Prerequisites setups carried out 1. Activated Business Function Set “LOG_MMFI_P2P” 2. Created the following missing G/L accounts - G/L account for Down payment requests (vendors): with some critical settings being Type/Description Balance sheet account, Account Group: GL Receivables & Fin Assets Control Data Tax category “-B Input Tax Managed Gross” Recon account for account type K Vendors Open item management: Not checked Line item display: Checked Create/Bank/Interest Field status group G001 General (with text, assignment) - G/L account for Input Tax Clearing with some critical settings being: Type/Description Balance sheet account Account Group: Liabilities & Equity Control Data Tax category * Recon account for account type “None” Open item management: Not checked Line item display: Checked Create/Bank/Interest Field status group G011 Clearing accounts (with settlement per.) - Configuration transaction <OBYR> settings For account type K and Special G/L indicator F & A, against the relevant controlling area, set Recon account = “Vendor reconciliation account”, Special G/L Account = “Down payment requests (vendors)”
17
Embed
Vendor downpayment process mapping with EHP4 enhanced functionality
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Prerequisites setups carried out
1. Activated Business Function Set “LOG_MMFI_P2P”2. Created the following missing G/L accounts
- G/L account for Down payment requests (vendors): with some critical settings being
Type/DescriptionBalance sheet account, Account Group: GL Receivables & Fin Assets
Control DataTax category “-B Input Tax Managed Gross”Recon account for account type K VendorsOpen item management: Not checkedLine item display: Checked
Create/Bank/InterestField status group G001 General (with text, assignment)
- G/L account for Input Tax Clearing with some critical settings being:
Control DataTax category *Recon account for account type “None”Open item management: Not checkedLine item display: Checked
Create/Bank/InterestField status group G011 Clearing accounts (with settlement per.)
- Configuration transaction <OBYR> settings
For account type K and Special G/L indicator F & A, against the relevant controlling area, set Recon account = “Vendor reconciliation account”, Special G/L Account = “Down payment requests (vendors)”
- Configuration transaction <OBXB> settings
Set G/L account created for Input Tax Clearing on Down payments against Transaction Key VVA
Scenario brief
PO for amount AUD 1000, I/p tax on item 10% GST Downpayment of AUD 100 (inclusive of I/p tax GST of 10%)
Process Steps
1. Purchase Order created with Voluntary Downpayments set at Line item level
2. Report transaction ME2DP for creation of PO – Downpayments
5. Report transaction ME2DP for creation of PO – Downpayments
Now you will Notice that the Line item is updated with a Green Traffic light and PO History is updated
6. Check transaction FBL1N Vendor Line Items
In selection screen select Special G/L Transactions, Enter relevant Posting date and other selection parameters as necessary
7. Perform Goods Receipt – <MIGO> against the PO
8. Check PO History <ME23N> against PO Line Item
9. Perform Invoice Receipt <MIRO> against the Purchase Order
While creating the IR with reference to the Purchase Order, the system would give a popup “Downpayments exist against the Purchase Order”. Payment program settles down-payments automatically with payments to be made
If you want to allocate a down-payment to a specific invoice, you must make a transfer posting for down-payment manually.
You can clear Down payment in MIRO itself (screenshot below). In case you do that, the next step <F-54> for Clearing Down payments will not be required to be performed.
Once Downpayment details have been entered, you will not that the Downpayment Clearing tab at the top right corner of the screen turns green
Click on Simulate to simulate the postings and Post the Invoice Doc
Financial Postings as proposed above are:
Down payment request a/c Cr 100.00 – Vendor Account Dr 100.00+