update cheque payment into credit management

[Former Member]

Hello Everyone,

My client have a requirement which is:In credit managament ,if their customers issues bank cheques it should be considered as "payment" and should update the same into credit management .i.e. deduct the amount from receivables. How to do this?

Thanks,

K.Bharat

[Former Member]

Hi Bharath,

For this issue you have to use SAP PDC concept, where Customer open invoice will get clear, parallely Credit will also increase. But Customer balance will be showing same as earlier with Special GL account.

Let me know if you have any issue on this.

Regards,

Raj

[Former Member]

Thank you Raj, it was a prompt response but i dont want the credit to be increased here, so is there any other options?

thanks

K.Bharath

[Former Member]

Hi Bharat,

In that case you put full amount in one liability account through f-02 by Crediting Customer Account and Debiting Bank Account.

Later it will transferred from Customer account to respective invoices by clearing.

Let me know if you have any issue on this.

Regards,

Raj