How to apply an invoice to a payment on account using Internal Rec?

As the link invoices to previous payments is now replaced by the new Internal Reconciliation Engine, you now need to perform a Business Partner internal reconciliation.
This seems like quite a cumbersome process.
The steps are:
1. Open the Business Partner
2. Select Internal Reconciliation
3. Select the payment (which you made previously on account)
4. Select the invoice which you would like to apply the payment towards
5. If the payment and the invoice don't exactly match, you now need to create a journal. So where does the other side of the entry go? One side is automatically filled in for you, being the Business Partner, the other side goes where?
If you put the other side as the Business Partner, the journal will post, but you get a mess when you look at the BP balance:
There will be:
RC - receipt on account  $50
IN - invoice $80
JE - Journal for the difference ($30)  (negative)
JE - Journal for the difference $30
None of these go away if you tick the 'Display Unreconciled Trans. Only' option.
How do others get around this?

Hi John......
There are two aspects of doing internal reconciliation.
1. you want to reconcile part Invoice amount against Payment on Account
2. You want to reconcile part Invoice amount against payment on account and accounting for rest amount of invoice should be gone to rate difference account and which you dont want to pay to your vendor.
So the thing you are asking about the differnce amount should go to rate difference account.
When you do the reconciliation just select the difference amount for Journal entry where diff. amount say $30 will go to rate difference account.........
Hope this will help you......
Regards,
Rahul

Similar Messages

  • How to Manage AP Invoice amount with 'Interim Liability account' using SLA..

    Hi,
    Standard:
    In AP invoice accounting generated after done validation and 'create accounting process' then its creating Dr:Item account and Cr:Liability account---->This is Standard SLA functionality.
    My Requirement:
    Accounting should create Dr:Item account and Cr:Interim Liability account while validate the invoice, then after validate the invoice should create standard accounting (create accounting) this will be Dr:Item account and Cr:Liability account . To do this exercise i will have two liability balances Interim Liability account and Liability account.
    How to setup this functionality using Subledger accounting method? or This is possible to do?
    Please suggest me..
    Thanks and Rgds
    Suresh

    Hi Suresh,
    With encumbrance accounting, you can track the amount to be spent in Payables that was encumbered in Purchasing. This might help get you the results you need.
    Unfortunately, I cannot think of an option for you that would work in standard accrual accounting. In the current model, an accounting event is created only during validation, and accounting is driven off of the events that are created.
    Cheryl

  • How can I make invoice when down payment is bigger than item value ?

    Dear all,
    please, I need make invoice with bigger down payment than the item value.
    How can I make invoice when down payment clearing value is bigger than the item value ?
    When I do Release To Accounting, I have got a massage:
    "Total of down payment to be billed too high. See billing document item XXXXX"
    Please, how can I solve this problem?
    Thank you
    Peter

    Hello,
      I would like to underline that this is not a problem, but a standard, and in my opinion rightful behaviour of SAP: in a dowpayment process, when you create the invoice document, you should deduct only an amount less or equal to the invoice amount. And in the following invoices you will deduct the remaining downpayment amounts still open.
    Also under al legal and fiscal point of view, I guess how would you print the invoice? With a minus value?
    Best regards,
    Andrea

  • How to add an itunes gift card to your account using a 3rd Gen itouch

    Does anybody know how to add an itunes girt card to your account using a ipod touch 3rd gen

    You can redeem iTunes Store gift cards, gift certificates, or other promotional codes to make purchases. When you’re signed in to your account, your remaining store credit appears with your account information at the bottom of most iTunes Store screens.
    Enter a redemption code: Tap Music, then tap Redeem at the bottom of the screen and follow the onscreen instructions.

  • How to Associate a existing contact to a existing Account using file based import in Oracle sales cloud

    How to Associate a existing contact to a existing Account using file based import in Oracle sales cloud

    Hello,
    You can use this mapping in order to associate contacts with existing Accounts: This will relate the previously imported Contact with an existing Account.
    Regards,
    Oana

  • How do I set up a secured WI-FI account using Airport Extreme

    How do I set up a secured WI-FI account using Airport Extreme

    Read the user manual that came w/it! 

  • How to Post Customer invoice and Incoming Payment?

