A/R Installment Payments with Sales Taxes and Freight in 1st payment

Our sales dept. wants to offer our customers Installment Payment plans (6, 12, 24 mths) for product sales which is easy enough to set up using Payment Terms and the Installment Payment flag.
But our Accounting Dept wants to collect the Sales Taxes and Freight "up front" in the first payment.
We do not want to use Milestone billing since Accounting wants to recognize the revenue of the sale during the month of the sale ... so a single Invoice to the customer with the Payment Plan printed on the invoice is the option they want done.
I have not been able to find any way to set up the Installment Plan configuration to do such a thing.  The Terms of Payment refer to the total Invoice amount.
Has anyone here be able to accomplish such configuration (without doing custom coding in a User Exit)?
Example:  $60,000 item, %5,000 tax, $100 frieght = $65,100 total invoice.  (6 month payment plan)
   Payment #1 = $15,100
   Payment #2 = $10,000
   Payment #3 = $10,000
   Payment #4 = $10,000
   Payment #5 = $10,000
   Payment #6 = $10,000

I have already set up the installment plan in OBB9 with 6 entries (1 - 6) for my IP Payment Term of IPM1.  I have the percentages setup as 16.67 for each of the installments and the last set at 16.65 (equaling 100%).
The problem with Sales Tax and Freight is that you can not simply assign an arbitrary percentage to the 1st installment (for example make the 1st installment 25% and break up the remaining 5 installments fromt he other 75%).
We need to make sure that the first Installment from the customer is for the Sales Tax, the Freight, and exactly 1/6 of the material cost (if it is a 6 month payment plan).
I have activated User Exit EXIT_SAPLV60B_007 to intercept table generation of the installment plan that is sent to Accounting to fix this problem.  Now the Accounting document connected with the customer invoice is correct.  My next step is to fix the SmartForm print of the Installment Plan on the customer's Invoice.

Similar Messages

  • G/L accounts linking with sales tax and VAT

    Hi gurus,
             I want to link the G/L account with Sales tax and VAT for this wat i can do and where,plz help me, it is very urgent.
    Regards,
    Dharma.

    there r four steps to link sale tax
    step 1  go to OBYZ
    Create tax procedure to your company code
    step 2 Go to FTXP
    step 3 Go to FS00
    step 4 go to OB40
    srikant

  • Vendor down payment with input tax

    Dear Expert
    My client receieves down payment with input tax, to meet their legal requirement for VAT filing, they have to book entries as below;
    When receieving down payment with input tax:
    Dr. Down payment
          Input tax
      Cr. Bank
    When receiveing vendor invoice for remaining AP amount:
    Dr. Expense
          Input tax
      Cr. AP (remaining amount)
    Then clear down payment by expense
    Dr. Expense
      Cr. Down payment
    They do in this way, because input tax in down payment and input tax in remaining AP invoice should be listed as two items in their VAT report. And intput tax in down payment document is with reference field which is different from reference field in remaining AP invoice, and reference field is also one mandatory field in VAT report.
    In this case, I can not use SAP standard T-code F-54 to clear down payment. But when I tried to create a manual JV to post entry with Dr. Expense and Cr. Down payment, it's OK, but then when I used F-44 to manully clear down payment doc by manual JV, I got problem because the amount in down payment is down payment amount + input tax amount, but the amount in manual JV is only down payment.
    Does someone have a solution?
    Thanks,
    Nicole

    Nicole,
    Which country is this requirement for?  As far as I know, there is no tax incidence on downpayment.  Input tax arises only when you receive the invoice, right?  Not when you receive a downpayment.

  • Sales tax and Labor Tax

    Hello Friends
    We are on ECC6.0
    On our Service Contracts the is labor taxable and not sales taxable we are having a bit of an issue with sales tax on Service Contracts. Some states are labor tax exempt and some are not. When we create the Service Contract the sales tax is being added to the sales order. When the tax is not supposed to be included, I delete the tax rate from the sales order. But when AR does  invoices for the sales order the sales tax is added back on to it. How do we remove the tax parentally or by sales order for each service contract?

