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.
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.