Tiêu đề 11. Customer down payment.pdf ✅

Customer Down payment The down payment process is a fundamental financial transaction that allows businesses to receive advance payments from their customers before the actual delivery of goods or services. This process serves to secure a commitment from customer and is especially common in industries with long sales cycle or high value transaction The down payment process in SAP FICO typically begins with the creation of a down payment request, where the customer expresses their intent to make an advance payment. Once approved, a down payment invoice is generated, confirming the commitment and recording the financial transaction. This down payment invoice is posted to the customer's account and a dedicated clearing account in SAP. When the goods or services are delivered as per the agreed terms, the advance payment is cleared against the open invoice using the down payment clearing function in SAP. This result in the actual revenue recognition and appropriate financial posting. The down payment process in SAP FICO helps maintain accurate accounting records, prevents revenue leakage, and ensures that both customers and businesses have clear visibility of the financial commitment. It's a crucial aspect of financial management, enabling businesses to streamline their operations and maintain transparency in their financial dealings. The process can be customized to suit various business requirements and can involve multiple documents and approval steps based on the complexity of the transaction and specific industry needs. Business Scenario: Let’s consider a scenario in which a company, ABC pvt ltd has received a down payment from customer, XYZ ltd for the purchase of some material or service. The total of the material or service is 10,000, XYZ ltd is agree to pay 50% or 100% payment in advance. Lest see how to customize SAP for Down Payment and enter transactions.


2. Define recon a/c for customer down payments. Tcode: OBXR Path: SPRO – SAP Ref IMG Execute Double click on A.