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Chapter 16 ■ Customizing Special G/L Transactions
Figure 16-4. The standard properties for customer down payments
Once you are satisfied with the settings for the down payments, save your configuration.
The next step in this exercise is to define the reconciliation accounts for the customer down payments.
Down Payment Requests (Customer)
As mentioned earlier, a down payment is a form of short-term finance. It can also be an engendered
commitment from a customer, especially when the integrity of the customer is in question. Down payment
requests are normal business practice when advance payment is requested prior to the commencement of a
business transaction.
To define the reconciliation accounts for customer down payment requests, follow this menu path:
IMG: Financial Accounting (New) ➤ Accounts Receivable and Accounts Payable ➤ Business Transactions
➤ Down Payments Received ➤ Define Reconciliation Accounts for Customer Down Payments. Or use
transaction code OBXR.
The Maintain Accounting Configuration: Special G/L List screen is displayed. Select Down Payment
Request from the list of items displayed on the screen and click the Details button on the top-left side of
the screen.
The Chart of Accounts Entry dialog box pops up. Enter your chart of accounts (CA90) in the Chart of
Accounts field and click the Continue button at the bottom of the screen to go to the Maintain
Accounting Configuration: Special G/L Accounts screen. This is where you assign the reconciliation account
and special G/L account to your down payment request (Figure 16-5).
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