Third party sales-Accounts updated

[Former Member]

HI Friends,

How financial accounts are posted in FI like which is credited and debited in Third party order processing.

Thanks in advance.

Vamsi P

[Former Member · Accepted solution]

Hello Friend,

When ever we have postings in finance we will have debit as well as credit in equal scale. And very sorry but Its not quite clear that about which debit and credit you are asking.

How ever I am giving some Fi function which takes place while doing thisrd party transaction.

The billing in <b>third-party order processing (TPOP)</b> uses the standard FI functions to:

• Invoice Creation and Generation (ERS)

• Update of Accounts Receivable

• Update of Billed Quantity

• Update of Accounts Payable

• Offsetting Accounts

[krishnaswamy_kumaraswamy]

in vendor

purchase tax is debit and not credit

[krishnaswamy_kumaraswamy]

in dealer billing

dealer account debit

sales account credit

tax account credit

if excise is there excise credit

in 105

consumption account debit

GR/IR credit

in vendor billing

vendor credit

GR/IR debit

Purchase tax credit

hope it solves reward if it helps