What is down payment request in SAP FI - Financial Accounting?

SAP Term: down payment request

• Component: FI

• Component Name: Financial Accounting

• Description: A request that a down payment be made at a certain time. Down payment requests are stored separately in the SAP System. Although they do not update transaction figures, they can be taken into account in dunning and automatic payment transactions.

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• Key Concepts: 
  A down payment request is a document used in SAP Financial Accounting (FI) to request a payment from a customer before goods or services are delivered. It is typically used when the customer has agreed to pay a certain amount of money upfront before the goods or services are delivered. The down payment request is then sent to the customer for approval and payment. 
  
  How to use it: 
  In SAP FI, the down payment request is created in the Accounts Receivable (AR) module. The user will enter the customer information, the amount of the down payment, and any other relevant information. Once the request is created, it can be sent to the customer for approval and payment. Once the customer has approved and paid the down payment, it can be posted to the customer’s account in SAP FI. 
  
  Tips & Tricks: 
  When creating a down payment request in SAP FI, it is important to ensure that all of the necessary information is included. This includes the customer’s name, address, contact information, and any other relevant information. Additionally, it is important to ensure that all of the necessary documents are attached to the request before it is sent to the customer for approval and payment. 
  
  Related Information: 
  For more information on down payments in SAP FI, please refer to SAP Help documentation or contact your local SAP support team. Additionally, there are many online resources available that provide detailed instructions on how to create and manage down payments in SAP FI.