BILLING SSUE

[Former Member]

Dear All ,

This is a very peculiar situation.The invoicing is being done in to steps

95% Billing-5% is deducted from the basic price and a 95% invoice is raised.

The Customer after sending us a Receipt Note(Confirmed Qty).Based on this Received Note the remaining 5 % is raised .The Received Note is sent every fortnight.

IPLEASE HELP

[jpfriends079 · Accepted solution]

Hello Saurav

If your issue is solved, then kindly close the thread and share your feedback.

Thanks & Regards

JP

[Former Member]

Hi Saurav,

This is not a very peculiar situation.

Use milestone billing for your customer.

Mile stone with 2 lines, first for 95% and second for 5%.

Initially both will be blocked. Release the billing block for 95% first. and after Receipt Note, remove the billing block of remianing 5%.

Milestone billing will be the best solution for your issue.

[Former Member]

Hi Saurav;

Here I will sugest you to talk to client & discuss other option. If customer is paying 95% after receipt of Invoice & 5% after giving receipt.

Bill for 100% invoice & deduct 5% from that amount. This net amount is payable immediately.

After receipt of confirmation receipt the 5% amount will be relased which FI guys can adjust against this Invoice.

I hope this will help you.

Regards;

Avinash

[jpfriends079]

> 95% Billing-5% is deducted from the basic price and a 95% invoice is raised. The Customer after sending us a Receipt Note(Confirmed Qty).Based on this Received Note the remaining 5 % is raised .The Received Note is sent every fortnight.

On SAP this can be mapped with help of 'Z' Payment Terms.

Z Payment term can be as following:

95% On receipt of RECEIPT NOTE & Bal 10% on confirmation of RECEIPT NOTE.

B'coz of this payment of term, the customer receivable will be split into 2 accounting entries.

You can ask your FI consultant to assist you in configuring a payment for the same.

Note, the main accounting entries happens from Confirmed Invoice wuth said Z payment term,

Ask an ABAPer to prepare a Z smartform for output of Receipt Note for 95% value and mention 5% on footer as reminder.

On confirmation of 95 % fortnightly scheduled for the rest 5% with Received Note. So, again u have to ask your ABAPer to prepare second Z smartform for output of Received Note 5%.

If you have any query, do let me know.

Thanks & Regards,

J Prakash