Down payment request
Can anyone tell me the functionality of "DOWN PAYMENT REQUEST" and what is the purpose exactly.
Generally down paymenr request is used when you have received/paid cheque which is not deposited in bank. The downpayment entry does not have any effect in account . It is only a single line entry. This is used for analysis purpose. You can check the balances of the customer including this item. Take a example for customer
A customer has given our sales representative chq for 10000. Then we will generate the dp request. So at that time we can have two views for customer account
1. Actual customer balance which does not include dp.
2. Balance with dp by selecting spl gl option while generating acct statement in fbl5n.
The dp is posted when the cheque is actually deposited in the bank. At this time the actual entry for the payment is effected in the boks of account.