Asset Procurement by Credit card

We have the Business requirement where assets are purchased by using credit cards and we want to have Goods receipt to be done in system without PO.
Is it possible?
Thx

Hi,
Try this solution
1. Create Asset Master
2. Create Credit Card Company as Vendor and if required maintain Credit Card No in any of the reference field in vendor Master
3. You can maintain Credit Card No or any other detail in PO Header Text or Item Text
4. Create Po with Accoujt Assignment A
Pl. try
Regards,
Vikas

Similar Messages

Asset puchase thru Credit card

Guys,
How do I handle assets that purchase thu credit card??? we are going to migrate to sap ECC6.0? not yet live in sap. and how about down payment for an asset purchased? what would be the t

Hi,
You need to create your credit card as a bank account in your general ledger.
post asset acq with F-90 and debit asset and credit Credit card Bank account.
when you make the payment against that credit card bill, debit your CC bank account and credit either cash account / normal curr account.
In cae you want to purchase your asset using purchase order, create your Credit card Bank account as a vendor and create the PO.
Do the GRN.
Do the invoice once you receive the CC statement.
make the payment using F-53 to CC vendor code, which will post entry like CC vendor debit and credit bank curr account.
This will sove your issue.
Thanks,
Srinu

Required Column for Credit Card (Coporate and Procurement ) in the table

Can anyone provide a sample credit card format for other banks not supported by Oracle EBS.
And is there any document thats provides the list of madatory column that need to requested from the bank of the table population.
Regards

Hi,
Has anyone worked on this format. Please provide me with a sample file. That would e of g8 help..
Regards

TS3297 I can't update my bank info for my iTunes account on my phone or a computer. It keeps giving me the out valid credit card info prompt Everytime I try to put the right info in. And it has been very hard to get any help from Apple

I haven't been able to update my credit card info from the one Apple has to the one at the bank with is the one linked to my card. And I have had a nightmare just getting someone to help me. I can't update an app that I actually really need to use. I am losing money everyday this is not resolved

No this was absolutely of no help what so ever!!!!1I have had this issue before and it was also a nightmare. I don't understand why you have to go thru so much pain until you can talk to a real person. I don't have 48 hours. I use this app to make money. I can't update it, so I can't use it, all because I can't update my info, which is clearly on the Apple side. Not my bank (like they first want to say), not me, I know who I am, but it must be something on apple's side. And to wait 48 hours for an email response to tragic . I can't believe a company with as much assets as Apple can't get a real person to help me sort this out. I had this same problem years ago, and it was the same mess. Whay do I keep doing this? Am I just one of the bovine masses who just have to have an iPhone? Yikes

1099 Credit Card Vendors

We have vendors that are paid via the procurement card that are classified as 1099 vendors. As such new IRS rules state that even though the actual payment to the vendor comes from the bank, we are required to include the payment amounts in the 1099 form. Since these transactions were through the procurement card, the actual vendor related payments are not recorded in SAP.
Is there a method in SAP for handling vendors that are paid via credit card and do not have actual transactions in the system? Also, it is possible to "gross-up" the amount printed on a 1099 form for vendors that were paid directly from SAP (which is included on the 1099) but were also paid with a credit card in some instances?
We are using ECC 6.0 (no enhancement packs) and using basic Withholding (we are not using Extended functionality). For printing of the 1099 we are using transaction S_P00_07000134 Generic Withholding Tax Reporting.

Brian
We have similar situation.
We create dummy invoices and payments which do not hit our financials. We have defined posting keys 39/29 and document types YW/YQ just for this and transactions are posted using special GL indicator. We have defined alternate recon account 800001 for actual recon a/c 200001. We psot dummy invoice to vendor which gets to 800001 and then when we make payment, it is reversed balancing the accounts. This account is not part of our financial reporting.
I am sure, there may be other ways too.
Thanks
Rajesh

Outgoing Payment - Credit Card

Hi All,
We have a company credit card. With this card, we may pay say 5 different vendors.
Since I cannot find a kind of "deposit" function for outgoing payments, I am thinking of this:
1. Create a "credit card prepayment" GL account in Assets
2. Do all 5 outgoing payments from this GL account (ignoring error message about cash flow report)
3. When we get the credit card statement to pay each month, doing another outgoing payment from my bank account to the "credit card prepayment" GL account
4. Manually internally reconcile "credit card prepayment account" GL
Can anyone suggest a better way, or does this look ok? The error with cash flow report is odd, as on one hand the amount of money has been paid, but on the other, is still owed to credit card company.
Thanks!
Rajiv
Edited by: Rajiv Agarwalla on Feb 23, 2009 7:33 PM