    Hi,
    Please give me some inputs for the below scenario. Please help me where i can do this..I could not find the T.Codes..
    1. Customer Invoice
    2. Customer Payment at Desk
    3. Down payment
    4. Down Payment Clearing
    I could able to find the t.code for Down payment, But i could not find the T.Codes for Invoice and Incoming Payment and Payment Drawer.
    Please help me..its bit urgent...

    Hi Kishore
    IS-H only generates invoices from a pseudo SD. In SD are seen as invoices entered form an external systems and transfered to FI.. So, no posible to do a FI invoice directrly in IS-H.
    Regarding the payment, once the invoice is created in NA30N and correctly transfered to FI, you will see a tab called Incomming, Payments. That tab is shown only when a valid cash desk to the user using the user parameter N_CASH_DESK besides, permitted values for the user parameter are all values that are stored for the field "Cash Desk" in the Customizing table  TN21Z1 (Set Up Cash Desk).
    I hope it helps.
    With best regards
    Matías

  • How & Where to dig back those reversed payment requests by using Key Number

    I have a few payment requests via bank to bank transfer that have been reversed / deleted. Since the transaction have been reversed / deleted, they will not be displayed in the list of open payment request.
    How & where I can get back those payment requests if I have the key numbers.

    Hi,
    In T-Code F8BT, you can enter Key No. and get the list of items that were reversed. And Select "Cleared"
    Regards,
    SAPFICO

  • How to get opening balance of a g/l account using query ?

    Dear all,
    I'm developing consolidated g/l accounts debit,credit totals month wise with opening & closing balances thru query based report,
    i'have got expected results except opening balance g/l account,
    How to get opening balance of a g/l account based on date as conditonal parameter ?
    Any one throw light on this ?
    Jeyakanthan

    Hi ,
    Please kindly help me on this.I don't know how to calculate opening bal and closing bal over a period of time by Quarter, and how to generate the reprot using crystal reports and please suggest me on this how to go ahead with this report.
    Here you can go through the reprot requirement , and also an attachment of my Report template.
    we have "Category of Investment" , "Income On Investment" ,"Gross yield" and "Net yield" are  report fields.
    1)"Category Of Investment " is Hardcoded.
    2)In this we have to get  "Investment" column from VTBFHAPO(BZBETR Field) table Database based on
    Flow type(SFHAZBA) in VTBFHAPO table ='0100' for bonds category.
    3)"Income on Investment" also we will get from DB using the following formula.
      Income On Investment= "Interest IncomeAmortizationCapitalgain"
    4)With the Date field(Making Date dimension based on date(DCRDAT) field in VTBFAHPO table.
    By Current Quarter,Year to Date,Last year)
    5)Opening bal---Investment
    Purchase--Flowtype=0100
    Meturity/Sales--Flowtype=0200
    Closing balance=Opening bal+(Investment or Purchase)-(Meturity or Sales)
                                      '0100'                 '0200'
    Here '0100' and '0200' are Flow types based on this i need to get value from the same Field.
    we need to Calculate "Gross yield" .
    The bellow are formulas  to evaluate "Gross yield "
    Ist Qtr  .Gross yield=Investment income/(((April opening balanceApril closing balance)/2)((May opening balanceMay Closing Balance)/2)((June opening balance+June closing balance)/2))/3)
    Ist qtr. Year to date   Gross yield=Investment income/(((April opening balanceApril closing balance)/2)((May opening balanceMay Closing Balance)/2)((June opening balance+June closing balance)/2))/3)
    Investment income=interest incomeamortisationcapital gain
    Iind Qtr.Gross yield=Investment income/(((July opening balanceJuly closing balance)/2)((Aug opening balanceAug Closing Balance)/2)((Sept. opening balance+Sept. closing balance)/2))/3)
    Iind Qtr. Year todateGross yield=Investment income/(((April opening balanceApril closing balance)/2)((May opening balanceMay Closing Balance)/2)((June opening balanceJune closing balance)/2))((July opening balanceJuly closing balance)/2)((Aug opening balanceAug Closing Balance)/2)((Sept. opening balance+Sept. closing balance)/2))/6
    This data should display over a period of time. based on "Current Quarter","YearToDate" and "Last year"
    The quarter starts from April,i,e FY,  I Like this i need to generate the report.
    Thanks in advance.

