Vendor Down Payment in SAP

Vendor Down Payment inSAP

Down payment means advance paid to Vendor. These advances may be paid to Vendors for

Purchase of goods from VendorTaking services from VendorAdvance to EmployeesPayment to statutory AuthoritiesPayment of security Deposit

Advance payment to employees as vendor, security deposit, statutory Authorities should be routed through Vendor account

Sap T code to be usedF-47Down Payment Request received from MM DepartmentF-48Post Down Payment to Vendor (Manual cheque)F-58Post Down payment to Vendor (Auto cheque printing)F-44/ F-54Clear VendorDown Payment Request (SAP T Code F-47)While entering a down payment request, the System records this document as a single line entry which is not used for accounting purpose and not updating the Vendor Balance .Special GL Indicator is indicating the nature of the Down Payment Request.

Post Vendor Down Payments: (SAP T Code F-48) For manual cheque paymentAccounting entry

Down payment to Vendor A/c Dr orStaff advances A/c DrTo Bank A/c Cr.For auto cheque printing for down payment (SAP T Code F-58)ThroughF-58we can post & print cheque with reference to down payment request at.Cheque printing is not possible for down payment without request.Request indicator to be explicitly mentioned in SAP T CodeF-58Clear Down Payment to Vendors (SAP T Code F-54)Accounting Entry:Vendor A/c Dr.To Down Payment to Vendor A/c Cr