on 05-15-2010 12:49 PM
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
Hello Saurav
If your issue is solved, then kindly close the thread and share your feedback.
Thanks & Regards
JP
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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.
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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
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> 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
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