  • How to deal with Invoice after Down Payment

    HI ,
    I am testing Down payment  for vendor and We have  activated withholding tax in our company code . I was just wonder how system will behave if we have suppose 50 % of down payment   .
    Complete  process is as below
    Create a request in F-47 for 50 % of Invoice before Invoice comes
    then Run f110 and paid to vendor
    Now after this Invoice will come and get posted .
    Now I have some concerns
    1) I have set up  Tax  codes on payment and enter in f-47 can see tax amount is deducted  there .
    2 ) How invoice will be processed  whether we will deduct whole Wh.Tax  or need to set up .
    3 how we will deal with rest 50% of payment
    Many Thanks

    Hi Preeti,
    The process is as follows:-
    1. 50% Down Payment on Invoice - F-47/F-48/F110
         Vendor (with SPL GL A) - Dr.   50
              To bank A/C                       45
              To TDS A/c                          5
    2. Invoice booking of Vendor         - FB60
         Expenses A/C......Dr.           100
              To Vendor                         90
              To TDS                              10
    3. Down Payment Clearing - F-54
             Vendor A/C..... Dr                           45
              TDS A/c .... Dr                                 5
                    To Vendor With Special GL A    50
    TDS also gets adjusted here ( The setting required in SPRO is that you need to tick the " Cent Invoice prop" in withholding tax type for Payment posting)
    4. Vendor Payment
          Vendor Dr. 45
            To Bank      45
    Regards
    Kavita

  • How to apply Tax Invoice line in AP and AR

    Hi All,
    I created an invoice in AP and i need to apply a tax line (like VAT )for that invoice.
    Can some one please tell How to setup Tax line in Invoice while we create an invoice?
    Thanks
    Narasaiah.

    Did you create your AP Invoice via the Open Interface or via the screens? While using the Open Interface you can just create an extra line of type TAX, for the screens just make sure the vendor has a tax code applied and autocalculate tax is marked in the setup.

  • Blanket PO Process: How to block (Ok) invoice Documents  for payment

    Hi,
    There is a requirement to block the invoices created through Miro even if the Blanket PO value and Validity is honoured.
    The user wants to release all the invoices through MRBR which also meets the PO value limit and validity limit.
    The Invoice blocking for PO value and Validity  exceeding is working fine.
    I have explored OMR6 but failed to see this kind of invoice blocking for Blanket Po' s.
    Regards,
    Abhilash

    Hi
    To Block Framework Order PO Invoice if exceeded.- Set up a tolerance key "LA" in the transaction OMR6 for your company code, but this limit checkdoes not work with parked invoices.
    Check the note : 134976
    Regards
    Anand

  • How to handle Order/Invoice with split Payment terms ?

    Hi we are implementing 11.5.9 for one of our sites...
    we have a situation wherein we charge the customer on placing the Order, on shipping the
    goods and on their acceptance...
    For example,Assume total order is $200,000. 10% on placing order; 20% on shipping: and 70%
    when customer accepts.
    10% - 20,000
    20% - 40,000
    70% - 140,000
    We need to issue invoices at each stage too...
    Can anyone suggest a way out ??
    thanks in advance..

    Hi,
    After much thought, My knowledge took me to Customization way to this Scenario.
    1. Define Order type to close immediately after delivery.
    2. Design a Invoice Print report, which will bring details into a TEMP table from Order depending on Order status.
    i.e. Order booked -- 1 line inserted into temp table with 10% of order amount and status as Booked.
    The Invoice will be printed using this details and an interface program should fire, which will interface this line to ra_interface_lines_all.(Plan program as per your needs. This is just a test case I have taken)
    3. On next run, after delivery, the Line status will change to Delivered, which will insert another line into TEMP table which current record flag 'Y'. Prints and Interfaces the invoices to AR.
    Similarly next step.
    Design of this TEMP table and other validations, you can discuss with Technical Consultant. I think, we can achieve this only with this minimum customization.
    Standard application is just giving workarounds and not perfect solution to this.
    Regards,
    Sridhar

