Payment terms for advance payment scenario

Dear All
payment terms have to create like we have to pay as 50% advance against order & balance 50% against on proforma invoice.
Can any one tell me is it possible to define payment terms like this or only option is downpayment configuration.
Thanks & Regards.
Lakshmi

Hello,
In SD there can be 2 ways by which you can handle this.
A. Billing Plan
Maintain 2 milestones at the sales order.
1. one milestone with Terms of payment Z002-50% advance against order
2. other milestone with another terms of payment Z003- 50% against on proforma invoice
B. relevant terms of payment
In OBB8 maintain 3 payment terms, say
- Z001 50% advance against order & balance 50% against on proforma invoice (in payment terms section - tick Installment payment).
- Z002-50% advance against order
- Z003- 50% against on proforma invoice
Then in OBB9,
Z001___1___50.000___Z002
Z001___2___50.000___Z003
With this when you post billing doc you accounts, then you will find 2 line items(50 % Value each) in Customer account.
i hope this can assist you.
Thanks & Regards
JP

Similar Messages

  • Payment Term for advance payment

    Hi
    Can we configure a payment term for advance payment thro OBB8. it says that customer needs to pay us in advance.
    If yes, how do we configure this.

    the accounting document is created after a delivery for a customer invoice via billing.
    i believe there is an option in SD where you have an extra tab for payment. Once the payment has been received, i.e. entered into the sales order, the delivery can be made.
    This should work for your process, however best to speak to a SD consultant to get the full picture.
    Hope this helps, assign points and mark thread as answered if it does!!!

  • Maintaining payment terms for Installment payments

    Hi;
    Kindly let me know how to create payement term record for more than 4 installments.
    As in STD. 3 installments we can maintain.
    But how more than 4??????
    Thanks in advance;
    avinash

    Hi Avinash,
    you can use T. code OBB8 & OBB9 to create payment terms for installment planning.
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    2. I don't think there is any restriction on number payment terms you can create and assign. You can create and assign as many to meet your requirement.
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  • Payment terms for Advances in Sales & Distribution

    Hi friends !!
    1)You may know that we have payment terms like eg: 30% advance and remaining payment after delivery.
    In such scenario, while doing sales order itself the customer need to pay the advance. Then he needs acknowledgement or bill for that amount. How and where we will configure that???
    2)If the advance amount recieved at sales order level do we need to issue the invoice for the full amount or for the balance amount??
    Please any one help me to understand the logic !!
    Thanks & Regards,
    Sreedhar.
    Email: [email protected]

    hi,
    If it is real-estate based one plz follow the following procedurs:
    You have to define conditions for sales-based rent in order to be able to post sales-based rent. Also, if advance payments were made for sales-based rent or a minimum sales-based rent is defined, conditions allow you to offset these against the sales-based rent to be paid.
    Prerequisites
    You defined the necessary condition types in Customizing and assigned them attributes for sales-based rent. In Customizing choose:
    SAP Customizing Implementation Guide - Flexible Real Estate Management - Conditions and Flows - Condition Types
    You set the Relevant to Sales indicator on the General Data tab page in the real estate contract.
    Procedure
           1.      On the Conditions tab page, assign the necessary conditions to the contract. The following condition types are relevant for sales-based rent settlement:
    ·        Advance Payment for Sales-Based Rent
    One-time or recurring condition for sales-based rent; requires actual rent as condition purpose. Advance payments made by the tenant are offset against the sales-based rent resulting from the sales-based rent agreement.
    ·        Minimum Rent
    Minimum amount of sales-based rent to be paid. This is usually a condition with the condition purpose actual rent, but can also be used as a statistical condition.
    ·        Maximum Rent
    Maximum amount of sales-based rent to be paid (cap). Maximum rent is usually represented by one or more statistical conditions. The maximum amount is the sum of the conditions, limited to the given settlement period.
    ·        Sales-Based Rent (Required for Every Sales Rule)
    This condition defines how the receivable or credit memo is posted. It is not possible to assign a unit price to this condition, since the posting amount is determined by the sales-based rent settlement. The calculation formula always has to be sales-based rent (see: Customizing settings). The system generates a cash flow item for the posting that reflects the posting period and settlement period. For this reason, you do not enter a frequency for this condition. Instead, it is defined as a one-time condition.
    The Sales-Based Rent condition is also used to specify which objects of the sales-based rent agreement form the basis for sales-based rent. This makes it possible to determine sales-based rent using measurements as a basis (for example, per square foot of retail space). If the condition has a distribution rule, then sales are distributed to the objects using this rule.
    Note that the system uses only the last distribution formula in the settlement period. The system does not distribute proportionally within the settlement period if there is a change to the distribution formula.
           2.      On the Terms subtab, assign the same sales rule to all advance payment conditions for sales-based rent, to all minimum sales-based rent conditions, and to just one Sales-Based Rent condition.
    You have to assign a single Sales-Based Rent condition to each sales rule.
    If a contract contains more than one sales rule, you have to assign that number of Sales-Based Rent conditions in order to be able to perform settlement. You cannot use advance payments or minimum sales-based rent conditions for settlement. You can assign a sales rule to from zero to any number of advance payments and to from zero to any number of minimum sales-based rent conditions.
    regards,
    Siddharh.

