Theessentialofaccountsandfinancefornonfinancemanagers 13269843631266-phpapp01-120119085255-phpapp01
vendordownpaymentprocessmappingwithnewehp4enhancedfunctionality-130415032032-phpapp01
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Transcript of vendordownpaymentprocessmappingwithnewehp4enhancedfunctionality-130415032032-phpapp01
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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/InterestField 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 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)
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- Configuration transaction settings
Set G/L account created for Input Tax Clearing on Down payments against Transaction Key VVA
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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
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2. Report transaction ME2DP for creation of PO Downpayments
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3. F-47 Downpayment Request Created
Postings generated as below
Itm PK BusA Acct no. Description Tx Amount in AUD
001 39F 10482 AIRWELL PUMPS P1 100.00-
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4. F-48 Post Down Payments
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Simulate and Post Down payment
Postings generated are:
Itm PK BusA Acct no. Description Tx Amount in AUD
001 50 100140 Bank-Dom (out pay) 100.00-
002 29A 10482 AIRWELL PUMPS P1 100.00
003 40 118020 GST Input Tax Credit P1 9.09
004 50 202080 Input Tax Clearing P1 9.09-
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
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6. Check transaction FBL1N Vendor Line Items
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In selection screen select Special G/L Transactions, Enter relevant Posting date and other selection
parameters as necessary
7. Perform Goods Receipt against the PO
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8. Check PO History against PO Line Item
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9. Perform Invoice Receipt 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.
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You can clear Down payment in MIRO itself (screenshot below). In case you do that, the next step for
Clearing Down payments will not be required to be performed.
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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
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Financial Postings as proposed above are:
Down payment request a/c Cr 100.00Vendor Account Dr 100.00+
GST Input Tax Credit Cr 9.09
Input Tax Clearing Dr 9.09+
Vendor A/c Cr 1100-
GR/IR A/c Dr 1000+
Input Tax Credit a/c Dr 100+
Postings pertaining to Down payment clearing (posted in accounting document pertaining todown payment) are
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Itm PK BusA Acct no. Description Tax code Amount in AUD
001 39A 10482 AIRWELL PUMPS P1 100.00-
002 26 10482 AIRWELL PUMPS P1 100.00
003 50 118020 GST Input Tax Credit P1 9.09-
004 40 202080 Input Tax Clearing P1 9.09
Postings pertaining to General Invoice (posted in accounting document pertaining to Invoice)
are
Itm PK BusA Acct no. Description Tx Amount in AUD
001 31 10482 AIRWELL PUMPS P1 1,100.00-
002 86 200010 GR/IR Account P1 1,000.00
003 40 118020 GST Input Tax Credit P1 100.00
On executing the postings the Financial document will get generated and PO history will alsobe updated with the same (can be checked in ME23N)
10. Clear Vendor Downpayments < F-54> - If Not already done in step above
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