Milestone/downpayment/invoice

[Former Member]

Dear Frnds,

I have a few issues working with billing plan............pls do assist

I am currently using Milestone billing plan for customer transactions. The client billing plan has booking amount, next installment and Final instalmenl after 50 days from booking.

They want to show all payments as advance and then at the end when there is transfer of possesssion they want to generate the invoice. I have the following issues

1) When the line item is due I create a down payment request ......but now the problem is when i try to create a invoice it says account posting not reqd( not picking up the values in invoice)

2) The client gives receipt when a downpayment is received......is there a standard tat can be used or it will have to be generated.

I think i need to make changes in the billing plan -

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firstly because the billing date is not the invoice date and secondly because when i create the downpayment req status changes to completed ....soo there is sme problem but i dont knw what is to be done

Regards

maddy

[Former Member · Accepted solution]

Hi,

For your scenerio you should have 3 billing dates in sales order.

1) downpayment request 20%

2) First Installment amount 40%

3) Final amount. 60%

Downpayment request values will be posted to special G/L account ( Noted Item). Check OBXR and OBXB t.codes.

when you recieve downpayment amount from customer, FI people post the downpayment amount (F-29).

Now you can create billing document for 40% and 60%.

I hope you maintained proper information in billing plan.Check the entries in OVBJ t.code

you have to maintain 3 combinations here for your scenerio. Maintain Billing rule 4 or 5 for downpayment request. and billing type FAZ.

For other 2 combinations you can use billing rule 1 or 2.

Regards,

Chandrasekhar

[Former Member]

Hi Maddy

1) When the line item is due I create a down payment request ......but now the problem is when i try to create a invoice it says account posting not reqd( not picking up the values in invoice)

Yes, its true. When you have created downpayment invoice for full amount, Zero amount will left for final invoice. And no accounting document required for Zero value invoice.

2) The client gives receipt when a downpayment is received......is there a standard tat can be used or it will have to be generated.

You can use Output type at downpayment level.