ADVANCE RECEIPT FROM CUSTOMER (SPECIAL GL TRANSACTION)

[Former Member]

hi guru's

i wud like to know in and out process for Adavance Receipt from Customer

under what curcumstances will receive advance amount what kind of entries will be passed and where it can be shown when we make sales order,how the delivery will happend, how its effect in FI

points will be assigned for value input

Thanks and regards

Geetha

[durgasankar_innamuri]

Hi,

When you receive advance receipt from from your customer there is no entry it is consider as a noted item.

when you receive amount as in the form of advance then the entry will be

40 Incoming bank A/c Dr

19 Customer A/c Through the tcode F-29

For request F-37. For clearing of advance related transactions F-39

Hope this is clear, if yes assign points

Regards,

Sankar

[Former Member]

hi mr sankar

how can you credit to the customer when u get advance , you plz think before answering quesion and dont mislead the users

regards

geetha

[Former Member]

HAI

f-29 is used for receiving advance from customer

entries are:

dr:cash

cr:customer

f-31 or f-18 is used for returning advance to customer

entries are:

dr: customer

cr:cash

there are no entries at the time of sales order

if it is useful give me points

[Former Member]

hi

thax for reply but its not very clear i want business senario in and out process for from advance to billing,......

thanks and regards

geetha