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Apply Accounts Payable Invoice against Accounts Receivable to same Company

Former Member
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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

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

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.

Answers (1)

Answers (1)

Former Member
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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

Former Member
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Isn't there a T Code I can use to net them off?

Thanks.

Kathy

Former Member
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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.

Former Member
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I am not looking to have an automatic net when the checks are ru.

I think I have done it manually possibly under F30.?

Kathy

Former Member
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May be you can use F-32 and F-44 for clearing between vendor and customer open itemd provided you are able to find matching open items.

In your case you will be in a position to clear the Dr and Cr amouns since they are matching using F-32 & F-44.

Former Member
0 Kudos

Ok.............. thanks!

Kathy