Payment terms

[Former Member]

Hi,

Looking for help. I have to create payment terms as below for a customer who is also a vendor

Payment should be due 60 days from the invoice date with 30th of the month to be fixed date.

I have created a payment term as below for the above requirment.

Account type tab:

selected both vendor & customer.

Baseline date calculation tab:

fixed day field= 30

Default for baseline date tab:

have selected document date

Payment terms tab

No. of days feild= 60

Have i done the right thing in OBB8, if yes how can i test whether it is working.

Thank you in advance.

[Former Member · Accepted solution]

Hi,

Yes, you have done the correct settings.

You can do the testing in your development client with FB70(Customer Inv) or FB60(Vendor Inv) to verify the result.

Post the invoice, choose the payment term that you created and you can view the result with

FBL5N(Customer Line Item Disp) or FBL1N(Vendor Line Item Disp).

Here the example of the result.

Document date : 15 Aug 2008

Baseline Date : 30 Aug 2008 (This is because 30th fixed date)

Payment Term : 60 days

Net due date : 29 Oct 2008

[Former Member · Accepted solution]

Your answer was perfect.Thank you for that. I have assigned maximum score for you.

[Former Member]

Hi,

You have done the correct settings for the payment terms.

In FB60 (Vendor Invoice), select a vendor who has the same payment terms as you created and post a invoice. The 60 days will be calculated as the net due date from the invoice date entered in FB60. This you can see in FBL1N for the open invoices of the vendor.

Regards,

Ramanand

[Former Member]

PAYMENT TERM DETAIS STORED IN TABLE TO52

U CAN GOT TO OBB8

SELECT UTILITIES TAB

SELECT CHNAGE LOGS

AND GIVE DATE RANGES

TO SEE THE CHANGES MADE IN U R SYSTEM

SUMATHI NATESH

[Former Member]

Hi

Please let me know would could be the results. Is it Terms of payment or payment terms one and same.

If you any further issues. Please let me know. I am waiting for to solve the issue.

Regards

Pelley

[Former Member]

I meant terms of payment in transaction code 0BB8.

Hope to hear back from you

[srinivasa_maruvada]

Hi

Enter payment terms in vendor master.

Goto TCode F-02 and enter pk= 31 and for pk 40= any relevant GL account and check whether same payment terms are pciking or not check no of days also in the line item.

Cheers

Srinivas