Installment payments with single invoice

[Former Member]

Dear all,

I have a requirement in which the company will create a sales order with a payment plan (e.g. %10, %30, %15, %45 of four installment) but this sales order should be billed at the beginning with full amount.

So I should be billing the customer in full in the beginning but I should be recording the expected payments according to the payment plan.

I tried to use the billing plan but in this case, the billing is done according to the plan, which is not wanted.

I can not use payment terms in item level because the installment payment plan is not dependent on the items. It should be at header level and can be anything.

Please propose me a solution for this requirement. Points will be rewarded.

Thanks in advance.

Serkan

[jpfriends079 · Accepted solution]

Installment payment terms will suit your requirement:

1. payment plan in sales order 
2. e.g. %10, %30, %15, %45 of four installment
3. sales order should be billed at the beginning with full amount

To achieve your above requirement, please follow following steps in the configuration of payment terms:

In TCode OBB8, create 5 payment terms:

Z000	Payment Plan 10, 30, 15, 45	Customer	in payment terms section - tick Installment payment you can refer std payment term 0009 for this
Z001	10% - 1st Payment	Customer
Z002	30 % - 2nd Payment	Customer
Z003	10 % - 3rd Payment	Customer
Z004	45% - Final Payment	Customer

Now, each installment payment can have their own characteristics like net due or 2% discount if paid in 10 days, etc.

In tcode OBB9.

maintain installment for Z000 or main payment term

Z000	1	10.000	Z001
Z000	2	30.00	Z002
Z000	3	10.00	Z003
Z000	4	45.000	Z004

So, your payment "Z000 - Payment Plan 10, 30, 15, 45" is ready to use in sales order.

Thanks, JP

[former_member184080]

HI Serkan,

Further to JP's explanation, please find the below document which explains how it works in SAP. The scenario what you are asking can be achievable with Installment payment terms concept.

http://scn.sap.com/docs/DOC-32071

Regards, Sai Krishna.