Down payment tax offset account

Hello Experts
We have a Down payment tax offset in GL Determination.I have mapped the same but there is no effect in this account while making AR down payment .I want to avoid tax will collecting down payment,.How can we manage?
Regards
Manoj

Hi Manoj,
Do you solved this issue yet ?
Regards,
Dwarak

Similar Messages

Issue with down payment tax cal and clearing it aganest vendor inv

HI,
I have an issue with down payment tax cal.
1.     I had configured withholding tax and raised down payment, tax has been cal
2.     In the next step I had raised inv, at this time also tax had been cal
3.     When I am doing down payment clearing the tax collected at the time of down payment had to be reversed but itu2019s not.
Can any one give me solution for clearing the tax that cal on down payment.
Thanking you.

Dear
Vendor master has got tax codes both at the time of payment and at the time of invoice. Hence system is calculating tds on both occassions.
Since you pay advance first tds calculated is right. Now while doing miro remove the tax codes manually and do miro/mir7/fb60.
If already MIRO/MIR7/FB60 done then reverse the invoice document and clear the tax GL accounts.
Regards

Down Payment in electronic account statement

Hello experts,
I have to involve down payment in electronic account statement.
We use the electronic account statement to book and balance automaticaly incoming payment from debitors.
But down payment requests from debitors (booked as noted items, special G/L indicator 'F' with transaction F-37 or VF01) aren't identified and automaticaly booked out.
However the noted items (special G/L indicator 'F') should be balanced and booked as down payment received (special G/L indicator 'A').
That isn't working.
In customizing is in line from posting rule already an F for special G/L indicator.
But it don't work for testing.
In addition I implemented the user-exit FEB00001 (EXIT_RFEBBU10_001).
So that I can define in this user-exit which posting rule should sap use, if it's a special G/L or not.
But it's very difficult to program because break-points don't really work in this user-exit.
Thanks a lot!

Hello
For each transaction code (MT940-BTC) you specify the corresponding interpretation algorithm.
For Orbian business processes this is almost always algorithm 015, as this enables the subsequent clearing on the interim accounts (per assignment number and SAPF124). The following business processes are exceptions to this:
Discounting an OC (No. 3 in the table)
Receipt (incoming payment) of an OC (No. 6 in the table)
For these you can use algorithm 001, for example.
Reg

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 with multiple account assignment PO

Dear Experts,
While posting down payment request through transaction F -47 with
reference to purchase order we are getting below given error.
In that purchase order we have given
multiple account assignment i.e. multiple cost centers (e.g. Cost center A 50% cost center B 10% Cost Center C 40% i.e. distribution by %)
but
system is flagging message
Item 00010 of purch. document 4500024875 contains no suitable account
assignment
Message no. ME717
What will be the possible cause?
regards,
Abhijit

Hi,
In the request f-27 tr.code give the purchase order which item you want to give ie., for above said example 10 is a line item of 4500024875 - purchase order and beside you have to mention
10(lineitem) 4500024875 (purchase order) 2009 (year)
and system will take that request against the above purchase order.
Regards,
satish

Cancel down payment Invoice and accounting document without lines item

Dear masters,
I have a problem with down payment invoice cancel. As you know when doing invoice down payment request, after release to accounting, the accounting doc will have special G/L indicator is F (noted item). And when I cancel this billing down payment and after release to accounting, the accounting doc of cancel invoice will not have any lines item. Now I want to have lines item for cancel down payment, how can I do that? I really appreciate your support!
Regards,
Nguyen Pham.

Dear Nguyen,
As i understand your process you created Downpayment Request from SD.
Then created Downpayment with reference to that request.
Then you generated Billing invoice and released to accounts.
After that you cleared the downpayment with the Billing document.
Now you want to cancel all this.
First cancel the downpayment by FBRA reset and reverse.
Then cancel the billing document.

Down Payment Final invoice accounting document split

Dear All,
We are using Milestone Billing and after posting the down payment request, while creating the final billing the Sales order line item and the down payment settlement line items are appearing. After successful creation of the final invoice the accounting document generated with 7 accounting lines. First 3 accounting line item related to final invoice and the last 4 lines are the downpayment reversal posting.
Now our requirment is instead of single accounting document 2 accounting document is required. One for Final invoice and the other one for the down payment. Please suggest us what are the customizations required to activate this.
Kind Regards,
Madhan.

