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Procedure documentation Making Transfer Postings of Down Payments and Posting Tax  Locate the document in its SAP Library structure

When you carry out a transfer posting of a down payment after posting the closing invoice, the system corrects the tax automatically. When you post a down payment made or received, the system posts a tax receivable. When you carry out a transfer posting of the down payment, the system cancels this posting.

Accounts Receivable:

Example

You receive a down payment for 11,400 USD. You send your customer the closing invoice shortly before you prepare your balance sheet. The payment program can no longer make the final payment before the balance sheet is prepared, since the next payment run is due after the date you prepare the balance sheet. You therefore make a transfer posting of the down payment manually. The system then posts the output tax automatically.

This graphic is explained in the accompanying text

The example illustrates the following:

  1. The down payment is displayed in the customer account and on the account for down payments received. The output tax for the down payment is posted.
  2. The closing invoice is displayed on the customer account.

If you make the transfer posting for the down payment manually, the sales/purchase tax is corrected accordingly. The following describes transfer postings of down payments as well as the preparations necessary for the payment program. Further information on the payment program is contained in this documentation.

Accounts Payable

Example

You make a down payment of 11,400 USD. You receive the closing invoice shortly before you prepare your balance sheet. The payment program can no longer make the final payment before the balance sheet is prepared, since the next payment run is due after the date you prepare the balance sheet. Therefore, you clear the down payment with the closing invoice manually. The system then posts the input tax automatically.

This graphic is explained in the accompanying text

The example illustrates the following:

  1. The down payment is displayed in the vendor account and in the account for down payments made. The system posts both the input tax for the down payment made and the input tax clearing.
  2. The closing invoice is displayed in the vendor account. The offsetting entries are made to the expense account and the input tax account.
  3. If you carry out a manual transfer posting of the down payments, it will be cleared in the vendor account and the same amount will be assigned to the opposite side of the account. Input tax and input tax clearing are automatically corrected.

The following describes transfer postings of down payments as well as the preparations necessary for the payment program.

Further information on the payment program is contained in this documentation.