If there is a way to use an interim GL account similar to "cheque clearing a/c" for incoming payments, but for outgoing payments, then of course that is perfect!
We are trying to do the same thing but manually (it makes external bank reconciliation easier, as only 1 entry for payment to ccard company as per bank statement).
I tried to go to:
Banking->Outgoing Payments->Outgoing Payments->select Vendor/GL, tick amt, then click money bag, then Bank Transfer tab.
However, I do not see an option for interim GL account? I can see how to set this up as you suggested, but we wish to make payments manually each time and not using the Payment Wizard. Is there another way of utilizing this deature?
Thanks again,
Rajiv
Edited by: Rui Pereira on May 1, 2009 10:47 AM

Asset procurement-tracking of assets

Please suggest solutions for the below scenarios. I will be very thankful to you for your precious suggestion.
Asset tracking:
How to effectively manage enterprise IT assets (hardware, software, and infrastructure devices), what IT assets you have, where they are located, who is using them, and how they are changing over time and how we can track them.
Also how to map Critical business issues that IT asset tracking including: license compliance and desktop standards enforcement.
Scenario-1:
Suppose if you procured 70 computers (assets) for your organization. 50 computers are assigned to 50 people across various locations. Balance of 20 computers are not assigned to anybody.
We have to map this scenario in SAP like:
1.How to track the quantity of assets procured.
2.How to track the quantity of assets assigned to particular people, where they are located and which computer is assigned to whom.
3.If we want to transfer computer from one location to other location how it will be mapped and how we can track (just like in an IT organization environment).
Scenario-2:
Suppose if you procured 50 router switch. Out of 50 ports, 30 ports are connected and 20 are free i.e., 30 ports are assigned to 30 users and 20 ports are not assigned to anybody.
We have to map this scenario in SAP like:
1.How to track which port is assigned to whom.
2.Track how many ports are connected and how many ports are not connected.
Scenario-3:
Suppose if you have taken 50 user license for SAP. Out of 50, 25 users login was given and they are utilizing their login. For other 25 no login was provided.
We have to map this scenario in SAP like:
1.How to track number of users utilizing user license and how many are not.
Thanks & Regards,
J.SRIDHAR

Hi,
1) You need to have both material code and asset master for procurement. While creating PO fill account assignment as A, and give the Asset code.
2) In j1id, under Mateiral and chapter ID combination , enter the material code, plant, and declare as Asset. Then system will automatically takes care of availment of 50% CEnvat this year and rest in the next year.
3)GR is asusual and Invoice Verification also.
Reward if useful.
Create Asset code from Fi. and Create PO with Acct assgmnt cat as"A" then enter the Asset code in the Item detail tab of the PO as Asset no,do the GR.
And Also following a/c entries will happen in the system.
During excise invoice verification
Cenvat account Credit RG23C (50%) Dr
Education cess Credit RG23C( 50%) Dr
Higher edu cess Credit Rg23C (50%) Dr
Cenvat account on Hold RG23C (50%) Dr
Education cess on Hold RG23C( 50%) Dr
Higher edu cess on Hold Rg23C (50%) Dr
Cenvat clearing acc Cr
During invoice verification
Cenvat clearing account Dr
GR/IR clearing account Dr
Vendor Cr
In the subsequent year for reversal of cenvat on hold account to cenvat account, the accounting entry will be as follows
Cenvat account Credit RG23C (50%)Dr
Education cess Credit RG23C ( 50%)Dr
Higher edu cess Credit Rg23C (50%)Dr
Cenvat account Credit on Hold RG23C (50%)Cr
Educational cess on Hold RG23C ( 50%)Cr
Higher edu cess on Hold Rg23C (50%)Cr
regards,
rakesh

Credit Card configuration

Hello,
Please help me to find out answers for the below mentioned questions. the details are:
1) Where can I provide Credit Card details of the Person who is travelling?
2) Need the configuration documentation of integration of procurement of goods in credit card with SAP. For ex: The traveller purchases one Mobile with the credit card. How I will treat that in SAP.
3) In PRCC, I am importing credit card data file. Could you please explain the detail checkpoints in SAP after the upload? For ex: after the uploading where those datas stored, etc.
Your efforts will be appreciate.
Thanks,
Padhi

