Third Party Net off

Question

Hello
The requirement is such.
One company code has a vendor and another has a customer who owe each other. Both these companies come under the same group. How can the netting off happen between the customer and vendor without the companies having to pay them.
Any ideas.

Answer 1

Chetan Mahapatra,
If you require clearing between the customer and vendor, the following requirements must be met:
1. The customer number must have been entered in the corresponding vendor master record.
2. The vendor number must have been entered in the corresponding customer master record.
3. The fields "Clrg with vend." or "Clrg with cust." must have been selected in both master records (this is Payment transactions accounting data screen -> Automatic payment transactions section).
So that it  net off take place when you run F110.
In T-code F-53
select all options as per the vendor payment
and select vendor acc no andother account check box where u assign the vendor account no
enter, there u get a pop up square box
assign the customer account and select "D" and check box
select yes,enter.
select the open items
execute.
Thank you
Anil