Advance Payment or Pre payment or Down payment with Sales and Distribution and FICO integration
What you’ll learn
- Sap advance payments introduction.
- System pre setup configurations till order to cash.
- 1st method condition based, High Level process of Down payment process and sd.
- High level down payment condition types brief and routines.
- Must required Finance settings.
- 1st Method Advance or Down payment Transactional process against order to cash.
- 2nd Using Billing Plan and configuration set up.
- 2nd Method of Advance or Down payment Transactional process against Sales order.
- 3rd Method and conclusion fi direct postings.
Course Content
- Introduction –> 9 lectures • 3hr 3min.
Requirements
details of course content as below follows
Sap advance payments introduction
System pre setup
1st method condition based, High Level process of Down payment process and sd
High level down payment condition types brief and routines
Must required Finance settings
1st Method Advance or down payment Transactional process against order to cash
2nd Using billing plan and configuration set up
2nd Method of advance or down payment Transactional process against Sales order
3rd Method and conclusion fi direct postings
Advance receipts from customers need to be shown as liabilities on the balance sheet. In order to support this requirement down payments received are posted as special general ledger (gl) transactions. An alternative reconciliation account is required to post such transactions. When a down payment is received from the customer the system updates the alternative reconciliation account instead of the standard Account receivables reconciliation account.
To facilitate the recording of the down payment as a special gl transaction, a link must be created between the standard reconciliation account and the alternative reconciliation account. To create this link, use transaction code obxr
he process begins when the advance payment is received from the customer. Post the advance receipt as an accounts receivable down payment
and many more details find in actual course practical content with slide and presentation