Hi
Transferring Credit Card Transactions
Use
The credit card transactions supplied by credit card companies via data medium exchange are non-SAP data. You first need to transfer this non-SAP data to the SAP system. You can start the transfer of the non-SAP data from Travel Management using the Credit Card Clearing function.
Prerequisites
·        Credit card requirements
·        Data file requirements:
·        The credit card transactions must be provided in the data file in a fixed data record that has been specified by SAP. Some of the credit card companies that provide these data records have been certified by SAP AG. This provides you with the assurance that the files are supplied in the right format. If the credit card company you use is not certified by SAP, you are responsible for ensuring that the data is provided in the correct transfer format.
You can find more information about certified credit card companies on the SAP Homepage under Partners ® Software Partners ® Software Partners Directory (search for software category Travel Expense Management), or on SAP Service Marketplace.
You can find more information about credit card interfaces and a more in-depth description of the information file on SAP Service Marketplace.
·        Customizing for Travel Management
·        Process requirements for entering trips
Features
The credit card clearing report RPRCCC00 (Credit Card Clearing) reads the data records in the data file supplied by the credit card company. The credit card transaction data is already checked at this point. The data checks include:
·        Plausibility check of data records with regard to the structure expected by the system
·        Assignment of data records to the personnel numbers in the SAP system
·        Check of requirements for automatic processing
If the program can assign the credit card transactions to a trip (automatic assignment) and the system is set up to allow this, it creates a credit card document in the trip from the data in the credit card transaction. The program then saves this trip. At the same time, it saves the data record of the credit card transaction with the assigned trip number and the transaction number for the assigned personnel number in the INBEL table of cluster TC in the PCL1 database (storage for credit card trips added to trips). If the program cannot assign the credit card transaction to a trip, or if the receipt requires additional information, it saves the credit card transaction for the assigned personnel number in the receipt buffer (table CCBEL for cluster TC in database PCL1).
Cya
udayakumar

Credit Card functionality

HI,
Can any on tell me settings related Credit Card functioanlity and config settings related to SD module
Regards
Ajoy

