Enter Mixed Payment Posting Control Information

Explanation

The Enter Mixed Payment Posting Control activity is used to enter posting control information related to the entry of mixed payment transactions.

The following Posting Types and Control Types are used in the Mixed Payment process. The information can be used as a guideline when setting up the posting control in a company at system start-up. For further information on Posting Control in Financials, see the process Set-up Financial Basics.

Existing Posting Types in Mixed Payment

Posting Type Description Requires Ledger Account Requires Tax Account
PP1 Cash Transaction No No
PP2 Cash Discount Received No No
PP3 Cash Discount Disbursed No No
PP4 Payment Fee No No
PP5 VAT Reduction, Received No No
PP6 VAT Reduction, Disbursed No No
PP7 Supplier Debts, Pre-payment Yes No
PP8 Customer Claims, Pre-payment Yes No
PP9 Parked Payment Disbursed Yes No
PP10 Parked Payment Received Yes No
PP12 Currency Loss No No
PP13 Currency Gain No No
PP16 Write-Off, Supplier Debts No No
PP17 Write-Off, Customer Claims No No
PP18 VAT Received, Paid No Yes
PP19 VAT Disbursed, Paid No Yes
PP21 Open Supplier Check Yes No
PP22 Intercompany due to No No
PP23 Intercompany due from No No
PP24 Customer BoE, Interim Cash Yes No
PP25 Customer BoE Cashed in advance Yes No
PP26 Open Supplier BoE Yes No
PP27 Open Customer BoE Yes No
PP28 Open Customer Check Yes No
PP29 Unmatched Supplier BoE Yes No
PP30 Unmatched Supplier Check Yes No
PP31 Unmatched Customer BoE Yes No
PP32 Unmatched Customer Check Yes No
PP33 Vat Reduction Received, Write off No No
PP34 Vat Reduction Disbursed, Write off No No
PP35 Customer Check, Interim Cash No No
PP36 Customer Claims, Payment in Advance Yes No
PP37 Supplier Debts, Payment in Advance Yes No
PP38 Output Tax, Payments in Advance No Yes
PP39 Input Tax, Payment in Advance No Yes
PP40 Contra Acc. Output Tax, Adv Paym. No No
PP41 Contra Acc. Input Tax, Adv Paym. No No
PP42 Deduction Rule No No
PP43 Tax Reduction Disbursed, Deduction No No
PP44 Tax Received, Direct Cash No Yes
PP45 Tax Disbursed, Direct Cash No Yes
PP46 Calculated Tax Received, Direct Cash No Yes
PP47 Calculated Tax Disbursed, Direct Cash No Yes

Available Control Types

Control Type Description Data Controlled by
AC1 Fixed Value IFS Accounting Rules
AC2 Pre-posting IFS Accounting Rules
AC4 Country Code IFS Accounting Rules
AC5 User Group IFS Accounting Rules
AC7 VAT Code IFS Accounting Rules
AC8 Company IFS Accounting Rules
IC1 Supplier Group IFS Invoice
IC2 Customer Group IFS Invoice
PC2 Cash Account IFS Payment
PC3 Interest Template IFS Payment
PC4 Write-off Code IFS Payment
PC5 Deduction Rule IFS Payment

 

Allowed Combinations of Posting Type – Control Type

Posting Type Description AC ! AC 2 AC 4 AC 5 AC 7 AC8 IC 1 IC 2 IC 4 PC 2 PC 3 PC 4 PC 5
PP1 Cash Transaction X     X           X      
PP2 Cash Discount Received X X X X     X   X        
PP3 Cash Discount Disbursed X X X X       X X        
PP4 Payment Fee X     X           X      
PP5 VAT Reduction, Received X X X X X   X   X        
PP6 VAT Reduction, Disbursed X X X X X     X X        
PP7 Supplier Debts, Pre-payment X X X X     X   X        
PP8 Customer Claims, Pre-payment X X X X       X X        
PP9 Parked Payment Disbursed X X   X                  
PP10 Parked Payment Received X X   X                  
PP11 Additional Payment X     X           X      
PP12 Currency Loss X X   X                  
PP13 Currency Gain X X   X                  
PP16 Write-Off, Supplier Debts X X   X     X            
PP17 Write-Off, Customer Claims X X   X       X          
PP18 VAT Received, Paid X X X X X   X   X        
PP19 VAT Disbursed, Paid X X X X X     X X        
PP20 Interest Revenue X     X       X          
PP21 Open Supplier Check X   X X     X     X      
PP22 Intercompany due to X         X              
PP23 Intercompany due from X         X              
PP24 Customer BoE, Interim Cash X     X           X      
PP25 Customer BoE Cashed in adv X     X           X      
PP26 Open Supplier BoE X   X       X     X      
PP27 Open Customer BoE X   X         X          
PP28 Open Customer Check X   X X       X          
PP29 Unmatched Supplier BoE X   X X     X            
PP30 Unmatched Supplier Check X   X X     X            
PP31 Unmatched Customer BoE X   X X       X          
PP32 Unmatched Customer Check X   X X       X          
PP33 Vat Red Received, Write off X     X X   X         X  
PP34 Vat Red Disbursed, Write off X     X X     X       X  
PP35 Customer Check, Interim Cash X     X           X      
PP36 Cust Claims Paym. in Advance X   X X X     X          
PP37 Suppl. Debts Paym. in Advance X   X X X   X            
PP38 Output Tax, Paym. in Advance X   X X X     X          
PP39 Input Tax, Paym. in Advance X   X X X   X            
PP40 Contra Acc. Output Tax, Paym. in Advance X   X X X     X          
PP41 Contra Acc. Input Tax, Paym. in Advance X   X X X   X            
PP42 Deduction Rule X     X       X         X
PP43 Tax Red. Disbursed Deduction X     X X     X         X
PP44 Tax Received, Direct Cash X       X                
PP45 Tax Disbursed, Direct Cash X       X                
PP46 Calculated Tax Received, Direct Cash X       X                
PP47 Calculated Tax Disbursed, Direct Cash X       X                

Note: Control Type "AC2," Pre-posting, is not available for Code part "A".

