Advance Payment to Vendor without PO

Financials (FI, CO, TR, EC)

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Advance Payment to Vendor without PO

Post by GreenGreen » Fri Feb 28, 2020 6:24 am

Dear Experts,

My company use the Logistic IV approach to do business with vendors.
PO-GR-IR, 3 ways matching for payment.
However, due to special arrangement for some Outline Agreements with vendors, a portion of purchase amount for the newly created Outline Agreement need to pre-paid to the vendors even before any PO creation. The advance payment should then be deducted from the later-on-created POs.

Regarding this, may I know whether possible to do so in FI? If yes, how can I perform such Accounting document and how to deduct the amount later on in F110?

Thanks and regards,

Green Green

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Joined: Thu Aug 25, 2005 3:55 pm
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Re: Advance Payment to Vendor without PO

Post by darkduck » Mon Mar 02, 2020 6:22 am

There's a SAP standard functionality of Down Payments, which use Special GL Indicators of that particular type. Please read help.
Once PO is created and invoice is posted, you can partially clear invoice and outgoing down payment against each other to reduce the amount of invoice settlement.

Just before submitting any question, have a look at please...

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