Gains or Losses from Payment Differences in SAP FICO

If a payment difference during clearing is within the predefined tolerances, the system can post it automatically.

The system does not require any additional entries to clear a difference by adjusting the cash discount. To post it however to a separate gain or loss account, it requires special rules to determine the appropriate account to post to.

The accounts can be determined based on the following three criteria:

Debit or credit
Select the debit or credit criterion to have different accounts posted to depending on whether the difference is an overpayment or underpayment.

Tax code
Select the tax code criterion to have different accounts posted to based on the tax code specified in each line item.

Reason code
Select the reason code criterion to have different accounts posted to based on the reason code specified in each line item.

If you choose to differentiate accounts by tax code and/or reason code, you have to specify accounts for each tax code and each reason code.

The system also requires the posting keys to debit and credit G/L accounts for automatic postings.

All of these settings are already made for the charts of accounts included in the standard system. If you do not use these charts of accounts, you will have to make the necessary settings yourself.