advace payment

[Former Member]

HI,

In a busine process takes 20% advance payment before delivery & after delivery takes another 80% from customer.Please give me the soltuion how to generate invoice.

Thanks,

Miku.

[jpfriends079 · Accepted solution]

You can achieve this by simply by payment terms .

Where your business flow will be:

Sales Order - Pro Forma Invoice(with your payment term as 20% Immediate & 80% after Delivery) - Delivery - Actual Invoice - Accounting Entry with 2 line items 20% for Immediate payment & 80% for after Delivery confirmation.

Clear 20 % against your advance payment and 80 on actual payment.

NOTE: here no bill plan it involved and you can mainatin either for overall doc or for particular material & customer.

By relevant terms of payment you can achieve that.

For this take a help of FI consultant for payment terms.

Or maintain the same in tcode OBB8 for customer account type.

say,

Z001 20% Immediate & 80% after Delivery (in payment terms section - tick Installment payment)

Z002 95% Immediate

Z003 80% after Delivery

In tcode OBB9.

maintain installment

Z001- Z002 20% Immediate

Z001- Z003 80% after Delivery

Standard Example check Vendor Payment terms 2008, 2016 in tcode OBB8

Hope it can assist you.

Thanks & Regards

JP

[Former Member]

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