P1
9.09
P1
9.09-
Now you will Notice that the Line item is updated with a Green Traffic light and PO History is updated
6.
In selection screen select Special G/L Transactions, Enter relevant Posting date and other selection
parameters as necessary
7.
8.
9.
While creating the IR with reference to the Purchase Order, the system would give a popup Downpayments exist
against the Purchase Order. Payment program settles down-payments automatically with payments to be made
If you want to allocate a down-payment to a specific invoice, you must make a transfer posting for down-payment
manually.
You can clear Down payment in MIRO itself (screenshot below). In case you do that, the next step <F-54> for
Clearing Down payments will not be required to be performed.
Once Downpayment details have been entered, you will not that the Downpayment Clearing tab at the top right
corner of the screen turns green
Click on Simulate to simulate the postings and Post the Invoice Doc
Cr 9.09
Dr 9.09+
Vendor A/c
GR/IR A/c
Input Tax Credit a/c
Cr 1100Dr 1000+
Dr 100+
Tx
P1
P1
P1
Amount in AUD
1,100.001,000.00
100.00
On executing the postings the Financial document will get generated and PO history will also
be updated with the same (can be checked in ME23N)
10.
Clear Vendor Downpayments < F-54> - If Not already done in step above