How to raise a document when Post dated Check given in Advance to Vendor
If I am purchasing some material by cash in advance then I will raise a A/P Down Payment Request. If I purchase some material by a post dated cheque after one month from the delivery, How can I post this transaction? Please let me know How this happen. Thanks
Upto my awareness, the post dated cheque option is currently not available in Indian Localisation.
Recomended: Do check with your India LPE for latest information.
In case of post dated cheque you can post outgoing payment (base document may be a Downpayment Request/Invoice/ AP Invoice/ JE whichever as per your business process) with future posting date, the journal entry will be posted in the future posting date thus not effecting the current account balance as on current date.
Note: This is a workaround and please check the validity and acceptability of this transaction with your company accountant.
Regards
Satish
Similar Messages
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Print post-dated checks given to vendors
Hello experts,
I have this issue. My client pays many of his vendors with post dated checks. They use f-43 to post this payment by using posting key 39 and special GL W. They want while posting the payment after saving to be able to print the receipt and the check without changing the GL accounts, posting keys, GL indicator. How do I configure that? I know about FBZP and F-58 but it doesn't work the way I want. For example I use f-58 for pay an invoice. When I display the document that has been created for the payment I get posting key 50, bank account and 25 vendor. I want the posting key 39 with gl indicator W because it is a check which is goin to be cleared in the future. Another problem that comes is that when using f-58 where do I post the cheque's expiration date?
Can someone enlight me? I ve never had that scenario before and I would appreciate any help.
Regards,
KatiaHi,
For posting through F-58 using Sp. GL. Ind. W, if you treat this as down payment because Entries will be as
Vendor Dr (W)
Bank Cr
too achieve this, you dont need to select or activate any invoice, just go to overview screen, there you can give SP. GL. Ind W and Posting Key 29.
Regards
AJ -
How to clear the Payment Document when posting cashed checks.
AIM: To clear the payment document when the check is cashed.
I am creating a Payment Document (Doc type ZP) using fb01. Then I am creating a check against this payment using FCH5. Once check is created, I am posting cashed check using FCKR upload. FCKR is working fine and marks the check as cashed.
ISSUE: The FCKR is working correctly and the check is being marked cashed in FCHN. But if I click the Accompanying document and click on payment document, the payment is still open. Why is this? How do I clear the payment doc?
Please advice.Hi,
By using T code F-03, you can manually clear the open entries in GL account, if that GL account is open item managed in GL Master.
Thanks and Regards
Binoj M D -
Error message KI248 on delivery document when posting goods issue
Hi,
On the delivery document, when posting goods issue I get the following message:
"Account 60700000 requires an assignment to a CO object
Message no. KI248
Diagnosis
All given account assignment objects (order, project) are defined as statistical.
System Response
Statistical orders or projects are ignored when FI and CO are reconciled. You must enter a cost center, order, project, or cost object to which the costs are posted for CO postings.
Procedure
Enter a cost center, an order, a project, or a cost object that is not statistical. The posting row affected is 000 and the account is 60700000."
On the sales order I have a statistical order.
CO-PA is active, cost element 607 is included in PA transfer structure.
I also tried with cost center allocation in OKB9.
60700000 is defined as a cost element (category 1).
Any suggestion could be helpfull.
Thanks,
LaviniaHi,
Thank for your answer.
I tested with element cost category 12, it's working, but not the way I need: I don't have any value on the cost center.
When I don't have statistical order in sales order, the sistem it's working exactly how I need: the costs are posted on cost center and the VPRS condition is transfered to CO-PA on profitability segment.
Anyway, I finaly make it work with a cost center substitution.
Lavinia -
Dear Forum,
What is the standard procedure in SAP to deal with Post dated checks in SAP. What necessary configuration is required? Out of hundred PDCs received from customer daily 20 gets bounced. How this can be catered in SAP . Please guide.Hi Zoaib,
The basic configurations required would be creation of special gl indicator and new payment method.
