Hi,
Automatic Payment Program in SAP helps to process payment transactions both with customers and vendors. AR/AP/TR/Bank Accounting uses payment program.
Down Payments:
Down payments are used for short or medium-term financing. Down payments are generally made before production begins or after partial completion. Down payments must not be balanced with other receivables or payables and must be displayed separately on the balance sheet.
Processing Down Payments in the SAP System: Down payments are posted to separate special G/L accounts (down payment accounts) depending on the down payment type (such as down payments made on tangible fixed assets or on inventory stocks). As a result, you do not need to carry out any transfer postings for the balance sheet. Down payment requests are statistical (noted) items that do not affect the balance sheet. They can be taken into consideration in the dunning program and in the payment program.
Menu path: Accounting -> Financial Accounting -> Accounts Receivable -> Document Entry -> Down Payment -> Request
For detailed information on entering and posting down payment request please follow the link below:
http://help.sap.com/erp2005_ehp_03/helpdata/EN/01/a9c7a9455711d182b40000e829fbfe/frameset.htm
Partial Payments:
A partial payment is a payment that is posted to an account without any open items being cleared. You assign this partial payment to an open item. When you post the partial payment, the system marks the document number of the original open item in the line item for the partial payment. The original open item and the partial payment remain open.
Menu path: Choose Accounting -> Real estate management -> Rental accounting -> Incoming payments/account maintenance -> Incoming payment residual items/partial payments.
I hope it will help.
If helpful, please assign points.
Regards,
Manju
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