Billing Plan vs Installment Billing

[Former Member]

Hi. Need suggestions on the better way to handle this scenario --

We are using RE Sales for a project. RE Sales is just an extension of SD so the settings (doc types, pricing, etc.) are still done in SD. We have a problem with the billing though.

Here's the scenario:

For example, we are selling a condo unit worth 100K.

Deposit = 10K

Remaining amount (to be paid in 9 monthly installments) = 90K

What is the best way to handle the billing for the 90K? Should it be done via Billing Plan? Or should it be through Installment Billing?

Do you have any materials on how to configure this?

Thanks!

[Former Member]

Hi

Both the options are open. But personally I feel that the installment Plan is an easier way out. Nevertheless, many companies use the Milestone billing process for Downpayments clearing as well. So just check out the below links and apply whatever suits your organization and requirement , the best.

<a href="http://help.sap.com/saphelp_47x200/helpdata/en/4a/ac853478616434e10000009b38f83b/frameset.htm">Milestone Billing with Down Payment Clearing</a>

<a href="http://help.sap.com/saphelp_47x200/helpdata/en/4a/ac853478616434e10000009b38f83b/frameset.htm">Installment Plan</a>

Cheers !

[Former Member]

Thanks for the reply.

If we use Installment Plan, how can this handle downpayments?

How can it take into consideration that the amount for installment payments should be net of the downpayment amount?

As in the example above, monthly installments should be based on 90K instead of the full sale price of 100K.