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Usage of transaction 0060/0020

Former Member

‎03-24-2012 6:51 PM

0 Kudos

Hi All,

As we know that SAP gives us standard transaction 0060/010 as 'Payment on account' to store the credit amount which can later be offsetted using account maintainence and adjusted against a receivable.

So, what is the usage of transaction 0060/0020 which is an Outgoing Payment on Account(Debit).In what cases is it used?

Appreciate your help.

Regards,

Richa Tyagi

1 REPLY 1

ivor_martin
Active Contributor

‎03-26-2012 3:26 PM

0 Kudos

Hi Richa,

When you post a negative payment on an account, (i.e. with a minus sign) either through a Payment Lot or Cash Desk, the Subtransaction 0020 will be triggered for Payment on Account (Debit).

Occasionally a Bank might send in an adjusting entry due to an error in processing a previous payment (for example, if a previously paid amount was incorrectly posted as too high).

I hope this helps answer your query.

Regards,

Ivor M.