Penalty charges to Customer

[Former Member]

Dear Gurus,

I want to configure new payment term where if customer dont pay within 30 days we want to charge 3 % penelty and if customer dont pay within 60 days we want to charge 5% penalty.

How can I configure such payment term in SD?

I had check in payment term details where the fields available are for discount..but not for penalty...

Can anyone please guide....

regards,

shyam

[Lakshmipathi · Accepted solution]

You can go with TCode FINT.

Check this thread

[Difference between FINT and F.24 for interest calculation |]

You can also have a look at note

a) 912714 and

b) 1164996

though many notes are there on interest calculation.

thanks

G. Lakshmipathi

[Former Member]

Thank you very much.