Also you can check the status of the same in the below menu
Accounting > Financial Accounting > Accounts Receivable > Information System > Account > Bill of Exchange List
or the bounced cheques you can either post another entry to debit a/r open item and credit the bounced cheque or you can reverse all the documents.
For details please refer to the below link :
http://help.sap.com/saphelp_470/helpdata/en/7e/824f391a780275e10000000a114084/content.htm -
Post Dated Check Process for Vendors
Hi SAP Gurus,
I need to know the process of Post Dated Checks where my client want to issue the PDC based on pro-forma invoice (which will send it against Purchase Order) and the vendor will sent goods against pro-forma invoice and once received goods from vendor that PDC check will adjust in invoice payment.
Please Help me how to do this process in sap.
Thank you in advanceHi Dwarakanath,
You may check this: Incoming Payments Report
Thanks,
Gordon -
Reg.Post dated checks deposit
Hi all,
I am using SAP B1 2005B version PL40.In this version i am unable to found Post dated check Deposit entry.But i found the same in the Help Files.
First Tell me is there Post dated check deposit Entry option available in SAP B1 2005B.If its there means how to enable it.
Thanks in Advance,
M.Badrinarain.If you are refering to the option:
Option 1: Open post dated checks window in General Settings->Services (or)
Option 2: Post Dated Deposits functionality in GL report expanded option
Upto my awareness, the post dated cheque option is currently not available in Indian Localisation.
Recomended: Do check with your India LPE for latest information.
In case of post dated cheque you can post outgoing payment with future posting date, the journal entry will be posted in the future posting date thus not effecting the current account balance as on current date.
Note: Please check the validity of this transaction with your accountant.
Regards
Satish -
HI EXPERTSS,
Is this possiable that my client give the post dated check to there vendor?
and trace the checks when perticular check have cashed by vendor..
is there any way to give him alert for the same?
JRAJPUTHi,
You can pay your vendor with postdated check. Just enter later due date of your check. In the General settings, choose option that enabled system check of particular postdated check that had been on it's maturity date. And every time you logon to SAP you will be prompted that there are postdated check that need to be posted. Just cross it check to your bank statement whether this check already been cashed. If yes, post your check and it will credit your bank account.
Cheers
NOTE: B1 came with online help (F1). First try to read it, you'll find it very helpful. -
Post Dated Checks from Customers
Hi Friends,
Is there any mechanism in SAP to maintain post dated checks received from customers on receivables.
if so pls guide me.
regards,
shashi kanthHi
In FI, you cannot deal with PDC. The way around is that, you create a new Special GL Indicator as a noted item for Customer Accounts. When you recieve the PDC, post it as a noted item to customer account. On the day, you bank it, post the Cheque as a normal customer recievable and reverse the noted item.
Thanks & Best Regards
Sanil K Bhandari -
Post Dated Checks Funtionality in SAP B1 8.81
Hello experts
is post dated checks functionality available in SAP B1 8.81 version.?
thank
TomesHi
check below
Post Dated Cheque for Outgoing Payment
Post Dated Cheque/Credit Card Deposit
POST DATED CHECK
Post dated cheque issue show internal error in the status bar
Edited by: Deepak Tyagi on Sep 28, 2011 2:22 PM
Edited by: Deepak Tyagi on Sep 28, 2011 2:43 PM -
PDC (Post dated Checks) functionality in FICA
Hi All,
Could you anyone please tell me if we have post dated checks functionality in FICA. If yes, Could you lease tell me me config steps and other relevant details.
Regards,
LalithaHi
check below
Post Dated Cheque for Outgoing Payment
Post Dated Cheque/Credit Card Deposit
POST DATED CHECK
Post dated cheque issue show internal error in the status bar
Edited by: Deepak Tyagi on Sep 28, 2011 2:22 PM
Edited by: Deepak Tyagi on Sep 28, 2011 2:43 PM -
Would anyone know how long unlock codes takes when case number is given?
would anyone know how long unlock codes takes when case number is given?
