What is payment of Draft, Final and Final Post?
- 3 Answers
- 6439 Views
- Deloitte, IBM, I also Faced
- E-Mail Answers
Answer Posted / sudhakar
Payment Draft means. In case we have supplier he supplier materials at 01-Jan-2016 as per his payment terms 30 days. So now i use to make a payment to that supplier as of 30th-Jan-2016 right. Instead of that if i made a payment to that supplier as of 15th-Jan-2016. Now i use to record that payment entry in my Accounts payable right. For that i will run Create Accounting programme for that Entry. There i will get this above options like Draft,Final,Final Post
If i consider Draft while running that programme. Accounting entry will generate but it will be in Draft Mode
When date came 30th Jan 2016 that time it self i use to show that accounting entry means again i will run that programme with Final Mode
Final Post means. I will run that programme by considering final post. Then that Accounting entry i can view in my payables module as well as it is getting posted in GL module by considering final post. Instead of transfering to GL at parameters level it self i am considering Final Post after completing on that programme with normal status. Then i can view JV for that payment in GL Module as well.
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
Charge Back Setups ?
How will account an advance of Rs.10000/- which is a permanent prepayment, can I make payment for this?
I am working on PPR process to print checks. Currently the checks are printing for each supplier, supplier site and payment method group. My requirement is the invoice level one DFF is available (like A and B are the input values). Please let me know how include this DFF at invoice grouping level.
can any one tell me what exactly functional consultant do on daily basis? client requirements?
Can Adjustments be imported?
What is meaning of deprecation?
What is the Process of Reconciliation Between AP to GL
Please post the setups required to approve the payable invoice in AP.
What is the use of hr: user type, while configure multiorg?
What is the Use of Grouping Rule in Receivables ? is it mandatory field ?
1.what is the name of program to create invoice automatic from po.? 2.How to auto upload the bank statement? 3.PO tax has not flown to invoice . why? Debit memo not generated for return of goods.??
Do you track and record relationships between customers e.g. franchises, subsidiaries etc.?
what is the use of hr: security profile, while configure multiorg?
What is gap analysis, how do you defined?
What is gap analysis, how do you defined. What are the pre-requisities?
