Vendor balance transfer

Introduction

Introduction

Introduction

Overview

   This window is used to transfer the vendor debit balance to another organization.

Business Case

   Child organizations purchase material and the amount paid by the parent organization. The parent organization can transfer the vendor balance to their sister organization by using this vendor balance transfer process.

Vendor balance transfer

Vendor balance transfer

BP Balance transfer

VBT.JPG

Parameters :

1) Organisation: It is used to select the payment in which the Organisation has been done.

2) Inter-Organization: It is used to mention for which Organisation payment has been made.

3) Business Partner: It is used to mention for which vendor payment has been made.

4) Charge: The Charge indicates a type of Charge (to select interunit transfer account)

5) Amount: The amount paid for the vendor to be mentioned.

6) Document Type: The Document Type determines document sequence and processing rules.

7) Account Date : The Accounting Date indicates the date to be used on the General Ledger account entries generated from this document. It is also used for any currency conversion.

Process :

1) By using this process we can able to generate Credit Notes & Debit Notes.

2) It is used to track the actual amount paid to the vendor based on purchase order & Invoice vendor.