Enter Supplier Payment Posting Control Information

Explanation

 

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

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

Posting Type

Description

Requires Ledger Account

Requires Tax Account

PP1

Cash Transaction

No

No

PP2

Cash Discount Received

No

No

PP4

Payment Fee

No

No

PP5

Tax Reduction, Received

No

No

PP7

Supplier Debts, Pre-payment

Yes

No

PP9

Parked Payment Disbursed

Yes

No

PP12

Currency Loss

No

No

PP13

Currency Gain

No

No

PP16

Write-Off Code, Supplier Debts

No

No

PP18

Tax Received, Paid

No

Yes

PP21

Open Supplier Check

Yes

No

PP26

Open Supplier BoE

Yes

No

PP29

Unmatched Supplier BoE

Yes

No

PP30

Unmatched Supplier Check

Yes

No

PP33

Tax Reduction Received, Write Off

No

No

PP37

Supplier Debts, Payment in Advance

Yes

No

PP39

Input Tax, Payment in Advance

No

Yes

PP41

Contra Acc. Input Tax, Adv Paym.

No

No

PP44

Tax Received, Direct Cash

No

Yes

PP46

Calculated Tax Received, Direct Cash

No

Yes

PP54

Bank Fee Japan

Yes

No

PP55

Bank Fee Tax Japan

Yes

No

PP56

Unpaid Bank Fee Japan

Yes

No

PP57

Unpaid Tax Japan

Yes

No

PP58

Stamp Duty

No

No

PP59

Stamp

No

No

PP60

Tax Adjustment

No

No

PP61

Tax Currency Loss

No

No

PP62

Tax Currency Gain

No

No

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

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

PC6

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

 

 

 

 

PP2

Cash Discount Received

X

X

X

X

 

 

X

 

X

 

 

 

 

 

PP4

Payment Fee

X

 

 

X

 

 

 

 

 

X

 

 

 

 

PP5

Tax Reduction, Received

X

X

X

X

X

 

X

 

X

 

 

 

 

 

PP7

Supplier Debts, Pre-payment

X

X

X

X

 

 

X

 

X

 

 

 

 

 

PP9

Parked Payment Disbursed

X

X

 

X

 

 

 

 

 

 

 

 

 

 

PP11

Additional Payment

X

 

 

X

 

 

 

 

 

X

 

 

 

 

PP12

Currency Loss

X

X

 

X

 

 

 

 

 

 

 

 

 

 

PP13

Currency Gain

X

X

 

X

 

 

 

 

 

 

 

 

 

 

PP18

Tax Received, Paid

X

X

X

X

X

 

X

 

X

 

 

 

 

 

PP21

Open Supplier Check

X

 

 

X

 

 

 

 

 

X

 

 

 

 

PP26

Open Supplier BoE

X

 

X

 

 

 

X

 

 

X

 

 

 

X

PP29

Unmatched Supplier BoE

X

 

X

X

 

 

X

 

 

 

 

 

 

 

PP30

Unmatched Supplier Check

X

 

X

X

 

 

X

 

 

 

 

 

 

 

PP33

Tax Reduction Received, Write-off

X

 

 

X

X

 

X

 

 

 

 

X

 

 

PP37

Supplier Debts, Payment in Advance

X

 

X

X

X

 

X

 

 

 

 

 

 

 

PP39

Input Tax, Paym in Advance

X

 

X

X

X

 

X

 

 

 

 

 

 

 

PP41

Contra Account Input Tax, Paym in Advance

X

 

X

X

X

 

X

 

 

 

 

 

 

 

PP44

Tax Received, Direct Cash

X

 

 

 

X

 

 

 

 

 

 

 

 

 

PP46

Calculated Tax Received, Direct Cash

X

 

 

 

X

 

 

 

 

 

 

 

 

 

PP54

Bank Fee Japan

X

 

 

X

 

 

 

 

 

X

 

 

 

 

PP55

Bank Fee Tax Japan

X

 

 

X

 

 

 

 

 

X

 

 

 

 

PP56

Unpaid Bank Fee Japan

X

 

 

X

 

 

 

 

 

X

 

 

 

 

PP57

Unpaid Tax Japan

X

 

 

X

 

 

 

 

 

X

 

 

 

 

PP58

Stamp Duty

X

 

 

X

 

 

 

 

 

X

 

 

 

 

PP59

Stamp

X

 

 

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

 

 

 

 

 

 

 

 

 

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 to pay, it will be a credit 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 tax originally was posted on the debit side for supplier invoices, it will be reduced as a credit posting.

