Day Limit in Payment Terms

Hello Gurus
What is the "Day Limit" in Payment terms.
If there is multiple day limit for a single payment term,which will be determined in the Purchase order?
With Regards

Purchase order will just so all the day limit but when you post the invoice that time based on the invoice date system will take the discount defined inthe payment term based on the days limit
e.g
your payment term is
10 day 5 %
20 day 2 %
30 days 0 %
now suppose you are posting the invoice after 10 days than system will pull the discount 2 %
that's how system is works

Similar Messages

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    Thanks, You were right. It runs well for the sales order with out delivery. After I create delivery in reference to this sales order and change payment terms in sales order there is no new credit control check.
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  • Day limited in payment terms

    Hello All,
    Can anyone please let me know the meaning and usage of "Day Limit" with a business example please.
    Thank you,
    Srinivas

    Day of the month up until which the corresponding terms are valid.
         For terms of payment which depend on whether or not the baseline date is after or before the 15th of the month, you can define a two-part payment term under the same terms of payment key. The terms of payment key is expanded by the day limit entered here. Thus there are two entries in which different terms can be specified.
    Example
         The following terms of payment require you to enter a day limit:
         o  Documents with an invoice date on or before the 15th of the month are
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         o  Documents with an invoice date after the 15th of the month are payable
            on the 15th of the month after the next month.
    Regards,
    Viswa

  • Re : Payment Terms 40 days due on 10 th month

    Needs Payment Term Configuration  :
    Payment Terms 40 days due on 10 th month
    Regards
    Chandu

    Hi,
    I presume that your requirement is 40 days due and payable on the 10th of next month.
    Here is my suggestion with an illustration.
    You can create a payment term, say xxxx, with -
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    payment terms / fixed date = 10
    payment terms/ additional months = 1
    and another payment term, with the same name xxxx, with
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    payment terms/ additional months = 2
    This will work as follows -
    An invoice dated 1st March, will get paid on April 10th, due date having fallen on April 9th
    An invvoice dated 2nd March will get paid on April 10th, due date having fallen on April 10th
    An invvoice dated 3rd March will get paid on May 10th, as it will be only 39 days due on April 10th
    An invoice dated 1st April, will get paid on May 10th, due date having fallen on May 10th
    An invvoice dated 2nd April will get paid on June 10th, as it will be only 39 days due on May10th
    An invvoice dated 1st Feb will get paid on April 10th, as it will be only 38 or 39 days due on March10th
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    Regards,
    Mike

  • Multiple payment term with different day limit

    We have three payment terms with multiple day limit. for example: ED11 (day limit 10),  ED11 (25 day limit) and ED11 (32 days).
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    Users feel that due date calculated is wrong. In most case it calculate the due date exactly based on the days mentioned in the payment term. In all cases, days mentioned are 90 days.
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    Best,
    Bala

    Hi,
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    IMG->Finacial Accounting->General Ledger Accounting->Accounts Receivable and accounts Payable->Business Transactions->Outgoing Invoices/Credit memos->Maintain Terms of Payment->Check No. of days in Payment terms.
    Assign points if u consider this to be useful.
    Thanks,
    Prithwiraj

  • Credit managment against payment terms  and credit limit

    Dear All,
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    2 Credit block with ref to credit limit given to customer,  they want credit block with reference to open order.open delivery and open invoice. Means system will check all open order,all open deliveries and all open invoice while considering credit limit.and give the block accordingly.
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    waiting for you valuable input.
    Thank you
    SD Consultant

    Hello,
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  • Payment terms should calculate Payment due date based on working days

    Hi Experts,
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    Thanks,
    Ravi

    You can not acheive from config pooint of view but you can use BADI and get the solution
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    o  ZBD1P: Discount percentage 1                                         
    o  ZBD2T: Discount days 2                                               
    o  ZBD2P: Discount percentage 2                                         
    o  ZBD3T: Deadline for net condition                                    
    o  ZLSPR: Key for payment block

