Enter Customer Payment Posting Control Information

Explanation

The Enter Customer Payment Posting Control Information activity is used for entering posting control information related to the entry of customer payment transactions.

The following Posting Types and Control Types are used in the Customer 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 Customer Payment

Posting Type Description Requires Ledger Account Requires Tax Account
PP1 Cash Transaction No No
PP3 Cash Discount Disbursed No No
PP4 Payment Fee No No
PP6 VAT Reduction, Disbursed No No
PP8 Customer Claims, Pre-payment Yes No
PP10 Parked Payment Received Yes No
PP12 Currency Loss No No
PP13 Currency Gain No No
PP17 Write-off, Customer Claims No No
PP19 VAT Disbursed, Paid No Yes
PP24 Customer BoE, Interim Cash Yes No
PP25 Customer BoE, Cashed in Advance Yes No
PP27 Open Customer BoE Yes No
PP28 Open Customer Check Yes No
PP31 Unmatched Customer BoE Yes No
PP32 Unmatched Customer Check Yes No
PP34 VAT Reduction Disbursed, Write Off No No
PP35 Customer Check, Interim Cash No No
PP36 Customer Claims, Payment in Advance Yes No
PP38 Output Tax, Payments in Advance No Yes
PP40 Contra Acc. Output Tax, Adv Paym. No No
PP42 Deduction Rule No No
PP43 Tax Reduction Disbursed, Deduction No No
PP45 Tax Disbursed, Direct Cash No Yes
PP47 Calculated Tax Disbursed, Direct Cash No Yes
PP60 Tax Adjustment No No
PP61 Tax Currency Loss No No
PP62 Tax Currency Gain No No
PP63 Tax Withheld, Disbursed No No
PP64 Endorsed Customer BoE No No
PP65 Customer BoE Early Settlement, Discounted Fee No No

Existing 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 Tax Code IFS Accounting Rules
IC1 Supplier Group IFS Invoice
IC2 Customer Group IFS Invoice
PC2 Cash Account IFS Payment
PC3 Interest Template IFS Payment
PC 4 Write-Off Code IFS Payment
PC 6 Bill Type IFS Payment

Allowed Combinations of Posting Type Control Type

Posting Type Description AC 1 AC 2 AC 4 AC 5 AC 7 AC 8 IC 1 IC 2 IC 4 PC 2 PC 3 PC 4 PC 5 PC 6
PP1 Cash Transaction X X X
PP3 Cash Discount Disbursed X X X X X X
PP4 Payment Fee X X X
PP6 VAT Reduction, Disbursed X X X X X X X
PP8 Customer Claims, Pre-payment X X X 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
PP17 Write-off, Customer Claims X
PP19 VAT Disbursed, Paid X X X X X X X
PP24 Customer BoE, Interim Cash X X X
PP25 Customer BoE Cashed in advance X X X
PP27 Open Customer BoE X X X X
PP28 Open Customer Check X X X X
PP31 Unmatched Customer BoE X X X X
PP32 Unmatched Customer Check X X X X
PP34 VAT Reduced 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
PP38 Output Tax, Paym in Advance X X X X X
PP40 Contra Account, Output Tax Paym in Advance X X X X X
PP42 Deduction Rule X X X X
PP43 Tax Reduced Disbursed Deduction X X X X X
PP45 Tax Disbursed, Direct Cash X X
PP47 Calculated Tax Disbursed, Direct Cash X X
PP60 Tax Adjustment X X X X
PP61 Tax Currency Loss X X X X
PP62 Tax Currency Gain X X X X
PP63 Tax Withheld, Disbursed X X X X
PP64 Endorsed Customer BoE X X X X
PP65 Customer BoE Early Settlement, Discounted Fee X X X

Note: for control type AC2, pre-posting is not available for Code part A.

Connection between Posting Types and System Events

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

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, no matter if it is a customer or supplier payment.

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

Debit or credit posting: The claim is reduced, "too much", so that a debt is almost created. These payments are posted as credits.

Debit or credit posting: Normally a credit posting.

Debit or credit posting: It depends on the rest 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: Normal customer invoices will have a credit posting.

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 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 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 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 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: 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 credit posting.

Debit or credit posting: Normally a credit posting.

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

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

PP63 will be used when the customer has withheld tax at payment. The tax that has been withheld will reduce the payment amount on an invoice during customer payment.  

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

PP64 Description of use: Customer Payment Proposals, Customer Bills of Exchange. When the customer bill of exchange is endorsed, the endorsed amount will be posted using this posting type.

Debit or credit posting: It is a credit posting when endorsing is done.

PP65 Description of use: Customer Payment Proposals, Customer Bills of Exchange. When the customer bill of exchange is cashed before the due date, any discounting fee applicable will be posted using this posting type.

Debit or credit posting: It is a debit posting when a discount fee is applied. 

Customer Payment

Debit or credit posting: When it is a customer payment it will be a debit 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.

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

Debit or credit posting: The claim is reduced, "too much", so that a debt is almost created. These payments are posted as credits.

Debit or credit posting: Normally a credit posting.

Debit or credit posting: It depends on the rest amount. Is it a positive amount, it will be posted as a credit.

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: Normal customer invoices will have a credit posting.

Prerequisites

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

System Effects

The posting control information entered will be used when processing transactions in IFS/Financials.

Window

Posting Control

Related Window Descriptions

Posting Control
Posting Control Details

Procedure

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