Posting Final Payments in fico

Use

In this transaction, you pay your vendor the amount that is still outstanding. Although you perform this transaction manually, you can also make the payment automatically using the payment program.

Procedure

1. Call up the transaction as follows:

Menu Path	Accounting ® Financial Accounting ® Accounts Payable ® Document Entry ® Outgoing Payment ® Post
Transaction Code	F-53

2. Enter the following data:

Field	Data
Document date	Today’s date +10 days
Posting date	Today’s date +10 days
Reference	Reference from the first process
Doc.header text	Final payment
Account (bank)	113100
Amount	100,920.00
Value date	Today’s date +10 days
Text	Final payment invoice no. and reference number from first transaction
Account (Vendor)	1006
Automatic search	Select



The above amount is made up of the amounts outlined below:

Invoice amount	116,000.00
Less cash discount	- 3,480.00
Less down payment:	-11,600.00

3. Choose Process open items.
4. Bypass any warning messages with .
5. A list of open items appears.

Assuming that no items have been activated, choose the invoice that you want to pay by double-clicking the corresponding amount in the EUR Gross column.

The amount entered and the amount assigned should be equal. Also, the amount in the field Not assigned should be zero.

6. Choose .
7. Make a note of the document number.
8. Choose .
9. In the Exit Editing dialog box, choose Yes.