Friday, September 12, 2008

Making a Fast-Entry Incoming Payment in FICO

Use

A few days after sending the invoice you will receive payment for the forwarded pumps. You now enter this payment in accounts receivable.

In this process, you will require the baseline date and the cash discount base you noted in the 4th step. We will assume that the customer will pay 14 days after the invoice is sent. (Base date + 14 days). The customer has differing payment terms according to the type of product and international subsidiary concerned. Dependent on the payment terms, the customer can deduct cash discount from the cash discount base if he pays within 14 days of the invoice being sent.

Procedure

  1. Call up the transaction as follows:
  2. Menu Path

    Accounting ® Financial Accounting ® Accounts Receivable ® Document Entry ® Payment Fast Entry

    Transaction Code

    F-26

  3. Enter the following data:
  4. Field

    Europe

    North America

    Company code

    1000

    3000

    Posting date

    Bline date + 14 days

    Bline date + 14 days

    Bank account

    113109

    113109

    Currency

    EUR

    USD

    Reference

    Any number

    Any number

    Document date

    Base date + 14 days

    Base date + 14 days

    Value date

    Base date + 14 days

    Base date + 14 days

  5. Select Enter payments.
  6. Choose
  7. to bypass any warning messages.

    The Incoming Payments Fast Entry: Header Data screen is only displayed the first time that you call up the transaction. To maintain or verify your entries, choose Specifications.

  8. Enter the following data:
  9. Field

    Europe

    North America

    Customer (payer)

    1050

    3050

    Amount

    Noted cash discount base amount less cash discount

    Noted cash discount base amount less cash discount

  10. Choose Process open items.
  11. The system tells you that the document date is in the future.

  12. Bypass the warning with .
  13. The system displays the open items for the customer.

  14. Double-click on the gross amount of the item to be cleared. The line will change color.
  15. Any other lines should be colored black. (If this is not the case, deselect the lines that you do not require by double-clicking the EUR/USD gross amount field).

  16. Choose .
  17. The system confirms that the document has been saved.

  18. Choose until the overview tree appears.

No comments:

Archive

All Rights Reserved