dear ajoy
This is how you can configure for credit card payments
regards
swapnil
Set Up Credit Control Areas:
Define Credit Control Area
Transaction: OB45
Tables: T014
Action: Define a credit control area and its associated currency. The Update Group should be 00012. This entry is required so the sales order will calculate the value to authorize
Assign Company Code to Credit Control Area
Transaction: OB38
Tables: T001
Action: Assign a default credit control area for each company code
Define Permitted Credit Control Area for a Company
Code
Transaction:
Tables: T001CM
Action: For each company code enter every credit control area that can be used
Identify Credit Price
Transaction: V/08
Tables: T683S
Action: Towards the end of the pricing procedure, after all pricing and tax determination, create a subtotal line to store the value of the price plus any sales tax. Make the following entries:
Sub to: A
Reqt: 2
AltCTy: 4
Automatic Credit Checking
Transaction: OVA8
Tables: T691F
Action: Select each combination of credit control areas, risk categories and document types for which credit checking should be bypassed. You need to mark the field no Credit Check with the valid number for sales documents.
Set Up Payment Guarantees
Define Forms of Payment Guarantee
Transaction: OVFD
Tables: T691K
Action: R/3 is delivered with form 02 defined for payment cards. Other than the descriptor, the only other entry should be 3 in the column labeled PymtGuaCat
Define Payment Guarantee Procedure
Transaction:
Tables: T691M/T691O
Action: Define a procedure and a description.
Forms of Payment Guarantee and make the following entries Sequential Number 1
Payment Guarantee Form 02
Routine Number   0    Routine Number can be used to validate payment card presence.
Define Customer Payment Guarantee Flag
Transaction:
Tables: T691P
Action: Define a flag to be stored in table.
Create Customer Payment Guarantee = Payment Card Payment Cards (All Customers can use Payment Cards).
Define Sales Document Payment Guarantee Flag
Transaction:
Tables: T691R
Action: Define the flag that will be associated with sales document types that are relevant for payment cards
Assign Sales Document Payment Guarantee Flag
Transaction:
Tables: TVAK
Action: Assign the document flag type the sales documents types that are relevant for payment cards.
Determine Payment Guarantee Procedure
Transaction: OVFJ
Tables: T691U
Action: Combine the Customer flag and the sales document flag to derive the payment guarantee procedure
Payment Card Configuration
Define Card Types
Transaction:
Tables: TVCIN
Action: Create the different card types plus the routine that validates the card for length and prefix (etc)
Visa , Mastercard, American Express, and Discover
Create the following entries for each payment card
AMEX American Express ZCCARD_CHECK_AMEX Month
DC Discover Card ZCCARD_CHECK_DC Month*****
MC Mastercard ZCCARD_CHECK_MC Month
VISA Visa   ZCCARD_CHECK_VISA Month
The Routines can be created based on the original routines delivered by SAP.
*****SAP does not deliver a card check for Discover Card. We created our own routine.
Define Card Categories
Transaction:
Tables: TVCTY
Action: Define the card category to determine if a
payment card is a credit card or a procurement card.
Create the following two entries
Cat Description One Card Additional Data
CC Credit Cards No-check No-check
PC Procurement Cards No-check Check
Determine Card Categories
Transaction:
Tables: TVCTD
Action: For each card category map the account number range to a card category. Multiple ranges are possible for each card category or a masking technique can be used. Get the card number ranges from user community. Below is just a sample of what I am aware are the different types of cards.
Visa Credit Expires in 7 days.
    400000   405500
    405505   405549
    405555   415927
    415929   424603
    424606   427532
    427534   428799
    428900   471699
    471700   499999
Visa Procurement Expires in 7 days.
    405501   405504
    405550   405554
    415928   415928
    424604   424605
    427533   427533
    428800   428899
Mastercard Credit Expires in 30 days
    500000   540499
    540600   554999
    557000   599999
Mastercard Procurement Expires in 30 days
    540500   540599
    555000   556999
American Express Credit Expires in 30 days
    340000   349999
    370000   379999
Discover Card Credit Expires in 30 days
    601100   601199
Set Sales Documents to accept Payment Card Information Transaction:
Tables: TVAK
Action: Review the listing of Sales Document types and enter 03 in the column labeled PT for each type which can accept a payment card
Configuration for Authorization Request
Maintain Authorization Requirements
Transaction: OV9A
Tables: TFRM
Action: Define and activate the abap requirement that determines when an authorization is sent. Note that the following tables are available to be used in the abap requirement (VBAK, VBAP, VBKD, VBUK, and VBUP).
Define Checking Group
Transaction:
Tables: CCPGA
Action: Define a checking group and enter the
description. Then follow the below guidelines for the remaining fields to be filled.
AuthReq Routine 901 is set here.
PreAu If checked R/3 will request an authorization for a .01 and the authorization will be flagged as such. (Insight does not use pre-authorization check).
A horizon This is the days in the future SAP will use to determine the value to authorize
(Insight does not use auth horizon period).
Valid You will get warning message if the payment card is expiring within 30 days of order entry date.
Assign Checking Group to Sales Document
Transaction:
Tables: TVAK
Action: Assign the checking group to the sales order types relevant for payment cards
Define Authorization Validity Periods
Transaction:
Tables: TVCIN
Action: For each card type enter the authorization validity period in days.
AMEX American Express 30
DC Discover card 30
MC Master card 30
VISA Visa   7
Configuration for clearing houses
Create new General Ledger Accounts
Transaction: FS01
Tables:
Action: Two General Ledger accounts need to be created for each payment card type. One for A/R reconciliation purposes and one for credit card clearing.
Maintain Condition Types
Transaction: OV85
Tables: T685
Action: Define a condition type for account determination and assign it to access sequence A001
Define account determination procedure
Transaction: OV86
Tables: T683 / T683S
Action: Define procedure name and select the procedure for control. Enter the condition type defined in the previous step.
Assign account determination procedure
Transaction:
Tables:
Action: Determine which billing type we are using for payment card process.
Authorization and Settlement Control
Transaction:
Tables: TCCAA
Action: Define the general ledger accounts for reconciliation and clearing and assign the function modules for authorization and settlement along with the proper RFC destinations for each.
Enter Merchant IDs
Transaction:
Tables: TCCM
Action: Create the merchant ids that the company uses to process payment cards
Assign merchant ids
Transaction:
Tables: TCCAA
Action: Enter the merchant ids with each clearinghouse account

What fees/costs can you put on a credit card when closing on a home?

I am about to submit an offer on an investment property and would like to know what I can put on my card to get some rewards points. I believe the whole down payment is a direct wire from an account, but what other fees or costs associated with closing on a house can be paid with a card?

bhertz3 wrote:
I am about to submit an offer on an investment property and would like to know what I can put on my card to get some rewards points. I believe the whole down payment is a direct wire from an account, but what other fees or costs associated with closing on a house can be paid with a card?You get only one opportunity to use your credit card to pay expenses. At the beginning, after receiving the preapproval, my LO asked for the credit card number I'd like to use to pay for the application fee. The application fee was the appraisal fee in my case and they didn't charge my card until the appraisal was ordered. I don't see any other chances to use a credit card to pay for anything else. Only the accounts that is listed as your assets can be used to pay for downpayment and closing costs.

