SAP Down Payment Process an Overview
SAP Down payment are treated as special general ledger transactions in sap. The down payment transactions will be stored in the vendor account with special general ledger indicator. The corresponding entry will be posted in alternative reconciliation account number.
For this purpose sap defined special general ledger indicators for various transactions. Ex: down payments for current accounts: special G/L indicator: A Bill of exchange transactions.
Prerequisites to process the down payments: 1. Down payment made account: as asset group. and as reconciliation account.
Define the alternative accounts for sap down payments made,
SAP Down Payment Process
Menu Path: Financial accounting-accounts receivables & accounts payables-business transactions-down payments made-define alternative accounts for sap down payment made.
Transaction code: OBYR.
Double click on (k, a) combination of down payments made on current assets
To Give chart of accounts: 2006
To Give reconciliation account: accounts payable account
To Give Special G/L account: down payments made account.
Save it
Down payment process request configuration: transaction code:OBYR
To Double click on k and f down payment request option
To Give reconciliation account number: accounts payable account
To Give Special G/L account number: down payments made account
Save it. The screen is as under
Also See: How to do Vendor Down Payment Processing in SAP?
What is a Special G/L Transaction?
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