Customer Payment Terms

[Former Member]

Hi SD Gurus,

We have a requirement for a customer payment term with below mentioned break ups.

u2022 40% Advance

u2022 Another 30% in 45 days after invoicing

u2022 Remaining 30% in 75 days after invoicing

Request for your valuable suggestions in configuring the same.

Regards,

Vinod

[Former Member · Accepted solution]

first of all you have to maintain the 3 part of payment (u2022 40% , 30, 30) in OBB 9, then make new payment term in OBB 8, assign what have you done in obb 9 into your payment term (in obb8)

[Former Member]

HI,

You willl have to make an installment payment term using t code Obb9. basically this t code is of FI. Mentioned are steps.

First make a payment terms which is 40 % advacne. In that tick the installment payment ticj at the bottom of the setting.

Next suppose you want rest 60 % after 30 days of billing than make another payment term and in that take baseline date as posting date and payment due after 30 days. in this also tick installment payment

Now goto Obb9 and create a new payment term and over there link these two payment terms. You look at one of the example in Obb9 and it woudl be easy for you to understand.

[former_member905734]

HI Komal,

Our requirement is not of instalment payment.

We want to design a payment term as follows -

.40% Advance (Handled through down payments

u202230% in 45 days after Invoice Date

u202230% in 75 days after Invoice Date.

To test your recommendation i created 3 payments terms as per the data above in obb8.

Do i have to craete a new payment term (4th) n link it with the other 3 in OBB9.

Would appreciate your revert.

Regards,

Vinod

[Former Member]

Define any Payment Term > In Sales Text & Explanation - mention 40% advance.Select the Check Box as Customer.Rest of the settings would be as below :-

Term Percentage No. of days

1. 30 45

2. 30 75

Now there are some Radio Buttons like Document Date / Posting date. If you select Document Date then this Payment Term will be started after creating an Invoice.

Best Regards,

Ankur