Since you get unlock codes from your Mobile provider can take anywhere between 24-72 hours. at most. sometimes longer. Call your provider.
-
Hi experts, I need guidance or the way how we can raise mail,
When ever the new item is added / updated / deleted / cancelled to a calendar list in SharePoint 2010.
Shall we achieve it through using SharePoint designer 2010.
If its help to fix the requirement.
Thanks and Regards,
Dhayanand Kalimidi>I need to send the mail before 1 week from the date
This is different requirement. Initially you said you want send email when item is added / updated / deleted in list. For this you can use default alert to send instant email as suggested before.
Now if you want to send reminder email then you can use designer WF and calculate the due date by using variable. Refer this link for your ref:
http://mysharepointchronicles.wordpress.com/2012/11/05/sharepoint-list-with-workflow-email-reminder-set-to-send-30-days-from-created-date/
http://social.msdn.microsoft.com/Forums/sharepoint/en-US/3211ee00-92de-47f1-b611-4c9609f92ab7/how-do-i-set-sharepoint-2010-to-send-a-reminder-email-a-month-after-a-date-already-listed?forum=sharepointdevelopmentlegacy
Remember event receiver can not send reminder email or scheduled email so for this either use designer WF or create timer job.
Hope it could help
Hemendra:Yesterday is just a memory,Tomorrow we may never see
Please remember to mark the replies as answers if they help and unmark them if they provide no help -
I have tried to open them as attachment to an email, and also as a file in my Adobe Reader XI file...same message "There was an error opening this document. Access denied." This began very suddenly--like something was 'turned off' in the system.
Funtbird1963The message means that a file which is needed to run Adobe Reader has been locked by the system. So it isn't exactly that Adobe Reader is turned off, but the effect is the same.
Something to try. Can you start Adobe Reader from the START menu in the normal way? If you can, are you able to use Open from the File menu to open a PDF? -
Hii All,
We want to issue PDC through F110 agt vendor invoices in Next Fiscal Year ie 2009 but when we run payment in f110 it issues a message Payment run carried out & do not post any entry.In log it shows a message no ranges for Fy 2009
Now my question is this if we create number ranges for 2009 & issue PDC through F110 what are the implications of this as it will post document in next financial year,will there be any problem in balance carry forward or in balance sheet.
Note:we have opened FY 2008 to 2009 period 1 to 12 in OB52.
Regards,
D RANAHi Deepak,
I understand the logic you have given regarding the vendor invoices you have mentioned, but I can only think of an Invoice as of today and the payment in future. In case, you are posting an invoice in future date or Next Fiscal Year, this invoice is posted in anticipation of supplies from vendor. Now, when the invoice is created, the material supplied also comes into picture. I mean, there should be a check to know when is the material supplied by the vendor. If the material is delivered in the current year, the accounting entry has to be passed in the current year and you have to create provision for payment to the vendor under the accounts payable account. When the vendor is paid in the next fiscal year, this entry can be reversed. In such a manner, the accounting part of it is never disturbed. One more aspect here is with regard to the Closing Stock / Inventory in the Stores. If the material is available in the stores, in line with the vendor invoice, the closing stock as of Year end would get affected accordingly. In case, this gets converted into Sales, the Profit goes up, but at the same time, since the cost involved in buying these goods has not been accounted, this will not show correct figures in the financial statements (P&L A/c and B/S) as of year end.
But if the delivery of material is not coming into picture in your case, I believe, there should not be any problem in creating such invoices.
Now coming to the main query regarding PDC, I can think of the PDC's which are paid for a loan taken and which are recurring (monthly, quarterly, etc). For such a scenario, the standard print program RFF* should be changed according to individual needs. However, as I mentioned earlier that the payment date in check information (PAYR-ZALDT) is always filled from REGUH-ALDT which is always equal to the posting date of the payment run (F110C-BUDAT). Hence, as per this standard logic, whenever you post a document (can be in future) the payment run will gives you the same date.
Thank you.
Suresh Jayanthi.
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