Have a look at the following note
Note 1908168 - FBCJ: error FF848 for down payment
and if need, carry out the corrections as recommended in the note after checking with your FI consultants.
G. Lakshmipathi

Down payment clearing while accounting invoice itself

I came to know that, down payment clearing for the vendor is possible while accounting the invoice itself. Probably this function is available for SAP recent release of EHP.
Can anybody have an idea, please reply.
This function needs in MIRO
Edited by: BSR on Nov 8, 2009 11:27 PM

Hi,
At the time of entering the invoice from MIRO/FB60, system gives a pop-up for downpayment clearing. If you go in the help, the following thing is mentioned in the part Procedure.
Procedure
Check whether a transfer posting or a clearing of special G/L transactions (for example down payments) is necessary after you have posted the present document.
Here SAP has clearly mentioned that we can do the clearing after posting of this document.
Regards,
Amit
Edited by: amit kulkarni on Nov 13, 2009 2:53 PM

Down payment (B/S account) assign to IO

Dear Experts,
We've created an IO, and assign budget $ 1,445,000 to the IO.
In F-43, we created the following entry.
Dr. down payment (vendor)--- $ 1,440,000 (B/S account) assign to IO
Cr. AP (vendor)*--- $ 1,440,000
For system instruction, if we want to B/S ac link to IO, we need to set a default cost element for credit payments in OKEP.
After posting, we didn't see any budget credit change in IO. (budget credit not reduce)
What's the meaning of OKEP setting? ( the value is not relevant for availability control)
How do we do if we want Dr. down payment (vendor)--- $ 1,440,000 (B/S account) assign to IO related for availability control and reduce budget credit?
Thanks in advance.

Hi AO
I dont think that is possible
OKEP settings are useful in the case of project systems (PS Module) as far as I know... With IO, you cant update down payments into IOs
Regards
Ajay M

Down payments (One recon account mapping to different special recon account

Hi,
       I'm stuck in configuring special gl indicators for down payments for vendors.
we have one recon account for vendor and there are 6 different gl for downpayments.
but the down payment request takes in only one combination of recon and special gl
Ex: U - 20000(A/P) - 14100(Prepayment - Rent)
      T - 20000(A/P) - 14102(Prepayment - Asset)
      M - 20000(A/P) - 14104(Marketing)
I was able to configure special gl indicator for down payments but the down payment request "F" is the same for all the special GL (U,T&M)
when the down payment request is made its show one account for all the special Gl indicator but on payment appropriate its posted in correct account.
This was causing lot of confusion to the user. Please suggest away to get around this.
Secondly there is Accrued Liabilities accounts how this should handled.
Thanks for your support
Regards
Kalyan

Hi Dominic,
         It not allowing to create another noted item indicator other than F (Error MSG; Down payments and noted items not possible for special G/L indicator I)
Thanks for your time and support
Regards
Kalyan

Down Payment Accounts

Hi everybody,
following up to my thread "G/L Account Determination - meaning of accounts" I precise my question regarding the down payment accounts in this separate thread.
I've made several simulations of Down Payment Processes on a demo database (using Down Payment Requests as well as Down Payment Invoices). In order to understand the automatic journal entries created by this two operations together with the posting of incoming payments I recognized that the system only used the Down Payment Clearing Account and the Down Payment Interim Account (taken from the customer's master data) but never used the Down Payment Receivables. My question is under which circumstances the system needs the Down Payment Receivables.
My second question concerning this is:
Down Payment Tax Offset Account (Is it a separate tax account for Down Payments - If so It can be theoretically the same account that will be used for output taxes on conventional A/R invoices?)
Thank you for your help and best regards
Greg
Edited by: gregAT on Feb 16, 2012 6:52 PM

