What is 'down payment request' in SAP PS-FIO - Fiori UI for Project System?

down payment request - Overview

• Component: PS-FIO

• Component Name: Fiori UI for Project System

• Description: A billing type assigned to billing plan items to receive cash from a customer without any relation to the services delivered in a project. It is money paid upfront before the actual service has taken place. In contrast to the already existing ‘On-Account’ functionality, down payment request postings cannot be posted as revenue but must be shown as noted items and without outgoing tax.

down payment request - Details

• 
  Key Concepts: 
  A down payment request is a document used in SAP Project System (PS) to request a payment from a customer before the completion of a project. It is created in the PS-FIO Fiori UI for Project System and is used to manage the financial aspects of a project. The down payment request contains information about the customer, the project, and the amount of money requested. 
  
  How to use it: 
  To create a down payment request in the PS-FIO Fiori UI for Project System, first select the project for which you want to create the request. Then enter the customer information and the amount of money requested. Finally, submit the request for approval. 
  
  Tips & Tricks: 
  When creating a down payment request, make sure to include all relevant information about the customer and project. This will help ensure that the request is approved quickly and efficiently. 
  
  Related Information: 
  For more information on creating down payment requests in SAP Project System, please refer to SAP Help documentation.