Installments through Terms of paymenet

[Former Member]

Hi,

Could somebody explain to me as to how a customer may be invoiced in installments by using the 'terms of payment' functionality.

Sri

[former_member217082]

Hi srimurugan

Hi

Your scenario can me mapped into SAP as a down payments

configuration

item category group - 0005

item category - TAO

for this item category already a billing plan is set

now when create a sales order and enter a material and then go to item data a billing plan tab will be there in the sales order. go to that billing plan tab

Now go and enter the dates , in your example

material - mat1

start date 01.03.2008 net value :1lakh

date bt blocked bd block billing plan bill type

01.03.2008 0009 10% 02 5 FAZ

01.04.2008 0009 25% 02 5 FAZ

01.06.2008 0009 35% 02 5 FAZ

01.07.2008 0009 35% 02 5 FAZ

Fill the start date, the dates u neeed as i have entered and the 0009 number automatically remaining will get triggered. enter the billing type manually as FAZ or else it will take F1. , and the place where 5 has been put by default 1 will come change it to 5

Billing document type - FAZ

Cancellation Billing document type - FAS

the above is the example . i hope nw you can map into SAP.

Reward points if useful and any queries let me know

Regards

Srianth

[Former Member]

hi ..

goto OBB8 and configure payment term suppose Z001, in it tick installment plan

now create payment terms for installment

suppose

30% in first 15days

40% in next 45 days

30% in next 30 days

then create ZR01, Zr02 and ZR03 as 3 payment terms for 15, 45 and 30 days

now goto OBB9 and assign

Z001 30% ZR01

Z001 40% Zr02

Z001 30% Zr03

save it

now assign Z001 to customer, yr installment payment will work

Reward if useful

Krishna

[Former Member]

Hi Krishna,

I would be most grateful if could explain -

'then create ZR01, Zr02 and ZR03 as 3 payment terms for 15, 45 and 30 days '

in more detail ...

My scenario is that I want to create a half yearly payment schedule.

Sri

[Former Member]

Hi...

goto OBB8 and create

ZR01 -

---

as one payment term and give the days in it .. i.e 30 days

then again create new

ZR02 .............. as another payment term and give 45 days suppose

then again create new

ZR03 ..............as another payment term and give 80 days in it...

Now u have net 4 payment terms created.... first one being Z001 with instalment plan ticked in it.

Now goto Obb9

and assign

Z001 -

---

30% -

---

ZR01

Z001 -

---

40% -

---

ZR02

Z001..............30%.............Zr03

this is normal payment temrs

if u r using any billing plan then it comes in billing plan itself.

like billing plan in item details

Reward

krishna

[Former Member]

Hi

Terms of payment should not be used for that purpose.. you can use billing plan for installmemt billing...

Terms of payment is used for credit management and cash discount.

muthu