Could anyone please explain me about the customer down payment process flow? And what is the significance of using Spl. GL indication in this process?
Kindly share your valuable views here.
Thanks in advance.
1) down payment request (customer acc--debit with alternative reco account down pay req posted) considered as noted item.
2) down payment recd (bank acc--debit to customer acc alternative reco account down pay rec is credited).
3) posting of customer invoice (customer acc--debit(reco acc for receivables debited to revenue acc).
4) offsetting down payment recd against invoice (customer acc debit alternative rec acc down pay rec debited to customer acc reco acc for receivables) last step if pending payment still of invoice is cleared with bank payment recd.
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