refunds process in fica

[Former Member]

hi,

experts

good morning,

can any one tell me cofiguration steps for refunds process in fica with t.codes

thx

surya

[Former Member · Accepted solution]

Hello,

this is not so useful but it may helpful to u...

spro>Financial Accounting>Contract account receivable and payable>business transactions>Returns

and configure based on ur requirement

just go through it......

Regards,

Naren Konakanchi

[Former Member]

Hello,

You need to configure in posting areas 1320 & 1321 using FQC0.

Later on create repayment request using FPTCRPO.

Then run FPY1. I assume that you have already configured payment program for outgoing payment method.

During FPY1 you need to select 'Repayment'.

Alternatively assuming that your config for Payment program FPY1 is in place, you can refund an on account payment item <update it with outgoing payment method>. Now Run FPY1.

Hope this helps

Rgds

Rajendra

[Former Member]

HI,

RAJENDRA

Thx for the support extended by u

surya

[Former Member]

Hello surya,

the above confiurations step for RETURNS.Its a mistake.

Regards,

Narendar Konakanchi