AR Down payment receivables account

Dear Experts,
Can you please throw some light on AR Down payment receivables account? Should this be an asset account or liability account?
I have linked a down payment receivable control account and have posted AR DP invoice, but it gets posted against regular debtors control account. So when I click view by control accounts, I see no balance in the down payment receivable control account. How do I ensure that when I account AR DP invoice, it is posted against this control account and not the regular debtor's control account?
If an AR Down Payment invoice is paid, would there be any balance left in the down payment receivable control account?
Please clarify on these queries related to down payment receivables account.
Thanks,
Arun

Hi Yeni and Arun,
I have a requirement similar to Anual Maintenance Contract. Please share with me your solutions
Here are the details:
Customer buys a warranty contract for an appliance for a specific period of time say 1 year and pays 100% Down payment
Down Payment must be posted to Down payment account
During contract validity time, free of charge services and spare parts are delivered to customer ( Customer calls service department if he has a problem)
At defined time e,g end of year, we need to post to revenue account. This posting should automatically reduce the value on the down payment account.
Questions:
Which sales process should we use to cover this requirement?
How can i set Gl account determination of "downpayment account" in every customer. This was a suggestion from Yeni in the previous post
Many thanks for your help.
Regards,
MKW

Similar Messages

Down Payment Received - Output Tax Account definition

Hi,
I have defined reconciliation account for down payment received under OBXR, and it works fine. However, the issue comes when we post output tax received along with customer down payment. I get the error "No taxes on sales/purch.are allowed for account 214010, O1 is not allowed". 214010 is our customer down payment account.
It looks like I have to define tax account under "Define Tax Accounts for Down Payments Received (OB40)" and also "Define Account for Tax Clearing (OBXB)". I am not sure where in OB40 and OBXB I have to define these accounts. Or is it enough if I just define tax account for down payment under OB40 and don't do anything in OBXB.
I appreciate your help.
Thank you

> Hi,
>
> I have defined reconciliation account for down
> payment received under OBXR, and it works fine.
> However, the issue comes when we post output tax
> received along with customer down payment. I get the
> error "No taxes on sales/purch.are allowed for
> account 214010, O1 is not allowed". 214010 is our
> customer down payment account.
> Go to your GL account 214010 in FS00 in change mode and make the following settings from F4. < Output tax account
> It looks like I have to define tax account under
> "Define Tax Accounts for Down Payments Received
> (OB40)" and also "Define Account for Tax Clearing
> (OBXB)". I am not sure where in OB40 and OBXB I have
> to define these accounts. Or is it enough if I just
> define tax account for down payment under OB40 and
> don't do anything in OBXB.
> Once u make the above settings then the system will tell you whether you need to define other accounts for postings once you make postings.> I appreciate your help.
>
> Thank you

Down Payment Receivable control account?

Hi All,
I was hoping someone could help clarify account determination for me.
Currently I have assigned a 'Down payments received clearing account' as a liability account. Is this correct?
Then If I click the accounts recevable "..." I am presented with the control account selection for "Open Debts" and "Down Payment receivables". I have selected this as "Trade Creditors Domestic".
When taking DP invoice payments I can see that the DP payments received liability account is posted to correctly. When the DP Invoice payment gets applied to the AR invoice, the account is cleared as expected. I think this is correct.
I am however confused as to the control account determination. I dont see any postings made during this process. What should I see?
Many thanks.
John
Edited by: Jantzman on Jul 26, 2010 4:06 AM
Sorry... I clicked post before I as ready .. oops.

Hello John...
I am not sure what the Accounting Standards are where you are located, but generally a payment is not defined in the Liability Drawer, but in the Asset Drawer (because you are bringing in an asset of Cash - the so-called above posting). Of course, the company has to really define that...it is only a temporary holding account from "Down Payments Received" to permanent "Cash" account ...
I would suggest that you speak directly with the Finance folks of the company you are working with. Folks in the forum will give you the correct answer as they understand it, but in financial postings the "correct answer" can vary so widely. The only people who know how their individual books and related transactions work are the accounting/financial folks. And some times they even have some differing opinions. During the Blue Print Phase of Implementation I always sit in on the discussions to explain how SAP B1 works and we use the old school T accounts to walk through each scenario. But the accountants/financial personnel are the ones who have the final say, because they are the ones who will be living with it for years to come.
Regards,
Zal

Down payment received from customer

Hi, SAP Gurus
Sub: Processing of Customer Down Payment
1.I have completed the required configuration in T Code OBXR for down payment received from customer and down payment request from customer.
2.The processing of Down payment request is happening without any error message.
3.When I am trying to process a down payment in T code F-29 the following error message is appearing and I could not able to proceed.
Account type K is not defined for document type DZ
Can any one pl guide what may be the possible problem ? How to sort it?
It may please be noted that document splitting is activated in the client and the G/L accounts have been classified as required for document splitting.
Thanks in advance.
Surendra

