Maintain Trade Note Posting Data by Payment/Receipt Method (tfcmg0114s000)

Use this session to define and generate the posting data for trade notes.

As you cannot assign a bank before you actually send the trade note to the bank, you cannot maintain trade note posting data per bank. Therefore, the trade notes posting data is maintained per payment method.

For every trade note payment/receipt method, you must define posting data for the debit entry and the credit entry for each trade note step for which posting is required.

To generate the posting data for the payment method, on the appropriate menu of the Payment/Receipt Method (tfcmg0140s000) session, click Generate Trade Note Posting Scheme.

The posting scheme must meet the following conditions:

  • For every step, a debit posting and a credit posting must be defined. All the postings must be balanced. The control account is not reversed in any other step.
  • If the Contra Post Previous Step account type is used, for TNR this account must always be credited and for TNP, this account must always be debited.
  • The Document Receivable or Document Payable account type is only enabled if you cleared the Replace Invoice by Trade Note check box.
Note: If you cleared the Posting Scheme by BP Group check box for the trade note type in the Trade Note Types (tfcmg0516m000) session, you do not need to run this session. In that case, LN generates the posting scheme based on the ledger accounts that you selected for the trade notes steps in the corresponding Ledger Accounts by Business Partner Group (tfacr0111m000) session in the Accounts Receivable module or the Accounts Payable module.

Field Information

Payment/Receipt Method

The payment/receipt method to which the trade note posting scheme is linked.

Descriptions

The description or name of the code.

Payment/Receipt Procedure Step

The procedure step for which you define the posting details. You must define posting details for every trade note procedure step that you selected on the Trade Notes tab of the Payment/Receipt Method (tfcmg0140s000) session.

Sequence Number

The sequence number that LN generates for each set of posting details.

Account Type

The account type for the posting.

The account types available depend on whether the payment method is for payments or for receipts and whether you selected or cleared the Posting Scheme by BP Group check box for the trade note type in the Trade Note Types (tfcmg0516m000) session.

Debit or Credit

The type of entry that is made to the ledger account.

Ledger Account

The ledger accounts to which this trade note step must be posted.

Ledger Account Description

The description or name of the code.

Tax Country/Code

The dimension to which this trade note step must be posted.

Amount Type

The type of amount.

In the following situations, the amount type must be Total amount:

  • If deductions are not allowed for the payment method. The deduction related information is disabled.
  • If the account type is used for the first step and the Account Type is one of the following:
    • Control Account.
    • Anticipated Payments/Receipts.
    • Document Receivable.
    • Document Payable.

Else, the amount type is Paid amount.

Post Deductions

The type of account to which deductions must be posted.

You can only select an account type if you selected the Allow Discounts on TN check box for the method in the Trade Note Types (tfcmg0516m000) session.

The account type can be:

  • Interim account. The deductions are posted to the ledger account that you selected for Deductions Ant. Receipts transactions in the Ledger Accounts by Business Partner Group (tfacr0111m000) session.
  • Actual account. The deductions are posted to the ledger account that you selected for Discount transactions or for the Payment Differences transactions in the Ledger Accounts by Business Partner Group (tfacr0111m000) session.

If the trade note replaces the invoice, you must select Actual account. If the trade note replaces the invoice, the deductions cannot be posted to interim accounts because the invoice is closed and the trade note is for the net amount.

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