difference between down payment and down payment request

[Former Member]

hi guys

pls explain me the difference between down payment and down payment request

sreenivas...

[Former Member · Accepted solution]

Hi,

Down payment request is "noted" item. It is not real posting and it is not part of the account balance, whereas down payment is a real accounting document.

Regards,

Svetlin

[Former Member]

Hi

Down payment request is a noted item which means that it will not impact the balance of any G/L account.

Down payment is actual payment and real postings are happen in the G/L account. There can be various types of down payments like down payment for purchasing asset etc.

For making a down payment, down payment request is mandatory. You can not make a down payment without having a down payment request.

Hope this helps.

Nitin

[Former Member]

Hello,

Down Pay Request: Down payment request is considered as noted item. This is one sided posting. No effect in GL balances. This is just for keeping track of requests from business partners. TC: F-47

Down Payments: Down payments are aquisition postings that are identified with special transaction types. For ex: F, A, I etc., TC: F-48

Thanks

Para

[srinivasa_maruvada]

Hi

Down Payment request helps Finance/Purchase to have a plan to mobilize the funds where as Down payment is actual payment to Vendor

Srinivas