  • Need to create payment term as 30/60/90/120/150/180 days

    Hi,
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    Sateesh

    Hi,
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    Eduardo

  • Payment terms configuration issue

    Hi All,
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    Sandip

    Sandip,
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  • Calendar date & net due date (FI) PAYMENT TERMS - OBB8 Vendor Invoice

    I read many posts on SDN forum about the topic.
    Anyway, I didn't find a simple solution for that.
    My aim is is to calculate a net due date based on working days.
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    FROM 12.05.2011 to 12.06.2011 =
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    Edited by: Roberto Buono on Jul 1, 2011 2:29 PM

    Hi,
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    There are four things you can try:
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    2. All the receivable reports will use a function module (usually the same one) to calculate the net due date; enhance the FM and make it consider a factory calendar for calculating due date.
    3. Enhance the accounting interface, and in runtime; modify the days that are coming from the payment term; based on a factory calendar, and update the accounting document. This delinks the days mentioned in the payment term and the accounting document and may not be palatable.
    4. Enhance the accounting interface, and in runtime; calculate the due date and update the baseline date with it and make the payment term as "Immediate" yielding the desired due date. Not very elegant.  Alternatively add to the baseline date days equivalent to holidays and weekends and keep the days from payment terms constant and update the accounting document. Better...
    All four options have somes pros and cons.  I do not see any other means of acheiving what you want.  Maybe you could restrict users to a custom receivables/due date/ageing report which delivers what you want and lock the standard reports.
    Cheers..

  • Vendor Invoice verification  payment terms

    Hi Experts,
    PO is having one item with Gross price,freight .
    Freight vendor is different from main vendor.
    Main vendor-PAYMENT TERMS-1% discount- 5 days
    Freight vendor--PAYMENT TERMS- pay immidiatly
    After making GRN and when i tried to post invoice in MIRO
    for freight  vendor,system is not calculating as per payment terms of  freight vendor and showing 1%discount as in main vendor payment terms
    Let me know how system can calculate freight value with out discount .
    I tried simuating invoice with PO reference,Vendor reference also in MIRO.
    Thanks ,
    Rama

    Hi
    Payment terms are defined in the PO at header level and hence the system takes the payment terms of the regular vendor for the freight vendor also.
    Check whether payment terms can be given at item level.
    If not possible then change the payment terms for the freight vendor manually while doing MIRO .
    while doing MIRO select PO reference and also planned delivery costs selection.
    Revert with ur comments..
    Reg
    Raja

  • Payment Terms Setup

    We are using Payment terms currently only for text purpose on Purchase Order. we define Payment terms with NO DEFAULT and un define no of days.
    Now I need to use no of days field for Abap report so that i can pick no of days of payment of Terms. My question is if I define no of days in payment of terms without changing any other setting then it would affect any where else in the system or not.
    Edited by: waqas.khan on Dec 28, 2011 5:02 PM

    I have rarely seen customizing that does not have any effect.
    if you currently have zero days in the payment terms, then the amount is immediatly due for payment.
    if you enter a value bigger than zero, then the payment becomes due at later point of time.
    if it is a payment term used in vendor masters, then the invoice would not be among the payment proposals if the number of days has not past.
    if it is at a customer master, then you would send a reminder at a later date.

  • Payment terms and discount voor the purchasing invoice

    Hi all,
    In the definitions of the payment terms, you can choose how the Due date should be based on: Document date, Posting date, System date or Closing date..we choose for the Document date. (due date = doc. date + 30 days)
    In the payment terms you can also define a cash discount if we pay the suppliers invoice within certain days, than we can deduct a discount of the total amount to be paid.
    So we define f.e. within 14 days, 2%.
    However the title of this colums says: Days after Posting date and the system also react like this.
    The posting date of the suppliers invoice can ofcourse be different as the document date of this suppl.invoice.
    F.e.: Suppliers Invoice: doc. date 30/9/2008, Posting date: 18/10/2008, Due Date 1/11/2008 (Doc.date + 30 days)
    Payment at 25/10/2008 by the payment wizard.
    The wizard still deduct 2 % as the due date of this invoice has not been reached, while the 2% should only be deducted if we pay before 14/10/2008.
    So as we defined the due date based on the Document date, but the cash discount uses the posting date. (column title)
    Is this wrong in the definitions or standard behaviour.
    How can I use the cash discount in the payment terms?
    Please advise.
    Best regards,
    Carl Verhagen