  • How to go for Advance Payments..Release Process

    Hi SAP Experts,
    How to go  for Advance Payments..
    Any Guidence will be appriciated with Points..
    Thanks in Advance
    Adarsh
    Edited by: adarsh srivastava on Jan 25, 2008 7:57 AM

    Hi Aadarsh,
    Advance payments is nothing but Down payments. Here i am taking down payment to Vendor and later clearing against invoice.
    PROCESSING DOWNPAYMENT MADE TO Vendor
    ENTERING DOWNPAYMENT REQUEST:
    Accounting –> Financial Accounting –> Accounts payable –> Document Entry  –> Down payment –> Request (or) F-47
    Document date – 24/07/2007 (current date)     Posting date – 24/07/2007 (current date)
    Account             – ****** (LG)                     
    Trg.sp.G/L Ind. – A & press enter.
    Amount            – 25000/-               Business area – 830B
    Due on             – 27/07/2007           Text – Down payment request & POST.
    DISPLAY VENDOR A/C – TO SEE NOTED ITEMS:
    All requests are comes under NOTED ITEMS. To see this, select the T code FBL1N.
    Vendor Account – ****** (LG)          Company code – 8301
         All Items     
       Noted items (deselect the rest of the all check boxes) & execute.
    ENTERING DOWNPAYMENT MADE TO VENDOR:
    Accounting –> Financial Accounting –> Accounts Payable –> Document Entry  –> Down payment –> Down payment (or) F-48
    Document date – 24/07/2007           Posting date – 24/07/2007
    Account     – ****** (LG)           Special G/L ind – A
    Account     – 211002           Business area – 830B
    Amount      – 25000/-     
    Value date – 24/07/2007           Text – Down payment paid. (Don’t press enter)
    Select REQUEST button.
    In the next screen select the check box & select CREATE DOWN PAYMENTS button and SAVE.
    DISPLAY VENDOR A/C – TO SEE DOWN PAYMENT MADE:
    Select the T code FBL1N
    Vendor Account – ****** (LG)
    Company code  – 8301
         All Items
         Special G/L transactions (deselect the rest of the all check boxes) & execute.
    POST PURCHASE INVOICE AGAINST PAYMENT MADE:
    Accounting –> Financial Accounting –> Accounts Payable –> Document Entry  –> Invoice - general (or) F-43
    Document Date – *//***          Posting Date – *//***
    Company Code – 8301                Currency       – INR
    PstKy – 31               Account – ****** (LG) & press enter
    Amount – 50,000/-         Business Area – 830B           Payt terms – 830I
    Text – Goods purchased
    PstKy – 40               Account – 401000 (Material Purchased) & press enter
    Amount – *          Business Area – 830B
    Text – + & press enter. Select menu item DOCUMENT –> SIMULATE & POST.
    CLEARING OF DOWNPAYMENT MADE AGAINST INVOICE:
    Accounting –> Financial Accounting –> Accounts Payable –> Document Entry  –> Down payment –> Clearing (or) F-54
    Document date – 24/07/2007           Posting date – 24/07/2007
    Account       – ****** (LG)           
    Invoice ref. – ****** (against which Vendor invoice you want to clear)
    Text       – Clearing document
    Select PROCESS DOWN PAYMENTS button. Double click in the TRASFER POSTING (or) specify the amount & SIMULATE & SAVE.
    DISPLAY VENDOR A/C – TO SEE OPEN ITEMS:
    Select the T code FBL1N
    Customer Account – ****** (LG)
    Company code       – 8301
         Open items
         Normal items (deselect the rest of the all check boxes) & execute.
    CLEARING OPEN ITEMS MANUALLY:
    Accounting –> Financial Accounting –> Accounts Payable –> Account –> Clear (or) F-44 
    Account           – ****** (LG)
    Clearing date – *//*** (Current Date)
    Select PROCESS OPEN ITEM button. First deselect all items (by double clicking on the line items). Then double click on the first invoice line Item (Invoice – 25,000) and double click on the payment (Document type – KA) and SIMULATE and POST.
    DISPLAY VENDOR A/C – TO SEE ALL ITEMS:
    Select the T code FBL1N
    Customer Account – ****** (LG)
    Company code       – 8301
         All items
         Normal items (deselect the rest of the all check boxes) & execute.
    If this is helpful. assign me points

