Clearing/Reversing a Down Payment 

Use

Clearing the down payment with the invoice amount can alternatively be performed in Financial Accounting or Materials Management. You have to perform this procedure in order to reverse a posting of a down payment on current assets or to reduce a payable by the amount of the down payment.

Procedure

  1. Call up the transaction as follows:
    2.

    Menu Path

    Accounting ® Financial Accounting ® Accounts Payable ® Document Entry ® Down Payment ® Clearing

    Transaction Code

    F-54

  2. On the Clear Vendor Down Payment: Header Data screen, enter the following data:
    3.

    Field

    Data

    Document date

    Today’s date

    Posting date

    Today’s date

    Reference

    Reference from the first process

    Doc.header text

    Down payment clearing

    Account

    1006

    Text

    Clearing down payment/invoice amount

  3. Choose Process down pmnts.

    4. The item selected is the down payment you entered earlier.

  4. On the Clear Vendor Down Payment: Choose Down Payments screen, select the down payment item and then .

    5. If the system asks you to correct the item marked, proceed as outlined below:

    Double-click on the colored item.

    Enter a descriptive text in the designated field. This will allow you to reconstruct this transaction at a later time.

    Choose Save to post the document.

  5. Bypass any warning message by selecting .

    6. Make a note of the document number.

  6. Choose until the overview tree appears.