Vendor Advance Payment

[Former Member]

Hi,

We have a business requirement that they want to give advance money to Vendor by LC. Business does NOT want to use down payment request.

If we'll pay in advance via F-53 and I want to set off against current invoices during Automatic payment run, it's NOT picking up the advance line and it's trying to pay the open invoices.

Can anybody please explain how to set up this? How I can set up something which will off set the Invoices against Advance payment so, we dont need to pay to the vendor.

Your help and time will be really appreciate.

Thanks,

Niki Shah

[Former Member]

Hi

FBZP----Spl GL Transactions to be Paid----press (F4) select FA

Thanks

Anil

[Former Member]

Niki,

f-53 is basically used to clear vendor payments manually. You need to use f110 where you would be able to assign appropraite GL account types. Try this and let me know how it goes.

Nick

[Former Member]

What is their entry when they give advance payment to the vendor. DP request doesn't create any financial entry, it's only a noted item. Posting down payment with financial impact, you should use F-48. Then clear it (f-54) before you do F110 so you will be able to pick it up.

[atif_farooq]

Hi,

For automatic clearing in F110.you must specify special Gl in all co code... FBZP only then it will work. Hope it will help.

Regards