I need your advise on the below.
Customers: I have configured Direct debit and working fine. My requiremnt is to post deductions/differences while clearing invoice in APP.
For example: posted invocie for 1000 and received 990 and 10 is difference. Reason code should be applied on this deduction or difference amount and posted automatically in the system.
How we can configure this with Automatic payemnt program.
In APP configuration you can select the relevant field for payment differences(Cash Discount)
Please find the the following steps:
Thanks & Regards,
Message was edited by: Umamageshwaran Srinivasan
To configure Reason Codes and Account for differences Go To SPRO =>Financial Accounting=>Accounts Rceivable and Payable=>Business Transactions=>Incoming Payments=>Overpayment/Underpayment=>Define Reason codes(here there is an indicator box to "charge off difference via separate account".
Uder the same menu below the aboove config there is Define accounts for payment differences=>Configure the GL account .click on rules to set the reason code.
When you run APP follow the steps i mentioned in my previous reply.
Thanks for the reply.Your replies are usefull.
I have configured reason codes , assigned posting rules and accounts and also configured necessary settings for automatic payment program.
As you said i went to Free selection , Given Field Name : Reason code and values.
If i execute APP now its only taking line items posted with reason code "XXX"
Is there any way if i execute APP it should post to customer 990 ( Invocie amount is 1000)and difference amount 10 to account assigned in the reason code settings and 1000 to my bank account.
Points to check
1. Have you created tolerance limits for your Customers in OBA3? If not, create them
2. FBKP - Automatic payment postings -> Cash discount and payment differences -> Payment differences by reason (ZDI). Here assign your Payment difference GL Accounts and save.
Now try to run F110
Thanks for the reply.
Yes i have configured all these.
Only my doubt is: I have invocie for 1000 but my customer sent me check for 990 and 10 is deduction.
So the entries shud be:
DR: Bank account:990
Dr: Reason code account:10
In APP where can i mention my customer is paying only 990. I think i can not change amount filed in APP.(10$ is deduction, not discount which i am giving). These deductions may varry and i come to know about this deduction when i receive check from my customer.
Please help me on this. Your help is highly appreciated.
Thank you so much for your immediate reply.
I know about second option: F-28: i can not use this becasue we need to send a file to bank. So We are planning to use App(Automatic payment program)
Optio1: I am not sure about first option" Terms of payment": Now i am using terms of payment 0001,which is payable immediately.
How can i select discount before due date option. I have checked in OBB8 but could not find it.
Please eloberate on this
Please help me on this.
Need your help on this......
If i maintain percentage(for ex:3) in payment terms . it wud calculated 3% when i execute APP but my deduction amount is not constant, it varies.
How can i change deduction amount in APP. If i go to edit proposal it is grayed out.