Late payment Charges for customers

[Former Member]

Hi

How do we set up the below scenario

When a customer doesn't pay the due say within 10 days, will be charged with of the 1.5 % of the Invoice alue.Subsequently if not paid in 20 days he will be charged 3 % of Invoice Value.

Any help is appreciate.Points will be definetly rewarded

Ramesh

[Former Member]

Is there any steps to configure Interest charges on customer payment.

[Former Member]

Hi,

Try including the cond SKTO in your pricing procedure.

Regards,

Saurabh

[Former Member]

Hi Ramesh,

In SAP, in Accounts recievable, you have a functionality called interest calculation. This is the best way to do a surcharge or late payment.

The functionality works this way that if your invoice has become overdue than an interest is calculated and put into the customers payable account and when a statement is sent to the client it shows these interest charges. These statements are payment statements developed by FI consultants.

regards,

Abhishek

[Former Member]

Hi Abhishek

Can you please send documentation or steps to configure Interest charges

Ramesh

[former_member204513]

Hi Ramesh,

You may get this requirement through terms of payment, try to create new Terms Of Payment with these specifications.

Img menu path to create terms of payment is IMG--> Sales and distribution >Master data>Business partners -->Customers --> billing document -->define Terms Of Payment.

I hope it will help you,

Thanks,

Murali.

[Former Member]

Murali

I did try with payment terms but was unable to configure the requirement.Tell me how to configure.

Else if any user exit is required please suggest.

Ramesh