Advance Payment Scenario
Hi all SAP experts,
I have a payment term as under:
50% at the time of order confirmation
40% at the time of delivery
10% after installation & testing.
This means that there are 2 payments thaat need to be received from the customer before the actual invoice is created.
1. How do we map this scenario in SAP?
2. Do I have to create 3 advance payment requests with reference to the sales order?
3. At the time of actual invoice creation how do we settle the advance payments received earlier against the main invoice. To complete the sales cycle i need to create an invoice for the delivery created.
Please guide me how to solve this issue.