Displaying Vendor Accounts in fico

Use

A down payment made on a purchase order for goods has to be activated. You will notice that in posting a down payment, the system makes a posting automatically to the assets side of the balance sheet.

Procedure

1. Call up the transaction as follows:

Menu Path	Accounting ® Financial Accounting ® Accounts Payable ® Account ® Display/Change Line Items
Transaction Code	FBL1N

2. Enter the following data:

Field	Data
Vendor account	1006
All items	Select
Special G/L transactions	Select

3. Choose .

The documents for the down payment request and the down payment appear. The down payment request is identified as a cleared item.

4. Double-click on the down payment document to display it.

The vendor item appears. Reconciliation account 159000 is in the G/L field (other down payments made on current asset).

In this case, the vendor reconciliation account is not payables account 160000 (as entered in the vendor master record), but account 159000, which is assigned to the assets side of the balance sheet (in current assets).

5. Choose .

Your posting should be as follows:

· Credit: Account 113101 (bank account)

· Debit: Account 1006 (vendor/reconciliation account 159000)

· Credit: Account 154000 (input tax)

· Debit: Account 159010 (clearing account for input tax)

You clear these postings in a later transaction, after the goods have arrived at the warehouse and you have posted the vendor invoice.

6. Choose until the overview tree appears.