on 01-03-2008 8:52 PM
We have a customer who is also a vendor.
The customer owes us $10,000 and we owe the vendor $10,000. How do we net them off?
Points will be awarded.
Thanks.
Kathy
In the customer master enter the vendor account and in the vendor master record enter the customer account number. By this way you will be in a position to establish the relationship between the customer who is also a vendor and it is netted.
You should also flag clearing with Customer/ vendor in the respective master data screen.
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
hi,
on the screen for the configuration of company code section in the vendor group field status u have clearing with customer field under payment transactions group...select that indicator (clearing with customer field)..
so when this indicator is activated u can clear open ar with ap accounts.. the customer data can be specified in general data section...
you can also do in customer field status under control tab.....u will have vendor....by activating that field...u can do AP-AR netting
i hope this helps
Ram
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Indicator: Clearing between customer and vendor?
Indicates that during automatic payment transactions, clearing is made with the corresponding customer account, and that during manual clearing procedures, the items of that customer account are also selected.
Procedure
To use this function in automatic payment transactions, you have to
enter the customer account number in the vendor master record,
enter the vendor account number in the customer master record, and
select the "Clearing with vendor" indicator in the customer master record.
So the nettting takes place at the time of payment run it appears and you dont have a separate tcode to net atleast to my knowledge.
| User | Count |
|---|---|
| 2 | |
| 2 | |
| 1 | |
| 1 | |
| 1 | |
| 1 | |
| 1 | |
| 1 | |
| 1 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.