How to create customer advance against Invoice.

[Former Member]

Hi

I have one scenario.

Unit Price = 2,25000

B.E.D = 18000

Cess = 540

Vat 2% = 4871

Advance Payment = 70,000.

Balance = 178411.

I created Sales Order , then Down Payment Invoice . In DPM i enter 70000 or 31.1% then it shows Balance Due = 90310, Tax 20310. which is wrong i think.

But if i enter DPM = 100% and then click on Payment Means & enter 70,000 then it shows Balance Due = 178411. But when i create A/R Invoice then it gives message "One or more down payments that are linked to base documents have not been paid.

What step i am missing in this case.

Last i want to know what is DPM in A/R Down Payment Invoice. Is this is used for entering advance payment.

Thanks in Advance.

[Former Member]

DPM is Down Payment Margin and one couldn't adjust a Down Payment Invoice below 100% DPM. Thus its better to make the Down Payment Invoice of the total amount which is received in advance receive the total amount in incoming payment as well. Only than while making Invoice the amount which is received in advance (Down Payment Invoice) and received in full (Incoming Payment) as well could be adjusted by browsing the total down payment button.

[Former Member]

Not Answered

[Former Member]

Hi,

The DPM would not include tax. You may use deposit function for this case.

Thanks,

Gordon

[Former Member]

Hi

Can u please elaborate more. How to use deposit function . Mainly pls tell me how i should Down Payment Invoice module.

Thanks in Advance.

[Former Member]

Hi!

Incoming Payment against DPM can't be automated. You can use Payment Term to open Incoming Payment screen automatically when adding DPM.

1. Create a New Payment Term and set Incoming Payment = Cash

2. Create a DPM for the customer, mark the Payment term in the DPM - Accounting Tab

3. Add the DPM and Payment for the DPM.

4. Create the Invoice by selecting the BP,Item and Select the DPM.

[Former Member]

You may check this thread to find out more about deposit:

[Former Member]

Hi!

Create Incoming Payment for the DownPayment first. Then Link the DP in Invoice.

[Former Member]

Hi

We are using SAP Business One 2007 . Main Questions is What Is DPM . If one has to enter advance amount in this then why it is showing wrong Balance . Taking the above scenario can u please help me How to make Down Payment Invoice and what i should enter in DPM. If i use Payment means in Down Payment Invoice doesn't it automatically creates Incoming Payment.

Thanks in Advance