Milestone billing with Partial Dispatch

[Former Member]

Scenario..

1) The material we have is a large machine tool

2) We create a sales order for stage wise payments and raise down-payment requests for the advance and various stages of manufacture.

3) The M/c is assembled and checked for performance...

4) Since the machine is of large size it is now dismantled and dispatches of parts of the m/c take place.

5) We are not sure at the time of sales order as to what would be final configuration of the knocked down machine

6) The machine is packed -- child material of various sub-assembles are clubbed together and a packing list is prepared..

7) Delivery of these packs are made thru PS

😎 Now I want to bill this m/c with 70% of the payment to be realized at the time of dispatch..

However the 70% of the payment to be realized has to billed in 4-5 lots as per the delivery of the individual packs delivered.

How do I Do the final billing ??

Kindly Help

Regards

Somnath

[Former Member]

The billing plan for the sales order contains billing-relevant deadlines. As soon as you take away the billing block, you can carry out billing.

In billing those payments already made by the customer should be cleared. This happens because those payments already made are taken into the billing document as items to be cleared. They are set as items, after the billing items to which they refer, in the billing document. When printing (Report RVADIN01 with form RVINVOICE01) the customer receives for the down payment items the text ‘payments made’ printed out. The down payment item value corresponds to those down payments made.

There is no billing: Billing amount - Down payment amount = the remaining amount to be paid. The customer merely receives the information concerning which amount he can transport during payment.

You can change the proposed down payment amount for clearing manually. The reason for this can be that part of the down payment should be proposed for further billing. Calculation formula 48 in the pricing procedure for the condition type AZWR merely checks that the amount cannot be increased.

The down payments assigned to a billing document for clearing cause the system to offset all the completed payments against receivables in Financial Accounting (FI).

The total amount of the final invoice is automatically posted in FI as a receivable, and the allotted down payments are cleared directly (down payment clearing).The transaction is finished with the incoming payment posting and the open items are cleared. Postings made to the relevant general ledger account in Financial Accounting reduce the down payments left to be cleared.

Final Billing with Down Payment Clearing

The sales order billing plan also contains the final billing date. As soon as you take away the billing block, you can carry out final billing.

In billing those payments already made by the customer should be cleared. This happens because those payments already made are taken into the billing document as items to be cleared. They are set as items, after the billing items to which they refer, in the billing document. When printing (Report RVADIN01 with form RVINVOICE01) the customer receives the text ‘payments made’ printed out for the down payment items. The down payment item value corresponds to those down payments made and not yet cleared.

There is no billing. Billed amount - Down payment amount = remaining amount

to be paid. The customer merely receives the information concerning which amount he can transport during payment.

The down payments assigned to a billing document for clearing cause the system to offset all the completed payments against receivables in Financial Accounting (FI).

The total amount of the partial/final invoice is automatically posted in FI as a receivable, and the allotted down payments are cleared directly (down payment clearing).The transaction finishes when the incoming payment is posted and the open items are cleared. Postings made to the relevant general ledger account in Financial Accounting reduce the down payments left to be cleared.