    Closing ticket no suggestions given

  • Invalid Account Code when Adding Outgoing payments  with WTholding Tax

    Hello Experts
    I am facing problem when trying to add an outgoing payment (DI) with WTHolding Tax and below is the error message;
    Invalid Account CodeMessage 173-9
    I have checked the WThodling Tax Account in WThodling Tax Setup.
    I am Using SAP 8.8 PL 19
    Please Help Me
    Dixit Patel
    Edited by: Dixit Patel on Mar 25, 2011 1:37 PM

    Hi
    Please Check all G/L Account Determination TAB.  Check all accounts are determined.
    Check this Thread It may help you.
    [Invalid Account Code error when posting AP Credit Note]
    Thanks
    Balaji Sampath

  • I am trying to install Appletv with an iPad2 and cannot get Homesharing to work

    I am trying to install Appletv with an iPad2 and cannot get Homesharing to work

    Homesharing only works with computers. If your using an ipad you want to use Airplay instead.
    http://support.apple.com/kb/ht4437?viewlocale=de_de&locale=de_de

  • Opening and closing stock with sales order and with out sales order

    hello,
    any body please help me my client want to check opening stock and and closing stock in areport.
    material contains batch and some material with sales order and some are with out sales order. my client is asking this in a single layout. please tell me isthere any teport or bapi or function module to get this report.
    this is very uregent. and layout is requesting like opening stock, production stock, sales stock and closing stock.
    please guide me to get this report.
    Thanks & Regads
    Bhakta

    Transaction MB5B
    For sales order related use specila stock as E and use radio button indicator in stock type
    For stock w/o sales order, use special stock indiactor as "space' and stock type valuated stock.
    to get a perticular month,opening stock/closing stock enter the start date/end date as month start and end date.
    See the o/p which will give the stock as required by you

  • Problem with sales order and Service order

    Dear Guru's
    We have a real problem with sales orders and service orders and how we treat these. For a project that uses a WBS, it's not a problem to manipulate SAP to give us a list of shortages (orders with no or limited supply) for each order, but for some reason our after sales orders and our service orders do not work this way.
    Thanks and Regards,
    Deethya.

    CLOSED

  • How to link Down Payment with Sales Order

    Hello Experts,
    How to link a down payment with sales order.
    Regards,
    Shazad

    Hello Shazad,
    You may check these threads first:
    Down Payment Invoice/Request
    Re: Down Payment Invoices
    Thanks,
    Gordon

  • Difference between With holding tax and classical with holding tax

    Hi,
    Can anybody explain me the difference between the Classical with holding tax and withholding tax.
    Regards,
    Chandu

    Hi,
    SAP System, distinguishes between:
    - Classic withholding tax
    - Extended withholding tax
    Extended withholding tax enables the assignment of more than one withholding tax types to a business partner which is more of a real time scenario..
    Cheers
    Aneeel.

  • Sales tax on freight

    Dear pandits,
    I have two scenarios,
    1.   Calculation of sales tax on basic+ ED+ freight charges.
    2. Calculation procedure as basic+ Freight + ED+ sales.
    Need
    There  are companies who levy sales tax on freight as freight being part of material movement.
    Also, there are manufacturing units imposing Ed on basic + Freight , being the freight charges part of material cost and the structure becomes basic+ freight + ED+ sales .
    Please help will SAP support this schema and the methodology too
    thanks
    B Vignesh

    1. Calculation of sales tax on basic+ ED+ freight charges.
    2. Calculation procedure as basic+ Freight + ED+ sales.
    excise and tax is for a value addition to a product . so excise , tax is on basic value only.
    IF you want it for freight taxes  u need to do transportation  cost ther u can maintain service tax for freight vendors.
    me21n, vl31n,vt01n,vi01

  • Purchase Order with Service Tax and Sales Tax both

    Dear Sir,
    We have a scenario where we have to make a Purchase Order for buying some Software . In the PO , we need to mention Service-Tax as well as Sales-Tax both . Pl guide us as whether it is possible to have such condition available in SAP , if yes then what procedure need to be followed .
    As at present , we can not charge Service Tax in the PO against the Material Purchase . Service Tax can be charged only against the Services being purchased .
    Pl guide us .
    With Thanks and Regards
    B Mittal

    Hi
    If you are talking about a MM pricing procedure create two condition types by copying a standard ( take RAOO and then change the Plus/minus to " Positive" there by u can include this in your PO print as well.
    regards
    Mahesh

  • F110: how to pay an invoice with Withholding Tax and a credit memo?

