terms of payment

[Former Member]

hi all sd gurus

can some body tell me this,

when this terms of payment is caliculated

for example ..within 15dyas of payment 1% discount.....when this is caliculated

becoz we dont maintain any codtions?

regards

vivek

[Former Member · Accepted solution]

We use SKTO condition type to calculate payment terms in pricing procedure.

Reward me if it helps

[Former Member]

hi ,

the terms of payment are maintained in the company code data and the sales area data of customer master.

when you are doing billing the terms of payment maintained in the sales area data will be copied.

when checking the invoice the terms of payment maintained in the sales area data or company code data are used.

normally both the terms of payment will be same

Please reward points if the answer is helpful

Regards,

Murali

[Former Member]

Hi Vivek,

It is maintained in the customer master and calculated from the day the billing document is created.

In means that if the customer pays the invoice amount within 15 days he would get a discount of 1%. It would play a role when the financial posting takes place during the invoice payment.

Regards

Nadarajah Pratheb

[Former Member]

thanks for ur replies,

pratheb

but who does this setting,is ita fi consultant...?

regards

vivek

[Former Member]

As SD consultant we will do the settings in the pricing procedure in T.code:V/08.

With the condition type SKTO we maintain

statistical value: Check

Requirement: 9 - Qualified for Cash Discount

AltCBV: 11 - Cash Discount Base.

Regards

AK

[Former Member]

It would be maintained in the master records by the SD consultant. The value to be entered would be given by the finance team.

Regards

Nadarajah Pratheb

[Former Member]

thanks

i had a doubt about this becoz after the payment only this sud be settled,

regards

vivek

[Former Member]

Hi Vivek,

The discount would be settled while the payments are being made.

Consider an invoice for $100 with payment terms as 1% discount within 15 days. Now if the customer is settling the invoice within 15 days from the date of billing he would have to make a payment of $99 only. This value of $99 would be posted in the financail books and billing document would be cleared and completed.

Regards

Nadarajah Pratheb

[Former Member]

Terms of payment are entered in the pricing procedure using the condition type SKTO. This will pick up the percentage from the payment terms from Customer master or Sales order and will list it as a statistical value in the sales order pricing procedure.

This payment terms will get activated in the billing document and can be seen during clearing of the accounting document in T.Code: f-28

Regards

AK