    Hi Peter,
    I'm talking about the A\R invoice.
    The supplier sent his invoice with document date 1/10/2008 and his payment terms is payment within 30 days.
    We receive the invoice at 3/10/2008 and after control etc. we will post the invoice at 7/10/2008.
    If we use the posting date as a base for the due date, the invoice have to be paid at 6/11/2008, but the suppliers due date is 31/10/2008 and that's a difference of 1 nearly week.
    If there are problems (f.e. caused by ourself) and the invoice will be booked at 20/10, we still have time to pay it before the due date 31/10 instead of 19/11/2008)
    I think that the supplier will not be amused if we use the posting date as the base for calculating the due date.
    We can discuss what's right to use, but SAP B1 gives the opportunity to choose between Doc.date, posting date and system date as a base for calculating the Due date but for cash discount it's automatically the posting date??
    Best regards,
    Carl Verhagen

  • Installment based payment terms

    SAP Gurus,
    Can you please tell me how to create installment based payment terms in sap.
    With any situable scenario......
    Regards.

    Hi,
    SAP provided standard installment payment terms:0009.
    Eg: 30% for 15 days, 40% f0r 30 dyas, 30% for 45 days installments
    Create one payment term: Z001 (here select installment in config)
    create  payment term for 15 days: Z015
    Create payment term for 30 days: Z030
    Create payment term for 45 days: Z045
    Now in this node: Define Terms of Payment for Installment Payments (obb9)
    Z009    instalment 1     30%   Z015
    Like that you assign all three payment terms to Z001
    Regards,
    Azeem

  • Payment term key with limit days in Extended Classic Scenario

    Hello,
    We have an SRM 4.0 implementation (SRM Server 5.0 with Support Package
    9) using the Extended Classic Scenario.
    When a shopping cart is created, it must be approved, and then a
    purchase order is generated (first locally at SRM, and then is
    replicated to the backend).
    The problem is that the payment term key (field at header level EKKO-
    ZTERM) of the backend purchase order is empty, only in cases when we use a payment term key which have several different values for the
    field "limit days" (T052-ZTAGG in backend, BBP_PAYTERM-ZTAGG in SRM).
    Example:
         ZTERM     ZTAGG
          K180           09
          K180           19
          K180           31
    If the payment term key selected has no several values for the field "limit
    days" (one single entry), the payment term key arrives correctly at the backend purchase order.
    Example:
         ZTERM     ZTAGG
          E000           00
    In SRM table BBP_PAYTERM we have upload the backend payment terms
    (using report BBP_UPLOAD_PAYMENT_TERMS). In other threads it is said that you must copy the entries generated by the report with the logical system of the SRM system, but in extended classic scenario it seems to be not necessary.
    We have already implemented note 846009, in order to use always the backend payment term, but the error didn’t get resolved.
    We have our vendor business partners mapped to the local and backend
    purchasing organizations, but it is only necessary indicate the Payment term key for the Backend Purchasing Organization.
    Regards

    hi,
    Pls see the foll notes:
    Note 576349 - Terms of payment in the ECS
    Note 541934 - Modification note: Copying base date from T052
    Note 953999 - ECS: Terms of Payment values not in PO header
    <b>Note 940453 - Backend payment term data not updated in the extended PO
    Note 945018 - Incoterms data not transferred to the back end</b>
    BR,
    Disha.
    Pls reward points for useful answers.

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