Itunes account activation - charge on my credit card

I created my itunes account and entered my credit card details to complete the activation process. Immediately, I was charged a certain amount on my credit card. I didnt download any app's. I removed my card details immediately. Any idea?

The same happened to me as well as I was charged more than 10 times for a "Friendcaller" which I have not procured.
I have deleted the card (as well as canelled it in the bank) and reported it as a problem.
It should iTunes (Appels) responsibility to stop fraud in their system as well as take back unjustified payments on clients accounts.

Charge on my credit card

there is a charge on my credit card for the game racing live 140 prestige
but the problem is:i did not buy this game??how can i have a refund

The same happened to me as well as I was charged more than 10 times for a "Friendcaller" which I have not procured.
I have deleted the card (as well as canelled it in the bank) and reported it as a problem.
It should iTunes (Appels) responsibility to stop fraud in their system as well as take back unjustified payments on clients accounts.

Views regarding single credit card approach

Hi All,
We are planning for a single credit card approach for the employee travel expenses and procurement of goods. Thus an employee would be given only a single card from company, for all the expenses. The credit card would be directly paid by the business and it wouldnu2019t be paid by employee.
You are requested to please suggest what are the pros and cons of having a single card against having two separate cards. Would also like to know what implementing issues do you foresee and in future how well the single card would be accepted by users?
Your views are appreciated.
Rakesh

From application point of view, In relation to single credit card, please note that if you plan to use the program PRAA for creation of vendor in FI from HR master data and payments then the standard solution only supports one credit card per employee anyway from IT009.
Other than that, if corporate credit card is stored this is taken as default from the HR infotypes or else the credit card data is taken and charged from infotype 0105 subtype 11
check the documentation here on credit card clearing.
http://help.sap.com/erp2005_ehp_05/helpdata/EN/f0/439f37ddeec857e10000009b38f889/frameset.htm
You would have to specify that all expenses are paid by company when you do expense and wage type configuration and remember that these credit card receipts cannot then be deleted in case of any problem.

Views regarding single credit card approach for expenses

Hi All,
We are planning for a single credit card approach for the employee travel expenses and procurement of goods. Thus an employee would be given only a single card from company, for all the expenses. The credit card would be directly paid by the business and it wouldnu2019t be paid by employee.
You are requested to please suggest what are the pros and cons of having a single card against having two separate cards. Would also like to know what implementing issues do you foresee and in future how well the single card would be accepted by users?
Your views are appreciated.
Rakesh

From application point of view, In relation to single credit card, please note that if you plan to use the program PRAA for creation of vendor in FI from HR master data and payments then the standard solution only supports one credit card per employee anyway from IT009.
Other than that, if corporate credit card is stored this is taken as default from the HR infotypes or else the credit card data is taken and charged from infotype 0105 subtype 11
check the documentation here on credit card clearing.
http://help.sap.com/erp2005_ehp_05/helpdata/EN/f0/439f37ddeec857e10000009b38f889/frameset.htm
You would have to specify that all expenses are paid by company when you do expense and wage type configuration and remember that these credit card receipts cannot then be deleted in case of any problem.

Single credit card approach

Hi All,
We are planning for a single credit card approach for the employee travel expenses and procurement of goods. Thus an employee would be given only a single card from company, for all the expenses. The credit card would be directly paid by the business and it wouldnu2019t be paid by employee.
You are requested to please suggest what are the pros and cons of having a single card against having two separate cards. Would also like to know what implementing issues do you foresee and in future how well the single card would be accepted by users?
Your views are appreciated.
Rakesh

From application point of view, In relation to single credit card, please note that if you plan to use the program PRAA for creation of vendor in FI from HR master data and payments then the standard solution only supports one credit card per employee anyway from IT009.
Other than that, if corporate credit card is stored this is taken as default from the HR infotypes or else the credit card data is taken and charged from infotype 0105 subtype 11
check the documentation here on credit card clearing.
http://help.sap.com/erp2005_ehp_05/helpdata/EN/f0/439f37ddeec857e10000009b38f889/frameset.htm
You would have to specify that all expenses are paid by company when you do expense and wage type configuration and remember that these credit card receipts cannot then be deleted in case of any problem.

Asset Procurement by Credit card

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