Ao90 Downpayment gl(downpayment vendor recon or Asset reco ?

[srinivas_rao69]

Hello Frds,

I want know which gl has to assign downpayment gl in Ao90.

Because if i am trying to enter vendor recon gl system is not allowing,i think it has to give asset recon gl.But i am connfusing which gl has to give.

Kindly give your valuable inputs.

Regards,

Nivas.

[Marssel700]

hi,

You mean AO90 Down-payments clearing account? This account aren't reconciliation account for none of them. This is a offsetting clearing account for Debit to Vendor item.

Set only for Open item management.

Regards

[srinivas_rao69]

Hi Marssel,

Thanks for your reply.Now i am doing asset downpayment configuration, I have done OAYB(15&16 assign all asset class) and obc4 (vendor recon feildstatus assetnumber/subnumber optional) now i want to do the AO90 gl assign for downpayment.

but i am confussing which gl to be assign in the place of down payment and downpayment clearing fields.

It is new GLs for asset downpayment and downpayment clearing?

Regards,

Nivas.

[former_member198650]

Hi Srinivas Rao,

You have to maintain the GL which has defined reconciliation type as asset and under down payment clearing you have to maintain open item account. The entry will be at the time of down payment against asset:  Vendor A/c Dr

           Bank clearing A/c Cr

           Asset-adv A/c Dr

           Asset clearing A/c Cr

Regards,

Mukthar