Hi,
the message you get is quite easy to explain: you are using doc.type DZ (should be the default doc type for transaction F-29), but you are entering a vendor line item. This is definitely a problem as doc. type DZ usually does not allow vendor lines in the document, you can check it in transaction OBA7.
Another funny thing is you are saying that you want to enter a down payment received from a customer - so why do you have a vendor line in your document? I think this is the main problem, you are just using a wrong account type. Use the customer account you have entered for the down payment request earlier.
If for seom very strange reasons, you still want to use a vendor line in the customer down payment document, then you have to use another document type that allows customer, vendor and also G/L accounts (check OBA7). However, if you are working with document splitting, you should be careful when picking a document type.
Hope that helps, points welcome
Csaba

Down payment received from vendor

Hi,
i have the system where the standard is providing the Downpayment paid to vendor with acct type-K, and down payment received from customer-acct type -D.
How can we cater the senario where the compay receives the downpayment from Vendor (which is similar to customer) but when i try to create using Acct type-k the system does not allow me create.
Kindly advice and treat this as urgent ...........
best regards
raj

Dear George,
Good morning and greetings,
The account types are pre-defined in the following way
A - Assets
D - Customer
K - Vendor
M - Material
S - GL
You cannot create anything of this sort in the standard system. Moreover, I am not getting your requirement, downpayment is normally paid to Vendor and received from customer. If you are treating a vendor as a customer also, then all you have to do is in the Control screen of Vendor you have an option of defining the customer code for that vendor and thereby the vendor and customer code are interlinked.
Kindly let me know if this meets your requirement and please let me understand your business need...if this reply is found useful please reward points.
Thanking you
With kindest regards
Ramesh Padmanabhan

Down payment received through POS

Hello,
According to our internal procedure customer down payments are posted with special GL indicator. Sometimes payments are coming through our store's system (POS). We want electronically to receive such payments (IDOC) and post them like it is done in transaction F-29 - Down payment. We investigated problem a litlle bit and found that IDOC FINSTA (electronic bank statement) could be useful for us, but we are not sure. Have You any ideas, how this problem can be solved (for example, payment advice note)?
Thank You,
Natalija

> Hi,
>
> I have defined reconciliation account for down
> payment received under OBXR, and it works fine.
> However, the issue comes when we post output tax
> received along with customer down payment. I get the
> error "No taxes on sales/purch.are allowed for
> account 214010, O1 is not allowed". 214010 is our
> customer down payment account.
> Go to your GL account 214010 in FS00 in change mode and make the following settings from F4. < Output tax account
> It looks like I have to define tax account under
> "Define Tax Accounts for Down Payments Received
> (OB40)" and also "Define Account for Tax Clearing
> (OBXB)". I am not sure where in OB40 and OBXB I have
> to define these accounts. Or is it enough if I just
> define tax account for down payment under OB40 and
> don't do anything in OBXB.
> Once u make the above settings then the system will tell you whether you need to define other accounts for postings once you make postings.> I appreciate your help.
>
> Thank you

Error -Account 'Down-payments clearing account' could not be found for area

When I am trying to pass a down payment entry by debiting vedor and crediting bank with asset it is giving an error as follows.
Account 'Down-payments clearing account' could not be found for area 01
Message no. AU133
Please help me to rectify the same.
Thanks in advance
Deepak

HI
Please pay attention at the possible causes of message AU133:
1. Error AU133:
   a) You have not defined a contra account for acquisition value postings in the Asset Accounting Customizing settings (Transaction AO90).However, this is required as of Release 4.6C because, as is the case for all other integration postings in Asset Accounting, invoice receipt postings have to be displayed in Asset Accounting via the new posting kernel to ensure an identical document
structure.
   b) You have defined the account in Asset Accounting, however, it is not created in the affected company code.Check whether the account is correct and create it for the company code, if necessary.
2. You have entered an asset reconciliation account for the "Contra account: Acquisition value posting" (for example, the same account as for   "Acquisition:Acquis. and production costs" account).This is not permitted.Check whether your account determination is correct
   (Transaction AO90) in Asset Accounting Customizing. The same applies
   for the 'Contra account: Down payment posting'.
3. As "Contra account: Acquisition value posting" you entered an asset G/L account. If necessary change the automatic posting indicator in the G/L account master record.
4.Check if you need revaluation accounts in depreciation areas involved   (AO90):
-Revaluation acquis. and production costs
-Offsetting account: Revaluation APC
Please run also programm RACKONTO where missing or wrong customizing
the accoutn determinations per company code is displayed
Also have a look at note 7595 in this regard.
Please assign points if it useful.
Regards
Ravinagh Boni

Down Payment Interim Account In SAP 8.8

Dear All,
Please let me know the use of Down Payment Interim Account under sales and purchase tab in gl account determination in SAP 8.8. I have tried some transactions but the same is not getting affected. Is it applicable for India Localization?
Regards
Kapil

