Special G/L Accounts for Down Payments (SAP Library - FI Accounts Receivable and Accounts Payable)

Special G/L Accounts for Down Payments

Each down payment type is represented by a separate G/L indicator. The special G/L indicators displayed in the following table are used in the standard system

Special G/L Indicators for Down Payments in the Standard System

Code	Down payment type
A	General down payment (made or received)
M	Down payment made on tangible fixed assets
I	Down payment made on intangible fixed assets
V	Down payment made on inventory stocks

You must create separate special G/L accounts for each down payment type. You can differentiate the down payment types further per consolidation or non-consolidation companies. Correspondingly, you need additional special G/L accounts.

This graphic is explained in the accompanying text

The special G/L accounts determine which entry fields are contained in the screens for posting the different down payments and how you manage tax on down payments. Via the special G/L account for down payments to current assets, for example, you can suppress the fields for posting to fixed assets. Therefore, the entry screens are adapted exactly to the down payment type.

In particular, you use the down payment accounts to control

Which additional account assignments (such as fixed asset or project) are possible. Refer to Integrating Other Applications

Whether open item accounts and special G/L accounts are displayed gross (with tax) or net (without tax). Refer to Down Payments and Tax You can find out which precautions you need to take for the balance sheet in "Balance Sheet Display".

Whether cash discount can be posted. Refer to Down Payments and Cash Discount