Payment terms

[Former Member]

Hai Guru,s

I am unable to create Client desired payment terms with desired Description in IMGSD-Master Data--Business Partners-Customers-Billing Document----

---

Define Terms of Payment.....

plz help me

Z001----

10 % Advance Payment immediately along with Purchase Order

10 % DAP Payment immediately along with Design Approval

20 % On Material Receipt immediately from the date of receipt of Advance Bank Guarantee

50 % After Despatch immediately from the date of receipt of Material and Excise Invoice

10 % Final Acceptance Payment immediately from the date of receipt of Material and Performance Bank Guarantee

Thank u

Edited by: sree sree on Oct 17, 2008 11:44 AM

[Former Member]

Hi,

Once the advance payment comes in the scenario, it will be treated as 'Down payment'. Pl check more threads for down payment.

[Former Member]

Dear all,

How i configure the above payment term for the client description

plz ..Thank u

[Former Member]

Hi,

Your scenario is not possible with payment terms.

Try with milestone billing ( % basis)

IMG>SD> Billing>Billing Plan

Regards,

Chandra