  • PO with payment terms as Advance only

    Dear Freinds,
    Can we create a po which talks about payment terms as below.
    1) <u><b>50% advance pymnt.</b></u>
    2) Bal 50% after delivery of material.
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    Can we create a po which talks about payment terms as below.
    1) <u><b>100% advance pymnt.</b></u>
    I am trying to create a Workflow for Vendor advance payment if below conditions are met
    A) verification of payment terms,     
    B) <u><b>payment terms should be advance only     </b></u>
    C) po should be in released status,     
    D) po should be open, not closed (where po qty=grnqty)
    Thnks
    Vinod

    You could set up those as payment terms and block payments. Then you would use Down Payments F-47 to request the down payment. Then have this paid in your check run. You'll modify config to allow down payments in the check run. Then you run clearing to offset the down payments made aginst the final invoice.
    pls assign points to say thansk.

  • Payment terms for Customer Invoice with a credit line item

    Hi all,
    We have a business scenario where we create customer invoices on a weekly basis. The payment terms for these items are a certain payment discount if paid within 365 days. Included in these invoices are credit items which relate to refunds that are due to the customer.
    Below is a scenario for Customer XXXX:
    Invoice 1 Baseline date 12.01.2007
    Invoice 2 Baseline date 08.02.2008
    Invoice 3 Baseline date 15.02.2008
    I have set up a payment run for this customer to direct debit their items. In my scenario I only want to pick up the first two invoices.
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    What the system does is that it pays/collects the first two invoices in total, but then selects only the credit items of invoice 3. I would expect it to ignore Invoice 3 altogether.
    In another example if I had the same invoices, but invoice 3 did not have any credit items involved, then it does ignore invoice 3 as
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    I need to understand why for the credit items within a customer invoice are treated differently in relation to payment terms.
    Thanks
    Natalie

    In the customer master assign a different credit memo term than the payment term.
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  • In F-51 transaction was not posted,& due date field for advance payment VEN

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  • Payment Terms: 50% advance, 50% after 30 days

    Hi,
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    Regards,

    Hi,
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    Amit kulkarni,
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    Hi
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