Down payment deduction

[Former Member]

Hi,

I have created sales order(Order Value-1000) with milestone billing..

BillingPlan Tab in Sales Order(Item Level):

Billing Date/Date Description/Percentage/Bill value/BillRule/BillingType

04.02.09/009-DownPayment/10%/100/4/FAZ

06.03.09/004-Enginering/40%/400/1/F2

06.04.09/007-Operational/60%/600/1/F2

06.04.09/008-Closing Invoice///3/F2

I had run the cycle as VA01->VL01N->VF01

Here my doubt is can we deduct the downpayment value(100 INR) from last billing value(600 INR).

or any other procedure is there..

with regards

Azeez.Mohd

[Former Member]

Hi Azeez

When you create a Billing docuemnt FAZ (Down payment request), it is posted to a different reconciliation account and from this you can distinguish down payment request from other receiviables.

Initially,it has a special G/L indicator "F" which indicates the posting is statistical and once the incoming payment is received it has special G/L indicator "A".

While processing the Final invoice , the down payment made are transferred as down payments to be cleared.

Within Financial Accounting, the down payments are deducted from the reconcialiation account and entered in the standard reconciliation account.

The down payments for clearing then appears as open items for the customer and reduces the receiviable total.

[Former Member]

Hi Pradyumna,

Please guide me in this issue..

I created the downpayment for 100 INR.

Billing for 400 INR.

Billing for 600 INR.

As per u r explanation

**While processing the Final invoice , the down payment made are transferred as down payments to be cleared.**

where i have to check this,where i can see this...

with regards

[Former Member]

Hi Azeez

If payment has been made for Downpayment then in final invoice one more line item will as downpayment. Suppose for line item 10 you had paid in downpayment then in final invoice line item "11" will add as downpayment for that item.

rgds

[Former Member]

Hi,

When i am creating final invoice, i am unable to see **item "11" will add as downpayment for that item.

please guide me..

with regards

[Former Member]

Hi Azeez

Mr.Bhim has already explained it in his last post ,what you were looking for.

You can see it in accounting document.

So,it is adjusted in the Final Invoice.

Edited by: pradyumna on Feb 5, 2009 7:14 AM

[Former Member]

Hi

Billing Date/Date Description/Percentage/Bill value/BillRule/BillingType

04.02.09/009-DownPayment/10%/100/4/FAZ

06.03.09/004-Enginering/40%/400/1/F2

06.04.09/007-Operational/--/500/3/F2

06.04.09/008-Closing Invoice///3/F2

Please change the billing rule as 3 from 1 in the billing plan, then you can manually change the value to 500.