Retainage of certain amount of Total payment to be made to vendor

Hi MM gurus
I need to configure with the below requirement, can someone through light on it please
1. Retainage of certain amount of Total payment to be made to vendor
2. Separate Tax ID for Vendor

Dear Lakshmi,
Retention money is that part of the invoice of a vendor, which is not paid to the vendor until some pre agreed conditions are satisfied.
For example, a vendor may suppy a machinery and as per the terms, 90% of the amount would be paid and the remaining 10% would be paid say after 6 months after satisfactory commissioning of the machinery.
The retention money concept is used in Accounts Payable and can be configured with the help of "terms of payment"
You can use the Terms of payment to acheive this requirement.
Go to Transaction code OBB8. Create a new terms of payment say Z001, which has the "Installment Payment" ticked.
Now create two more terms of payment Z002 and Z003. Here mark the "Payment Block" (A or B) for the terms of payment Z003.
Now go to OBB9, fill as below
Z001----- 170-----Z002
Z001--230-----Z003.
Now at the PO stage, make sure that the terms of payment is Z001.
At the stage of the invoice verification, the entry would be
Expense A/c Dr 1000
To Vendor A/c 700
To Vendor A/c 300 ( This would be with a payment block)
At the time of automatic payment, this Rs.300/- will not be selected unless we remove the payment block.
Regards
Venkatesh
PS: Assign points if useful

Similar Messages

1. Retainage of certain amount of Total payment to be made to vendor

Hi gurus
can someone help me to configure the below scenario please
1. Retainage of certain amount of Total payment to be made to vendor
Thanks

Dear Lakshmi,
Retention money is that part of the invoice of a vendor, which is not paid to the vendor until some pre agreed conditions are satisfied.
For example, a vendor may suppy a machinery and as per the terms, 90% of the amount would be paid and the remaining 10% would be paid say after 6 months after satisfactory commissioning of the machinery.
The retention money concept is used in Accounts Payable and can be configured with the help of "terms of payment"
You can use the Terms of payment to acheive this requirement.
Go to Transaction code OBB8. Create a new terms of payment say Z001, which has the "Installment Payment" ticked.
Now create two more terms of payment Z002 and Z003. Here mark the "Payment Block" (A or B) for the terms of payment Z003.
Now go to OBB9, fill as below
Z001----- 170-----Z002
Z001--230-----Z003.
Now at the PO stage, make sure that the terms of payment is Z001.
At the stage of the invoice verification, the entry would be
Expense A/c Dr 1000
To Vendor A/c 700
To Vendor A/c 300 ( This would be with a payment block)
At the time of automatic payment, this Rs.300/- will not be selected unless we remove the payment block.
Regards
Venkatesh
PS: Assign points if useful

Calculation of change amount for cash payments via cash desk, release 602

Does anyone know how to get the change amount to calculate for cash payments via cash desk?
I am only able to enter the amount in each payment type tab and then the payment amount in the summary. The total of the individual payments must add up to the summary payment amount or I get an error.
How then if a customer wants to pay $20 towards their account and they give me $50 in cash, do I get the change of $30 to display?
Any assistance would be appreciated as the old version of cash desk had a "given" and "back" field that no longer exist.

Was not an error, just using the fields the wrong way around. So enter the amount received in the seperate tabs and the amount that is being paid to the account in the summary payment amount field. After you hit post, the change field is filled.
Is another issue though as if pay by multiple payment types, system allows you to give change greater than the amount of cash received. This should not occur as people could use this process to cash for cheques or credit card payments. Especially an issue as cheque could be returned.

Seperate GL account for rentention amount using Instalment payment?

We have an interesting issue, our client is having a requirement regarding installment payment. Please find below the scenario. We hope to get some ideas in this regard.
We are using payment term with settings for installment payment.
Example: Payment term Y001 Installment payment, Y002 Installment payment 90% and Y003 Installment payment 10%.
Invoice Amount : 1000
90 % outstanding for immediate payment : 900 (to be accounted in Vendor reconciliation account)
10% retention till tax certificate produced : 100 (to be accounted under separate retention GL account)
While posting invoice through MIRO & FB60, our client wants to split the amount in to two parts 90% outstanding to the Vendors and retain 10% of the invoice value till the tax returns certificate is produced. Presently Amount splitting is made to take care of this using a payment block in payment term Y003. This helps in retaining 10% of the amount till the tax paid certificate is produced.
Postings are happening with the split amount, to the reconciliation account maintained for the Vendors. This is presently showing the total payables towards vendors. But for statutory reporting purpose, we now need to maintain a separate GL account for the retention amount. This is again required to be a Vendor reconciliation account for control over outstanding amounts with respect to respective vendors.
We are exploring different alternatives to get this done. Please advice if you have come across any such scenario.
Thanks in Advance.
Regards,
Viswanath

I understand when you use your Installment payment term, system must be posting two lines for vendor i guess must be like;
Expense                      Dr.   1000
     Vendor                                     Cr. 900
     Vendor                                     Cr. 100
Ok eventually both 900 and 100 goes to the same GL (Reconciliation)Account but your client wants that the 100 should goes to other GL accounts.
One of our collegue in this forun has answered you to use Special Gl Indicator, the solution upto some extent ok but i guess you will loose the automation of amount splitting which 900 and 100.
So i would advice you the following;
Create one Retention Reconciliation Account
Configure Alternative/Reconcilation Account in the IMG ( This config allows you to change reconciliation account while posting invoice )
So at time when you simulate your accounting entry double click on 100 line and manually enter the retention GL Account. I guess the solution is manual and painfull but if special gl indicator can be used with automation then you must go with that
regards,
FICO

