Final Billing with downpayment clearing

[Former Member]

Hi Friends,

Total Bill Value:- Rs. 3000/-

Down payment :-Rs 300/-(FAZ) -10% of Total bill value

1st Billing:- Rs 1200/-(F2)-40% of Total bill value

Final Billing:- Rs 1800/-(F2)-60% of Total bill value

When i create final billing , what will happen to Down payment amount Rs.300/- which i am paying more

30012001800= 3300

so how to clear amount 300?is this amount replicate in Final billing?

Regards,

Amol

[Former Member · Accepted solution]

Hi Amol

As said above, this question has been answered very recently, you can search in forums.

If you don't want to display that downpayment line item in final invoice then you can manually delete that downpayment line item from final invoice.

try and revert.

[Former Member · Accepted solution]

Hi,

i am not able to see Down payment line item in final billing Document.

Regards,

Amol

[Former Member · Accepted solution]

Then from where you are getting 30012001800= 3300 these 300?

[Former Member · Accepted solution]

Hi,

sorry you misunderstood..

Total billing value=3000

Downpayment value=300(10% of 3000)-FAZ

1st billing value=1200(40% of 3000)-F2

Final billing value=1800(60% of 3000)-F2

Total= 30012001800=3300

But customer should pay only 3000/-

so how to Reverse/Deduct Rs. 300 which he paid as downpayment

Regards,

Amol

[Former Member · Accepted solution]

Hi

Two options are there for this condition:

1) Issue a credit note for 300 to customer.

2) in Final invoice reduce the % to 50% in Billing Plan.

Total billing value=3000

Downpayment value=300(10% of 3000)-FAZ

1st billing value=1200(40% of 3000)-F2

Final billing value=1500(50% of 3000)-F2

Total= 30012001500=3000

bye

[Former Member · Accepted solution]

Hi,

Create a down payment request with billing plan FAZ for 300.

Now post customer downpayment against downpayment request in F-29 t.code.

Do Final billing, here you will get downpayment settlement as sub item in billing document.

Billing document value is 3000 and save it . Goto VF02 see the billing output.

Here you can see the billing amount 3000 and amount to be paid 2700. Downpayment made 300.

Now post the incoming payment for that customer, enter amount 2700 and clear the customer.

Regards,

Chandra

[Former Member]

Hi

This question is laready answered.

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.

You can also search the forum.