Clearing/Reversing Down Payments in fico

Use

You can also clear the down payment with the invoice amount in Financial Accounting or Materials Management. You have to perform this process in order to clear 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:

Menu Path	Accounting ® Financial Accounting ® Accounts Payable ® Document Entry ® Down Payment ® Clearing
Transaction Code	F-54

2. Enter the following data:

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
Invoice	Empty

3. Choose Process down pmnts.

One item is selected; this is the down payment you entered earlier.

4. Select the down payment item and choose .



If the system asks you to correct the item selected, proceed as follows:

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.

Post the document.

5. Bypass any warning message by selecting .
6. Make a note of the document number.
7. Choose .
8. In the Exit Editing dialog box, choose Yes.