Head Office and Branch

[Former Member]

Hi friends,

We have the concept of Head Office and Branch. I have done the following configuration.

Head Office is a normal customer.

In the Branch Account I have updated the Head Office account in Company Code --> Head Office, and changed the payer to the Head Office account.

Have I missed anything? Please advise.

Regards,

Udaynath.

[Former Member]

Hi,

Plz check the following. ur concept can map into Invoice lists also.

you wish, you can process invoices, debit memos, and credit memos at the same time. The system automatically creates a separate invoice list for credit memos.

A payer may be the head office of a buying group, which pays all the invoices for goods that are shipped to individual members. The group payer takes responsibility for paying the invoice lists and then collecting payment from the individual members. In return for these services, the group payer usually earns a factoring or del credere discount.

Depending on the tax structure of the payer's country, the payer may be liable to pay taxes on factoring discounts that he earns. In Germany, for example, factoring discounts are taxed at the standard rate of 15%. During invoice list processing, you can reimburse the payer in advance for this tax liability by creating special condition records.

Regards,

Murthy

[Former Member]

thanks venkat,

jsut eager to see whether my setting for head office / branch is ok.

regards,

Uday