Installment terms of payment

[Former Member]

Dear Experts,

Our client's terms of payment for their cutomers is three installment.

Product worth INR 10000 + taxes worth INR 150

10% first installment of basic price

80% second instllment of basic price plus entire amount of taxes i.e. 150.00

10% third installment of basic price

How do we configure that the tax amount is only included in the second installment.

Because the way I am trying - when invoice is raised, even the tax amount is getting split into three installments.

Thanks for your assitance

Sanjay

[Former Member]

Thanks

[Former Member]

Hi Sanjay ,

For that you go through t.codes OBB8 &OBB9

In OBB8 in payment terms have additionally you have to select installment payment check box

In OBB9 give the percentages of incoming payment

Maybe this information is useful to you

Regards

Surya

[Former Member]

Dear Surya

Thanks for your reply.

But using this the entire amount Base price + taxes get split into three installments.

I want the taxes to figure only during the second installment.

Base - 10000, taxes 150

i.e. 1st in - 1000 // 2nd in - 8000+150 // 3rd in - 1000

But even 150.00 is getting split in three installments which i do not want

thanks

Sanjay

[Former Member]

Hi Sanjay,

For that you give like in OBB9

1.installment-1000

2.installment-8150

3.installment-1000

Regards

Surya

[Former Member]

Hi Surya,

But how can we assign individual amounts in OBB9. It has to be in % of the value of invoice.

Thanks

Sanjay

[Former Member]

Hi Sanjay,

I had this requirement once, but couldn't find any solution (in fact, the question still remains open in this forum for the past 1 year). What I finally did was to enable amount split in OBY6 for the company code. This opens up an additional tab in FB60 / MIRO where you can manually split the total vendor due into any no. of installments you want and assign each of those installments to different payment method / terms of payment.

Srikanth

[Former Member]

Dear Srikanth

Many thanks for your reply, but our need is to split a customer invoice and not vendor.

Do you have any more suggesstions, will apprecaite.

Also i tried your suggestion for FB60, where does the addl. tab open up? in which field or tab of FB60

Best Rgds

Sanjay

[Former Member]

When you run FB60, you normally see five tabs in header section - Basic data, Payment, Details, Tax and Notes. When you Enable Amount Split in OBY6 for your company code and rerun FB60, you will see an additional tab titled 'Amount split' before the last tab 'Notes'.

By the way, the above change in OBY6 works for FB70 (customer invoice) as well.