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Payment term -PREPAID 30%, BALANCE DUE NET 30

Former Member
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Hi Friends,

How to set the payment term -PREPAID 30%, BALANCE DUE NET 30

Thanks a lot,

Linda

Accepted Solutions (0)

Answers (1)

Answers (1)

Shiva_Ram
Active Contributor
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You can refer/copy the terms of payment CA45 in t.code OBB8. Inside check the box installment payment. Then in t.code OBB9, make entries similar to CA45 (two entries), but with percent as 30 and 70.

Regards,

Former Member
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Hi Shiva Ram

Thank you for your response.

I've checked but seems that we don't have CA45 term in our system..would you let me know the detail of it's setting please?

Thanks,

Linda

jpfriends079
Active Contributor
0 Kudos

This you will not be able to achieve through Standard payment terms.

To get payment terms as

PREPAID 30%, BALANCE DUE NET 30

In TCode OBB8, create 3 payment terms:

Payment Terms

Payment Description

Account Type

Remarks

Z001

30% Prepaid & Balance Net Due

Customer

in payment terms section - tick Installment payment

Refer standard payment term 0009

Z002

30% Prepaid

Customer

Z003

Balance Net Due

Customer

In tcode OBB9.

maintain installment for Z001 or main payment term

Main Payment Term

Install Seq

%

Ref Payment Term

Z001

1

30.000

Z002

Z001

2

70.000

Z003

So, your payment Z001 - 30% Prepaid & Balance Net Due is ready to use in sales order.

Regards

JP

Former Member
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Hi Prakash Jyoti ,

Thanks for response.

Please advise more about Z002. Where should I maintain to reflect the 30% prepaid.

thanks,

Linda

jpfriends079
Active Contributor
0 Kudos

In tcode OBB9.

maintain installment for Z001 or main payment term

||Main Payment Term||Install Seq||%||Ref Payment Term||

|Z001|1|30.000|Z002|

|Z001 |2|70.000|Z003|

No need to define any % in TCode OBB8 in Z002 as entry in TCode OBB9 as highlighted in blue above, for 30% prepaid ( or you may also say it as 30% advance payment or 30% down-payment ) will be able to suffice your requirement.

Result: With this when you post billing doc to accounts, then you will find 2 line items(one for 30% & 70% Value) for Customer receivable account. Then you can use TCode F-32 for clearing advance payment received against 30% entry and use F-28 for receiving payment against net due.

For further understanding/reference, you can refer one my previous response in following SDN thread for better understanding.

-

Which also talks about Billing Plan as an alternative option for your requirement.

Regards

JP