on 01-23-2012 6:39 PM
Hi Friends,
How to set the payment term -PREPAID 30%, BALANCE DUE NET 30
Thanks a lot,
Linda
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,
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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
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
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