on 07-29-2009 10:58 PM
What is the difference between Posting and Payment ? When and how the accounts are debited / credited during posting and payment ? Is the posting take place while creating a billing document (Invoice) ?
Hi Sumoysen,
Posting and payment simple example posting means when u save your billing document means amount is posted in accounts from FI side but u still not received the payment it show receivables from customer in billing flow u can see billing is not cleared that is posting
Payment when customer pay u and u will create FI document that is cold payments if u see in billing document flow now it will show document is cleared.
Ahmed
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>
> Payment when customer pay u and u will create FI document that is cold payments
>
Are there any "warm" payments? And is it very difficult to type in 2 extra letters in 'you'? Seriously.
The first response by Ankur Agrawal is correct. Posting is just a general transaction in the Accounting (FI). When a payment is entered into the system it also creates a posting. So it's not one vs. another, "payment" is a subset of "posting", technically.
My dear friend I am explaining him only from SD side not from MM side as agraval told about MM case in SD posting and payment means vary simple posting when u post some document but not received money live invoice posting.
Payments means customer pay u full amount that is cold payments from customer
Donu2019t confuse by considering MM process
Payment receivable like in FI side transaction FB01
Ahmed
Edited by: Ahmed Shaikh on Aug 3, 2009 12:57 PM
Hi SumoySen
Your question is not clear.
Posting:
If you mean posting as Accounting document posting into FI then yes it is posted during creation of Invoice and saving it.
Considering a simple invoice, during this the entries in the FI will be
Customer a/c Dr.
to Sales revenue a/c Cr
Payments:
While receiving payments from the customer for the above transaction the set off FI entries will be
Bank a/c Dr
to Customer a/c Cr.
Posting and Payments is nothing but making accounting entries in FICO for accounting purposes. This what briefly about posting and payment.
Hope this helps to understand.
Regards
Rajkumar K
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Payment means you pay for the goods Purchased from the Vendor.
Posting means to post the Particular Amount of the Payment like Price , Discount , Freight etc. to particular G/L Account so that we can have an idea about the Total Discount , freight n much more.
Best Regards,
Ankur
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