  • How To Attach PayPal MasterCard to Amazon Payments (MTurk) Account

       I have no idea what category to post this under, but I hope someone can help me. I am having a LOT of trouble today, and keep getting jerked around.     I got my PayPal Debit MasterCard in the mail today. I activated it with no problem. I went to add it to my Amazon MTurk Payments Account, and it needs a routing number, and an account number. Well I have the routing number, but no account number... (The Bancorp Bank's ABA routing number : 114924742)    I called PayPal customer service. They sent me to the "PrePaid Debit MasterCard" department. The second time I called, that department sent me to the "Business Debit MasterCard" department. Then that department told me to go to Amazon. Amazon said I needed to contact PayPal. Which I knew I needed Paypal to begin with, seeing that it is a PayPal card and not Amazon card...    The first person I talked to did not speak but maybe 9 words in English! She asked me if there are "words" written on my card.!??!!? So I thought she meant my numbers. I read them to her and she said "No. Words!" So I read everything on the card, and when I got to my name, she said that was it... Then she pretty much said goodbye (I think), and I am left staring blankly at my laptop screen for the next 10 minutes trying to figure out what just happened.    The second call, the woman told me that the ONLY way to put money in PayPal is from one member to another.  And told me to go to a store and BUY ANOTHER card.  Then she just told me to call Amazon. Even less help than the woman who spoke no English.    I have looked up the FAQ's, as well as all through this forum. I have found ways to add it, on the OLD site before they made all the changes. But there is no Account Center, "Add/Manage Money"or "Direct Deposit" anywhere on my account.    All I want to do is take my money from my Amazon Payments, and put it on my PayPal Debit Mastercard.  One end tells me I have a Business Prepaid Debit MasterCard, and one says it's a regular Debit MasterCard. One end says I can get my account number, and one says I can't...    If I can't put my money on it, the card is completely useless. I just need to find my account number.   Also, it says to log into my Prepaid Account, and when I do, it doesn't recognize me. Says I need to make a new account. Please help. 

    Guess I will have to go with Netspend...

  • TS4001 How can I share Safari bookmarks between two iCloud accounts using IOS 7 and Mavericks?

    Before iOS 7 and Mavericks, we were able to share Safari bookmarks between all of our devices.  My wife had the primary iCloud account which was setup to share bookmarks, contacts, calendars and reminders.  A secondary iCloud account was setup on my phone for only my email.  Each phone had our private email accounts segregated and we shared all the bookmarks, contacts, calendars and reminders.  When I saved a bookmark on my phone, I could see it later on our iMac or iPad.  Now only my wife can sync bookmarks between her phone and the iMac or iPad.  This *****!!  This worked beautifully before we upgraded to the latest versions of OS & iOS.  Is there a work around or a new way to set things up?  I don't want to be stuck reading Safari on my phone when I have a 24" iMac sitting in the living room.  I don't want to see all of my wife's email on my phone either.  Do we need three iCloud accounts now?  One main for sharing and two separate accounts for only email?  Need help!  Any suggestions would be appreciated, thanks.

    David,
    Thanks for the reply.  That's how I set it up originally.  Although the new iOS 7 update lost some functionality.  I found the following on the TUAW website.  The Safari Bookmarks and Find My Phone options have been removed from the secondary iCloud accounts options.  This is the problem.  Everything worked great before we updated.  I guess "new way" consolidates the iCloud accounts better with Maverick?  Now I will have extra documents on my phone that I don't need.  We will both have to share the same iCloud storage and backup space too.  Have to try it out and see how it works. Thanks.
    http://www.tuaw.com/2013/09/19/how-to-use-multiple-apple-ids-in-ios-7/

Maybe you are looking for

  • Cursor moves when in tablet mode (screen touching the pointing stick on an X220T)

    Hi there, when I put my X220T in tablet mode, the screen moves just enough to move the pointing stick in the middle of the keyboard to cause the cursor to move. I can't rest my hand on the screen without causing the cursor to move all the way accross

  • Additional Batch Sequences for Acrobat 9 Pro

    In my downloaded version of Acrobat 9 Pro, there are only a few batch sequences. The last time I bought Acrobat on a CD was version 5, and many additional batch sequences came on the CD.  By "additional" I mean that they were not automatically instal

  • Get the client IP address

    Hello everybody, I'm a student new with java, I'm developing a little server application - running standalone, and I'm trying to get the client Ip address, have a look on my code snippet: InetAddress fromcli; while(true){ welcomeSKT.accept() fromcli

  • Measures in different levels

    I am having problems with measures based on different levels of a dimension. The situation is: I have a product dimension with 2 levels (category and detail) and a client dimension. I want a measure with the number of distinct clients wich buys each

  • Dreamweaver website moves in firefox

    Hi I am currently studying IT at college and I am designing a website on dreamweaver but I have created it and it works fine in Internet Explorer but when I open it in Firefox some of the div tags move over to the side. I have used wrapper to keep th