    Hi All,
    in my SAP I've defined a Withholding Tax type for Payment Posting.
    I've posted a vendor invoice with with Withholding Tax.
    Later I've posted a credit memo with Withholding Tax which must compensate the prevuois invoice.
    When I launch t.code F110, SAP, in the right manner,  proposes to pay the invoice less the amount of the credit memo. 
    But the calculation of the Withholding Tax (that it should post al the payment time) is wrong: SAP proposes to post the amount of the Withholding Tax recorded in the table WITH_ITEM at the moment of the posting of the invoice. Instead, from it, SAP should detract the amount of the Withholding Tax recorded in the table WITH_ITEM at the moment of the posting of the credit memo.
    Why does SAP doesn't consider the amount of the Withholding Tax of the credit memo?
    Could anyone help me?
    Thanks

    Dear Rossi,
    if You defined the WT TYPE at the payment time this means that the WT amount will be calculated at posted during the F110 run as per the invoice as per the credit memo.
    If they are the same amounts and refer to the same wt type and code, when You run F110, they should match even for the WT calculation. It is clear that if You inserted manually the WT base amount or the WT amount into the invoice, the system will not do any automatic calculation but it will use these amounts that can be different from the one auto matically calculated by the system for the credit memo.
    I hope this can help You.
    Mauri

  • Cannot apply down-payment to sales tax

    Dear All,
    Our customer created a Down-payment for a client, say, $105. $100 is the amount of the product, $5 is the sale tax (GST).
    Then he created a sales order. The total before discount is $100, tax is $5, total sales order is $105.
    When he copied it to his A/R invoice and apply the down-payment, SAP doesn't allow him to apply $105 but $100 only.
    I think this is a SAP behavior. But I would like to have someone verify 'this is a SAP behavior' for me.
    If this is a SAP behavior, any solution for this?
    I have one idea but not sure if it is good.
    1) Create a new item 'tax' to apply all tax for that order.
    2) Create a down payment $105
    3) Create a sale order $100 for items, $5 for tax (use item 'tax' instead of have tax code on each line). Make sure we have a 0 tax amount on each line
    4) Copy sales order to A/R invoice and apply $105 down-payment to it
    Any idea? Thanks a lot.
    Regards,
    Yuka

    Hi Yuka,
    Sounds like you are in Canada, like myself. My understanding is that we are not allowed to ask for taxes up front, only the net amount, as the goods or service has not been provided yet.
    If this is incorrect, then it would require a legal product change to SBO.
    Heather

  • NEWB HELP! How do I write Formula for Sales Tax and Gratuity items

    Sorry for the bonehead question, but I'm not much good with spreadsheets and we're trying to find out if we can afford to get MARRIED. In numbers '08, I'm using the "new from template chooser" item called "event planner".
    So far, it's adapting nicely to our needs, BUT some items incur sales tax, others do not. Some items involve a gratuity, others do not.
    I understand the idea of adding an E column with the basic formula =D*7.25% or an F column with =D*20%
    but that would add tax to EVERYTHING - question is this
    If I add two columns of checkboxes, one for YES TAX, one for YES GRATUITY
    how would I write the formula to say "If E is checked, then multiply D by 7.25%; if F is checked, then multiply D by 20%; add these two numbers together and put them in column G; if neither box is checked, put the value of D into G"
    then I could SUM column G (???)
    Thanks in advance for any help!

    Buster,
    This formula will work (long form):
    =IF(AND(B2=TRUE,C2=TRUE),A20.0725A2+0.2*A2,IF(B2=TRUE,A2+0.0725*A2,IF(C2=TRUE,A20.2A2,A2)))
    and can be simplified to:
    =IF(AND(B2=TRUE,C2=TRUE),1.275A2,IF(B2=TRUE,1.0725*A2,IF(C2=TRUE,1.2A2,A2)))
    I would point out, however, that tax rates and tip amounts tend to change. So instead of putting constant values in the formula, you may wish to replace them with cell references to the tax and tip rate values. Then should these values change, you need to change them in only one place rather than all your formulas.
    pw

Maybe you are looking for

  • How can I transfer all my music even music not downloaded from iTunes to my computer

    How can I transfer all my music even music not downloaded from iTunes to my computer from my iPhone

  • Image XObject in PDF

    Good day everyone, I have a few questions with regard on the Image XObject and I hope u guys can help to clear my confusion. Say if i insert a tiff image (Using PDEImageCreate) into a blank pdf and save it, the image will be saved as a Image XObject

  • EWA service data taking long time

    Hi, In our landscape for one system while generating EWA the Service data collection is taking more than 800 min. How can we reduce this

  • How to locate the path of ExpressVI associated with a step in TestStand 3.1??

    When I associate an ExpressVI with a Step in Teststand 3.1 by using SpecifyModule, its Path is not available in any of the Teststand Variables unlike Standard VI's whose path is located in "Step.TS.SData.VIPath".  Is there any way I can find out the

  • 3external midi white in track

    Hello, I think that I set up the external midi correctly. But when I goto record, the track is white. I have pressed the mute button and it turns grey. I can hear the piano in my audio interface input 1. I have the piano set up in the environment and