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What is the transaction for Finance Pre Payments

Former Member
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What is the transaction for Finance Pre Payments

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Answers (2)

Answers (2)

Former Member
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no longer required

sridhar_muthekepalli3
Active Contributor
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Hi

Finance Pre Payments means payments made before the day it is due.

The question is how you treating the payment in your system.

If you treating it as advance received from customer, you can use the following transactions

F-29 Post Customer Down Payment

F-30 Post with Clearing

You can also treat it is noremal customer paymnet.You can use the T.code F-28 or F110.

Please let me know if you need more information.

Regards

Sridhar M

Former Member
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the process I have is where you have a utlity bill that comes in for charges in the future.

I.e. today is August.

You receive a invoice from a supplier, for rates.

The rates total say 100,000

You need to associate the cost to the next 10 periods, 10k a go.

iklovski
Active Contributor
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Hi Marc,

You can use the functionality of recurring entries (F.14/F.15).

You can read more here:

http://help.sap.com/saphelp_erp60_sp/helpdata/en/96/8b439a43ce11d189ee0000e81ddfac/frameset.htm

Regards,

Eli

Former Member
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HI Eli,

that is not what we are looking for.

We could use FBR1 to make the posting.

We need to make a financial adjustment, the opposite of an accrual for the pre payment. i.e where we are paying for services that we have not used yet. We need to pay the full amount up front, and the accounts should be hit periodically, i.e. 10% for 10 months.