Hi Kapil,
It is applicable for India Localization. And when you are going to do Incoming payment on base of "A/R Down Payment Request" then your "Down Payment Interim Account" will hit. In payment Dr effect goes to this GL and when you will link "A/R Down Payment Request" in "AR Invoice" then "Down Payment Interim Account" will nullify with CR effect.
Thanks,
Sachin

Down Payment Clearing Account Vs Down Payment Interim Account

Hi Experts
What is the use of Down Payment Interim Account & Down Payment Clearing Account??
Difference b/w Down Payment Clearing Account Down Payment Interim Account ??
regards
anand

Hi Anand,
You may check: Re: Down Payment Interim Account In SAP 8.8
Thanks,
Gordon

Setting up Down Payment Clearing Account & Down Payment Offset Acct

Hi
I wonder if someone could perhaps guide me to a possible solution on the above querie. I am trying to post a Down Payment invoice within SAP Bus One 2007A but get the following error: GL Account code is missing (1) [message 131-46].
I have spoken to our support who have suggested the course of action but the problem I have is I need to know which codes I should use to set these up?
Any feedback would be greatly appreciated.
Thanks
S4P US3R

dear,
map the down payment clearing account in G/L account determination -sales tab-map Down payment clearing account(Liabilitty Account). similary for purchase(Asset account)
Hope this will help you.
Regards,
Neetu

Down Payment Interim account

Dear expert,
What is exactly the main function of Down payment interim account in AP Down Payment Request? if there's any problem if i do not use this account for down payment transaction? As we know that Down Payment interim account is located on BP master Data on TAB accounting.
Thanks,
Please advice
Felix Setiawan

Hi Felix,
Previous to SBO 8.8 you cannot make any payment in Down payment request, now it is possible using the Interim accout for DPR the JE is created in the Interim account and balance with the invoice later.
Regards.
Rakesh N

Down Payment AR account

In Canadian localization in GL account derermination -> Down Payment AR account is missing .
What we have to define to appear this account
Thanks,
Olga

Hi Olga,
If you are refering to where this account can be defined as in GL Account determination, then, not all accounts are exposed in the software in all localisations. Meaning, the database fields do exist, but as they are not used they are not exposed.
If the field you are asking about is OACP.CDownPymnt, then this field is not used in the Canadian localisation.
Was this the question?
Hope it helps.
Jesper

Down payment made & down payment received

Dear sir,
Can you tell me the difference between down payment made and down payment received, and give me some examples.
Thank you very much.
Faithfully,
Hangvt

Hi,
Down payment is nothing but advance payment..
sometimes you can make the payment inadvance(that means you have given amount before you receive the goods) and sometimes you will receive the advance payment from customers(you will take amount before you sell the goods and delivered to his premises).
At the time of receipt Down payment
1.Down payment request                          - F-37
2.Down payment received from customer   - F-29
3.Down payment clearing                          - F-39
At the time of making Down payment
1.Down payment request                          - F-47
2.Down payment to vendors                      - F-48
3.Down payment clearing                          - F-54.
Down payments are special gl items and represented by"A"
Hope understood and you can assign point if you are cleared.
Thanks,
Vasu..

Down Payment Receivables

Dear expert
I have one issue about Control Account, Iu2019m using SAP B1 8.82 PL00. Under Accounting tab of Business Partner Master Data, there is a button (u2026.) for Control Account. And it has 2 account types u201CDown Payment Receivablesu201D and u201COpen Debtsu201D. I read help file it said that u201CDown Payment Receivablesu201D u201CSelect a G/L account to be used as a control account when creating an incoming payment based on an A/R down payment invoice.u201D I also try to set 2 differences GL Account for u201CAccount Receivableu201D and u201CDown Payment Receivablesu201D and test it follow to its description. But the result transaction record use only u201CAccount Receivableu201D account as control account.
So can you tell me clearly when SAP use u201CDown Payment Receivablesu201D as control account? Or it not available for use now?
Thanks
CHAMNAN

Hi,
Please update us which localization you are using.
Also, do let us know whether you see 'Downpayment receivable account' or 'advance payment' appearing in the Business Partner Master Data > Accounting tab(instead of the control account ( . . . ) )
Kind Regards,
Jitin
SAP Business One Forum Team

Asset Down payment reconcilation account -error

Hi,
My client requirement is Asset Down payment.For this i am giving Special GL account 120150 in AO90 transaction. Is is giving error.the above spl gl account was maintained in OBYR.The same why it is not accepting in AO90.
Account 120150 not yet defined as reconciliation account in company code 3000
Message no. AC308
Diagnosis
The account assigned for these circumstances (G/L account:down payments) has to be a reconciliation account. This account is not yet defined as such in company code 3000.
Procedure
Define the account as a reconciliation account.
1.Why it is not accepting the Gl account which i have maintained in OBYR-specila GL for down payments?2
2.How to solve this error?
please help me.
Thanks
Kishore

Hi Kishore..
Please maintain your account 120150 as a recon account.
That should solve your problem..
In case you need further clarification, please feel free to write to me..
Good Luck!
Lucid-Mind...

AR Down payment receivables account

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