Hi Godavari,
You decide whether to permit negative postings at company code level. The corresponding setting in the company code table is also effective for Contract Accounts Receivable and Payable. You make the setting for the company code (negative postings possible) in the Implementation Guide for Financial Accounting under Financial Accounting Global Settings→ Company Code → Check and Supplement Global Parameters.
In addition, in Contract Accounts Receivable and Payable, the document type decides whether a posting may be posted negatively. You can designate a document type such that negative postings are always created, or such that negative postings are only created for corrections in the same fiscal year. You make the setting for the document type in the Implementation Guide for Contract Accounts Receivable and Payable under Basic Functions→Postings and Documents → Document → Maintain Document Account Assignments → Document Types →Maintain Document Types and Assign Number Ranges. For more information about the setting for the document type, see the field documentation for the field Negative Posting.
The main and subtransactions that you want to define for a negative clearing (example: Payments on Account) are in the Implementation Guide for Contract Accounts Receivable and Payable under Basic Functions→ Postings and Documents → Document → Maintain Document Account Assignments → Maintain Subtransactions.
Thanks,
G Rajendhar.