 

 

Debit or credit posting: The debt is reduced "too much" so that an asset is created. These payments are posted as debits.

 

 

Debit or credit posting: Normally a debit 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 supplier invoices are debited.

 

 

Debit or credit posting: This account will have as much debit postings as credit. When printing the check, the account is credited. When cashing the check, the account is debited in order to balance the credit of the cash account.

 

 

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

 

 

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: Normally a debit posting.

 

 

Debit or credit posting: Normally a debit posting.

 

PP58 Description of use: Supplier Payment Orders, Create Bill of Exchange and Supplier Bills of Exchange. When stamp duty is posted together with the bill of exchange postings, this posting type will be used to post the entry of the stamp duty.

 

Debit or credit posting: The payment of stamp duty will result in a debit posting.

 

PP59 Description of use: Supplier Payment Orders, Create Bill of Exchange and Supplier Bills of Exchange. When stamp duty is posted together with the bill of exchange postings, this posting type will be used to post the entry of the stamp duty.

 

Debit or credit posting: Credit posting. When stamp duty is paid, it decreases the Stamps asset.

 

PP60 Description of use: Customer Payment and Acknowledge Customer Payment Orders, create payment and  create Check payment, create Bill of Exchange and Mixed Payment. When the preliminary tax amount is changed at the time of payment, the tax difference will be posted to the account specified from this posting type. This is applicable only for tax codes with the Payment method, where the real tax transaction is created at the time of payment.

 

PP61 Description of use: Customer Payment, Customer Offset, Netting, Acknowledge Customer Payment Orders create Check payment, Mixed Payment.  When the tax currency exchange rate is different to the invoice currency exchange rate at the time of payment, such that the net result is a realized currency loss, this posting type will define the correct account. This is applicable for the tax codes with the Payment method, where the real tax transaction is created at the time of payment.

 

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

 

PP62 Description of use: Customer Payment, Customer Offset and Acknowledge Customer Payment Orders, create payment , create Check payment and Payment, Mixed Payment. When the Tax currency exchange rate is different to the invoice currency exchange rate at the time of the invoice entry, such that the net result is a realized currency gain, this posting type will define the correct account. This is applicable for tax codes with the Payment method, where the real tax transaction is created at the time of payment.

 

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

 

Business Events in Payment

 

Supplier manual payments

 

 

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 to pay, it will be a credit posting.

 

 

Debit or credit posting: It will be posted as a cost on the debit side.

 

 

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

 

 

Debit or credit posting: The debt is reduced "too much" so that an asset is created. These payments are posted as debits.

 

 

PP12 Description of use: Supplier Paymentt. When the currency exchange rate is changed compared with the rate at the time of the invoice entry so that the net result is a currency loss. This posting type sets the proper account for that.

 

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 supplier invoices are debited.

 

Supplier Automatic Payment

 

 

Debit or credit posting: Credit postings for suppliers.

 

 

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

 

 

Debit or credit posting: The debt is reduced "too much" so that an asset is created. These payments are posted as debits.

 

 

Debit or credit posting: Normally a debit posting.

 

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

 

 

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

 

 

DDebit or credit posting: Normal supplier invoices are debited.

Supplier Check Payment

 

 

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

 

 

Debit or credit posting: Normal supplier invoices are debited.

 

 

Debit or credit posting: This account will have as much debit postings as credit. When printing the check, the account is credited. When cashing the check, the account is debited in order to balance the credit of the cash account.

 

Prerequisitess

 

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.