Hi Greg,
In USA localization, they don't have this account (Gordon already point this out).
In Indonesia here, we always use Australia / NZ localization and regarding this down payment receivable, we also have this option in Australia / NZ localization. I also have database with Singapore localization, and they have this option also.
Now, as far as I know, no document posted that will automatically result in journal entry posting to this account. If you're wondering then why this option exist at first place, the answer is this : based on my experience, not every setting in SAP B1 had an impact pertaining to automatic journal. Some of the account setting only serve as a field to contain information, not necessarily related to automatic journal.
That being said, personally I think this field existed to stored the information if you want to maintain control account for down payment invoice based on this particular customer
Let me give you an example:
You have customer = C001 - ABC Company
You set the Account Receivable (in tab Accounting) = 113001 - Trade Receivables
You set the Control Account - Down Payment Receivable (also in tab Accounting) = 113009 - Receivables Down Payment
You set the Down Payment Clearing Account = 253001 - Advance Sales
If you create an A/R Invoice, the following journal should created:
Dr. 113001 - Trade Receivables
Cr. 241001 - Tax Payable
Cr. 411001 - Revenue
As you can see, above action will result in posting to 113001, as your setting of Account Receivable.
Now, if you create an A/R Down Payment Invoice, the following journal should created:
Dr. 113001 - Trade Receivables
Cr. 241001 - Tax Payable
Cr. 253001 - Advance Sales
As you can see, SAP still post the A/R to 113001. However, if you want to separate the receivable created from A/R Invoice from A/R Down Payment Invoice for particular customer, you could change the account from "Accounting" tab in A/R Down Payment Invoice document, "Control Account" field. There you can amend the control account to 113009 for instance.
Therefore, your journal posting of the down payment invoice should be like this:
Dr. 113009 - Receivables Down Payment
Cr. 241001 - Tax Payable
Cr. 253001 - Advance Sales
Don't ask me why we still need to amend this manually if we already set the control account in business partner master data
Maybe in future version we could post to this control account if we already set it in customer master data. But, for this moment, it only contain the account information with no impact of automatic posting.
Best Regards,
Hendry Wijaya

AR down payment request

Hi,
I get the below error when I have try to create AR Down payment request. I have assigned 'Down payment clearing Account' under the tab general and 'Down Payment Tax offset Account' in tab tax for both sales and purchase in G/L Account Determination.
"Down Payment Receivable/Payable account was not defined "
Have I missed some thing?
Regards,
Mohan

Hi
Usually we define the G/L account under the
Modules: Setup-Financial - G/L account determination window.
For the AR downpayment request we
define the Down Payment Receivables account under the Sales Tab-General Tab-
Account receivables.
Then when we create new BPs , the account settings will be copied to the BP master data
automatically.
So please check the account settings for
both the acccount determination window
and the BP accounting tab.
Hope this can be helpful
Best Regards
Helen Sun

Customer Down Payment request inclusive of Tax

Hello SAP Experts,
I have following requirement for down payment request scenario.
Current AS-IS situation
Sales order (VA01) ---> Prepayment Order ( VA01) --> Down payment request / Down payment Invoice ( VF01) --> accounting document of VF01
100 Rs. Net 100 Rs. Net 100 Rs. Net
20 Rs. VAT ------> 20 Rs. VAT ---------> 20 Rs. VAT ---> 100 Rs.
in this accounting document entry is happening as noted item with
DR. Customer Account ( net amount without Tax) 100
.so, after this step, I can see in FBL5N as 100 Rs. as open item for customer
TO BE Scenario
my user needs that at this step, posting should be
Dr Customer A/C - 120
Cr. customer down payment - 100
Cr. Tax - 20
can you please suggest and give your input in order to how can we achieve this.
Thank you for your input.
Regards,

Hello Jignesh,
Just a design level suggestion for your requirement.
You are looking to have a system that calculates tax during DP invoice.
Create a new Item category which has 'Billing Plan' tab enabled at Item level. Check with Abap'er to bring a custom field (check box) saying 'Tax on down payment'. Here the posting schema needs to be defined (like which account needs to be used for tax posting and its PK and D/H indicator and use some FM for tax calculation and check for zero balancing, etc.,.)
Then whenever the check box is ticked, and the Billing is performed for the DP invoice, then enable the system to calculate tax amount based on the tax classification & tax defined for the SO using the so called code written in routine or user exit. Now, the tax calculation can be achieved.
This is purely a custom suggestion (nothing to do with standard SAP). Sorry i couldnt able to provide much of a technical solution for your requirement . But still this is achievable and i worked some years back on the same.
BR, D'nesh

Account 'Acquisition: down payments' could not be found for area 01

Hi,
In our PO there is a 8 line items. We want to create GRN by taking 2 line items at a time. It is Asset's PO and GRN. During GRN we select two line items check box including item OK check box. Click on Check button which shows as green signal. Click on POST button it shows error message as " Account 'Acquisition: down payments' could not be found for area 01". But previously lot of GRN were passed through this asset's GL account. But in asset accounting account determination is still exist against this asset. What is the probable solution ?
Regards,
Samrat

Hi Venkat,
I want to clarify one thing this 'Acquisition Down Payment' for asset accounting is required for account allocations which are used in asset classes for assets under construction. But It is not an asset under construction. No GL account was maintained against this Acquisition Down Payment before the issue raised. Lot of entries were passed through the same GL account before. What is the reason for asking this type of GL account ?
Regards,
Samrat

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

Down payment tax offset account

Similar Messages

Maybe you are looking for