Connection between Posting Types and System Event

          Debit or credit posting: It will be a debit posting if it is a customer payment, and a credit posting for suppliers.

          Debit or credit posting: Since it reduces the amount to pay, it will be a credit posting.

          Debit or credit posting: Since it reduces the amount received, it will be a debit posting.

          Debit or credit posting: It will be posted as a cost on the debit side for both customer and supplier payments.

          Debit or credit posting: Since VAT originally was posted on the debit side for supplier invoices, it will be reduced as a credit posting.

          Debit or credit posting: Since VAT for customer invoices is normally posted as credit, this reduction must be made as a debit.

          Debit or credit posting: The debt is reduced affectedly such that an asset is created. These payments are posted as debits.

          Debit or credit posting: The claim is reduced affectedly such that a debt is almost created. These payments are posted as credits.

          Debit or credit posting: Normally a debit posting.

          Debit or credit posting: It depends on the remaining amount. 

Debit or credit posting: It depends on the remaining amount. 

          Debit or credit posting: The loss is treated on the debit side.

          Debit or credit posting: The gain is posted on the credit side.

Debit or Credit posting: The write-off is posted on the credit side.

Debit or Credit posting: The write-off is posted on the debit side.

          Debit or credit posting: Normal supplier invoices are debited.

          Debit or credit posting: Normal customer invoices are credited.

Debit or credit posting: This account will have as many debit as credit postings. When entering or creating the Check, the account is credited. When cashing the Check, the account is debited to balance the credit of the cash account.

Debit or Credit posting: Credit posting when the debt is incurred by the creation of the multi-company payment.

Debit or Credit posting: Debit posting when the inter-company receivable is incurred by the creation of the multi-company payment.

Debit or credit posting: This account will have as many debit as credit postings. When creating the BoE transfer file, the account is debited. When cashing the Bill, the account is credited to balance the debit of the cash account.

Debit or credit posting: This account will have as many debit as credit postings. When creating the BoE transfer file, the account is credited. When cashing the Bill, the account is debited.

Debit or credit posting: This account will have as many debit as credit postings. When entering or creating the Bill, the account is credited. When cashing the Bill, the account is debited.

Debit or credit posting: This account will have as many debit as credit postings. When entering the Bill, the account is debited. When the BoE Transfer proposal is created or when the BoE is Settled, the account is credited.

Debit or credit posting: This account will have as many debit as credit postings. When entering the Check, the account is debited. When the Check Cashing report is created or when the Check is Cashed, the account is credited.

Debit or credit posting: When entering or creating the Bill, the account is debited. When offsetting the payment on account, the account is credited.

Debit or credit posting: When entering the Check, the account is debited. When offsetting the payment on account, the account is credited.

Debit or credit posting: When entering the Bill, the account is credited. When offsetting the payment on account, the account is debited.

Debit or credit posting: When entering the Bill, the account is credited. When offsetting the payment on account, the account is debited.

Debit or credit posting: Since VAT was originally posted on the debit side for supplier invoices, it will be reduced as a credit posting.

Debit or credit posting: Since VAT was originally posted on the credit side for customer invoices, it will be reduced as a debit posting.

Debit or credit posting: This account will have as many debit as credits postings. When creating the Check Cashing report, the account is debited. When cashing the Check, the account is credited in order to balance the debit of the cash account.

Debit or credit posting: When the payment in advance is created, this account is credited. When the payment is offset or matched, this account is debited.

Debit or credit posting: When the payment in advance is created, this account is debited. When the payment is offset or matched, this account is credited.

Debit or credit posting: When the payment in advance is created, this account is credited. When the payment is offset or matched, this account is debited.

Debit or credit posting: When the payment in advance is created, this account is debited. When the payment is offset or matched, this account is credited.

Debit or credit posting: When the payment in advance is created, this account is debited. When the payment is offset or matched, this account is credited.

Debit or credit posting: When the payment in advance is created, this account is credited. When the payment is offset or matched, this account is debited. A contra account to PP39.

Debit or Credit posting: The deduction is posted on the debit side.

Debit or credit posting: Since TAX originally was posted on the credit side for customer invoices, it will be reduced as a debit posting.

Debit or credit posting: Normally a debit posting.

Debit or credit posting: Normally a credit posting.

Debit or credit posting: Normally a debit posting.

Debit or credit posting: Normally a credit posting.

Prerequisites

This activity requires that a company has been created and that the chart of accounts has been defined.

System Effects

Not ready

Window

Posting Control

Related Window Descriptions

Posting Control

Posting Control Details

Procedure

How Posting control Information is entered is explained in the process Define Financial Basics, Set up Basic Data Accounting Rules, the Modify Rules section.