Penalty charges to Customer
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....
G Lakshmipathi replied
You can go with TCode FINT.
Check this thread
[Difference between FINT and F.24 for interest calculation |Difference between FINT and F.24 for interest calculation]
You can also have a look at note
a) 912714 and
though many notes are there on interest calculation.