- Tolerances up to which differences in payment are posted automatically to expense or revenue accounts when clearing open items.
- The handling of the terms of payment for residual items, if they are to be posted during clearing.
Bear in mind that you can also define employee tolerances. When clearing, the lower limit for the customer specifications and employee group specifications are taken.
Your task:
1. Specify the tolerances for your vendors.
2. Make sure that the required tolerances are allocated to the vendors in the master record.
SPRO:
Financial Accounting / Accounts Receivable and Accounts Payable / Business Transaction / Outgoing Payments / Manual Outgoing Payments / Define Tolerances (Vendors)
As an example: My client have a rule that for each legal entity, define payment difference limit applicable. Here, difference of 10 or 5%, whichever is small being adopted.
In summary as an example:
You define tolerance group & assign that to company code in TCode OBA3.
Say, you define Tolerance group AR01 - $50 & 25% Tolerance Write Off is assigned to your company code 1000.
With following feature:
Section: Permitted payment difference
Amount Percent Adjust Discount By
Gain 50.00 25.0 % 0.00
|Loss |50.00 |25.0 % |0.00|
Section: Permitted payment difference for auto write-off
Amount Percent
Rev. 50.00 25.0 %
|Expense|50.00 |25.0 %|
Active indicator for Payment Term from Invoice.
To use this tolerance group.
Maintain Tolerance group in Payment Transaction tab of Company Code data of Customer Master (XD02).
