A down payment request is a reminder (a statistical noted item) which is supposed to remind you to make a down payment. No transaction figures are updated for down payment requests.
A down payment made to the vendor prior to the performance of the respective service is a receivable and may therefore not change the payable of the reconciliation account.The special G/L account (alternative reconciliation account) for down payments made is displayed on the financial statements in the payables area. Entry would be:
Bank Account Dr.
To Vendor (Sp. GL A/c)
The down payment is no longer a down payment once an invoice has been generated. The amount must be posted to the account as payment.
It is a spl GL transaction. It is a request reminder for downpayment. it will remind in APP. for this u need to do setting in OBYR for vendor and OBXR for Customer.
When u post this entry in F-37 or F-47, it will only generate a noted item which is not required to show in the BS. so it will be posted to the GL a/c which u have mentiond in above settings not to the recon a/c.
entry will be in one line i.e Cr/Dr to Party.
Down Payment:
Which is nothing but advance payment againest request. Once u post this entry it should appear in BS since it is a prepaid expense.
Entry will be:
Party a/c Dr/Cr
Bank A/c Cr/Dr.
Posting the Invoice:
While posting the invoice it will give a message that a down payment is exist againest this vendor. so if ur posting with TDS reduce the base amount as downpayment. so that it will calculate for the remaining amt.
Sice u have posted invoice againest downpayment u need to clear te downpayment. that u will do it in F-54.
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