payment terms

[Former Member]

We do have several paymnets, but

This is the new payment terms needs to be created

"By irrevocable confirmed LC"

any suggestions?

[Former Member · Accepted solution]

Well thankyou Mr. Lakshmipati

The client wants as

"Irrevocable confirmed LC with 90% at site and rest 10% after 300 days"

This is a UK customer to the client if i create new payment terms and put that for this customer, should there be created anything else? like any accounting...etc or its just that you create new payment terms and create export customer, thats it...?

I mean anything else should also be created if we have such payment terms or nothing is necessary?

[Former Member · Accepted solution]

Hi,

U have to maintain two types of payment term

1. in sustomer master sales area view.

2. In company code view.

Make this payment term in OBB8 and mention this in Company code view of the customer,

Thanks,

Raja

[Lakshmipathi · Accepted solution]

Apart from creating a new Payment Term, you also have to create L/C in VX11N. Once you give all the required datas and save, a reference number will be displayed at the bottom screen.

While creating sale order, at [header level Billing tab] there is a field [Financial Doc no] Maintain the above reference here and save the order.

thanks

G. Lakshmipathi

[Former Member · Accepted solution]

in vx11n

I took financial doc cat.: "Irrevocable confirmed"

financial doc. type : 01

gave ship to party and customer

then gave letter of credit currency

then it is asking for financial document value....what is this?? what is the value to be given?

after saving this...then as you said we have to do changes in sales order...right?

[Lakshmipathi · Accepted solution]

Financial document value is nothing but your [export sales order value]

In sales orders, no need to make any changes. Just you have to assign the reference as I already explained in Billing tab at header level in sales order. Once you assign this reference here, you cannot generate invoice over and above the L/C value unless you again increase the value via VX12N.

thanks

G. Lakshmipathi

[Former Member]

Hi,

Use OBB8 for creation of new payment terms

Thanks,

Raja

[Former Member]

attach this payment terms to the customer in Co Code View.

Edited by: Raghuram Saripalli on Jul 1, 2008 4:18 PM

Edited by: Raghuram Saripalli on Jul 1, 2008 4:19 PM

[Lakshmipathi]

Go to OBB8 and create a new Payment Terms according to your requirement.

thanks

G. Lakshmipathi