Incoming Payment from Vendors
In case of following scenario incoming payment from Vendors will be applicable
Rejection of material after payment to Vendors
Refund of advance payment due to cancellation of Purchase order
Recovery of salvages done on behalf of vendor
Recovery of advance payment /Rent deposit from employees
Income tax/Sales tax etc refund from statutory vendor
Following SAP T Code to be used
Incoming payment from Vendors- F-52
After receipt of cheque from Vendor, Accounts department will post the cheque in respective vendor account by using T Code F-52.
Accounting entry generated at the time of posting the payment
Bank incoming clg a/c Dr
To Vendor Cr
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SAP FI AP AR Configuration Document
SAP FI Accounts Payable (AP) End User Documents
SAP Account Payable Concept Presentation