The amount of down payment must be less than the invoice amount

Hi all,
Our customers are using SAP 2007-PL15 and SAP 2007-PL41.
When we want to create a down payment for a sales order, and we want to pay the entire amount of the sales order, including tax, we have to put an amount inthe TOTAL field of the Down Payment window since by default, the down payment amount is the total of the invoice before applying tax. The DPM is
higher than 100% (strange but I think it's normal since the down payment is not planned to take the tax in consideration).
Then, we create an incoming payment for this down payment. It's ok.
Then, we create an invoice based on the sales order we have paid with the down payment. It's impossible to use the down payment for the invoice... why that ? We receive the error 'The amount of down payment must be less than the invoice amount'. This causes big headaches to our customers !!
Could you explain us what to do please ?
thanks,
Luce

I'm very sorry, I have a similar question in dealing with AP Down Payment Request Linked to AP Invoice, my case like this:
1. I created 3 AP DPRs,their amount are each 100,000 RMB(for example, their document number are 10,11,12). then do the outgoing payment fully paided.
2. I created a AP Invoice with the amount 150,000 RMB(for example, this AR Invoice document number is 5). I use the buttom"Total Down Payment",and selecet AP DRP No.10 and 11. When I click the buttom"Add",an error shows:
The amount of down payment must be less than the invoice amount
and I don't know how to continue.....
Many Thanks
Kam
(PS:My English is poor,forgive me please. Shall I Speak in Chinese? then I can describe this question more clearly.)

F-48 - Withholding tax amount exceeds total bank line item amounts.

Dear all
In F-48 i am getting following error msg,
Withholding tax amount exceeds total bank line item amounts.
Message no. 7Q320
All Config settings or ok.
Kindly suggest with suitable solution.
With thanks
Jai

Dear,
Select Relevant to cash flow field for Bank GL you are using for making down payment.
Regards,
Chintan Joshi
Edited by: Chintan Joshi on Jan 21, 2010 10:21 AM

Withholding tax amount exceeds total bank line item amounts

Dear Sir,
While I am trying to make down payment to the WHT vendor I have found the above error. Can anybody help. I am not giving any base amount in WHT information while down payment. It is picking automatically tax code P9. I am trying to post the down payment 10000/- and P9 tax code amount is 2.266%.
BSR

HI,
If the Error is 7Q 320 'Withholding tax amount exceeds total bank line item amounts'
then follow
Kindly check in the relevant bank GL account master whether you have
activated the field "relevant to cash flow" in the create/bank/interest
tab in the GL account master FS02. Also refer the SAP Note 198368.
Reg
Madhu M

Total payment due calculations in PO

Hi,
Can anyone tell about the calculations involved in total payment due,tax,freight, discount and total before discount in PO?
waiting for ur hopeful answers.......

Hi Chindu,
You can find the
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And you want full details about TAX then reffer POR12
table.
Freight : suppose you want only Freight amount then please reffer OPOR table (i.e TotalExpFC)
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POR3 table.
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Hi All,
I have a requirement like - We need to process the batch payment based on the Value of the Invoices accounted in system.
Any single/consolidation of invoices for value exceeding Rs 50000/- needs to be processed through separate batches under T Code F110
Vis-à-vis any single invoices whose value is less than Rs 50000/- also needs to be processed through a separate batch. The system should list out all the transaction based on the Value of the Invoices covering Rs 50000/- under T Code F 110
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Kindly help
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Mercy

Dear,
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TDS amount deduct on payment to vendor

Dear Expert,
i have done extended withholding tax configuration but i have faced problem when i use T.Code F-48 of vendor outgoing payment
TDS amount does not deduct payment but document is generated. requirement of customer TDS Amount deduct on payment.
Thanks & Regards.
Shailesh

Dear Expert
i have check it but every thing is fine when use t.code f-48 amount should not be deduct but when i use T.code F110 TDS amount automatically deducted . question is that why should not deduct on TDS in t.Code F-48.
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Shailesh.

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Hi All
Scenario 1 - Backdated starter
Employee has started in 01.04.2010 updated on the system in 01.05.2010.
May pay run retros for April and May.
/101 = Basic pay for April 2010 + Basic Pay for May 2010
/552 = Basic pay for April 2010
Scenario 2
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Employee record has a retrospective payment against WT 2525
May pay run retros for April and May.
/101 = Includes the 2525 payment for May 2010 only { i want it to be Includes the 2525 payment for April 2010 + May 2010 }
/552 = 2525 payment for April 2010
I am deriving my total payments from /101 for payslip
for which I need Scenario 2 to work the same way as Scenario 1.
How do I acheive it?
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Note: I use HRFORMS not PE51
Many Thanks
Sriram

I am not sure why in your sceniaro /101 is the sum of April + May. Typically, /101 is for current period only and /552 for retro difference. So the total payment is alway /101 + /552

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Hello All,
I am looking for a report which has to provide me the total payments made to the vendors for a specified period.
Some one please help.I have tried with FBL1N but of no use.
Thanks,
Bala

HI
B K
You can directly go to
-Easy access screen
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-Account payable
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Vendor acc ---
company code--
fiscal year -
select execute button
triadhnaidu .a
Edited by: trinadhrao althi on Oct 7, 2008 11:38 AM

Retainage of certain amount of Total payment to be made to vendor

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