How to maintain advance payment

[Former Member]

Hi,

Client A raised sales order for Customer A of Rs1,10,000.. Out of which Customer A had given as Rs50000 before as advance at starting.... so where to maintaiin in the sales order the advance payment and raise invoice for balance payment....

[ajitsingh6 · Accepted solution]

Dear,

For this you need to go for Credit Management config in which it will check customer balances while creating S.O. and also

it will deduct the amount from customer advance as soon as you billed the customer and this will refelect in Customer balance

report with TCODE: FBL5N.

For any further clarification revert back.

Regards

AJIT K SINGH

SAP-SD Consultant

[Former Member · Accepted solution]

Thanks a Lot !!

[Former Member]

Hi,

There is no provision to maintain any advance in sale order.

You have created a sale order for Rs.110000, that means you have to bill for the same amount.

Posting advance amount to the customer account is Finance transaction (FI).

Once you post the advance 50000rs to customer account throuhg FI transaction, same credit balance will be appearing in FBL5N statement of the customer account.

Once you raise the billing document & post it to accounting, later you can adjust this advance against billing document.

thank you

[Former Member]

Thanks..