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Hi,
A. Raise a customer invoice for annual rent, say 3Lac (debit customer credit pre received rent liability)
B. Create a time schedule variant in IMG (of 12 Months)
C. Collect 3Lac Money (Debit Bank Credit Customer)
D. Create Recurr. Entry T Code FBD1 (debit Pre received Rent 0.25Lac Credit Rent Income 0.25Lac)
E. Execute Recurr. Entry each month as per time schedule T.Code F.14
* can also use spl g l entry for down pmt
Regards,
VidhyaDhar
| | | ---------------Original Message---------------
From: Nely Fernandez
Sent: Monday, October 17, 2011 2:20 AM
Subject: Prepaid Expenses Amortized Per Month
Hi,
What is the standard process in SAP to amortize prepaid expenses monthly? If we have multiple documents posted in FI with different GL accounts to be.
Example FI entries posted Oct 2011.
Doc# 1- Dr-Prepaid rental income - 10,000.00 ) client 1
Doc# 2- Dr-Prepaid rental income- 20,000.00 client 2
To be amortizing in 12 mos. starting Nov 2011 to Oct 2012.
Entry:
Dr- Prepaid rental income - 2,500.00 (for doc1&2)
Cr- Rental income - 2,500.00
This is to recognize rental income and close prepaid rental income both for Nov only. (P30,000.00/12 mos)
What is the t-code? Do we make FI entry per document to be amortized? Is it possible to amortize in single entry with different GL accounts?
Thanks so much for the help.
Regards,
nely |
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