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In A/R, You are maintaining recon in legacy system & at the
end of every month you need to carry forward the balance to
SAP..what config do you do & what is the accouting
transaction?
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Answer Posted / mk
It seems that you have open AR documents in your legacy
system which you did not move oevr to SAP. Now, when you
collect in the legacy system, you want to bring the effect
in SAP. Is that right?
If yes, then first, create a separate receivables account
(sundry debtors as they sometimes are called) for the open
AR documents in the legacy system. This will not be a
reconcilliation accoutn in your SAP system as the subledger
is maintained in legacy. Load this GL account with an
opening AR balance (debit) along with other account balances
that you had in legacy when you moved over to SAP.
Now, when invoice is collected in cash, you debit cash and
credit this AR account. If all or a portion of this invoice
is charged off as unreceivable, then post a debit to an
expense account - Loss on uncollectable AR
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1. I want to create an installment method payment term whereby my customer pays 50% as Advance Payment & 50% Net 45 days. How to configure the 50% advance payment term in OBB8 as system does not take negative days say -1 . I have created Z100 as 50% Advance Payment & 50% Net 45 days, Z101 as 50% Adv Pyt and Z102 as 50% Net 45 days in OBB8 and then assigned the same in OBB9 to Z100, 1, 50%, Z101 and Z100, 2, 50%, Z102. But the payment terms Z101 should be having -1 days instead of 0 days. How to configure this or achieve the payment term of advance payment? 2. My purpose is that during FB70, I should get a warning message that advance payment has not yet been received for this customer having this installment payment term Z100. It should not let me post the invoice unless 50% adv pyt has been received. At present we are not using Down Payment functionality. But I assume that without the Down Payment functionality the same cannot be achieved. Please confirm this. How can I achieve the above requirements? 3.Dear Group - Our Purchasing Dept has asked me to create a new payment term with the following terms: "Payable 90% upon delivery, 60 days net, 10% upon acceptance, 60 days net". So when we receive the invoice, we get a 10% discount off the total price, due within 60 days. The balance is due 60 days after that. Any ideas on how I would configure this using transaction OBB8. IT IS VERY URGENT FOR ME KINDLY SEND ME THE ANSWER ON MY E.ID-sahu.suryakanta@hotmail.com.
