Accounts Recievable - Installment Payment Terms
Hello Experts,
This question is regarding installment payment terms.
Let's talk about a scenario with installment term with 3 installments...
Standard SAP generates 1 invoice with 3 line items
The question and the requirement is that we need to generate 3 invoices instead of 3 line items
does standard SAP support this; If yes, How?
If No, I am open for any other suggestions on how can this be fulfilled.
Thank you in advance.
Raj Apuri
Edited by: Raj Apuri on Aug 20, 2009 5:32 PM
Hi ,
For that you can go through this below.
Go to the transaction code OBB9 and create 3 installments payments.
Now system will take 3 installment payment with same invoice.
no need to go for 3 invoices.
Regards
Surya
Similar Messages
-
Installment Payment Terms and SKTO link
Hello Experts,
I have defined a installment payment term in OBB8 and OBB9. When I use this new term on a sales order the cash discount (SKTO) is getting calculated as Zero for a customer. If I change the payment terms value on the sales order to something else the SKTO value is greater than Zero.
Where is the link between SKTO and payment terms? My SD consultant is off and I need to do this for an emergency business requirement. I appreciate your inputs on this.
Thanks in advance.Thanks for quick reply Siva Ram. When I created a sales order and all the way to billing document, I don't see any discounts on the FI billing document. It divided the invoice amount into 3 installments. Say $300 invoice amount into 3 installements each with $100. If I create a sales order with a different payment terms say 1% Net 30 then I see SKTO has 1% cash discount on the sales order and the discount amount is posting to discount accural account on the FI billing document. For installment payment terms can we expect the same like 1% Net 30 discounts on SKTO? Is there any setting we have to do on the SKTO config?
Thanks for your time. -
Installment payment term in MIRO
Hi Guys,
Please help me to solve the problem
I have define a installment payment terms.
This payment I mantain in vendor master data both in accounting & Po view.
While creating PO it automatic capture from the vendor master.
Same is also capture in invoice intering.
But while invoice Posting it show the error " No additional apportionment possible for installment payment conditions".
My question is where we apportion the quantity.
Prompt answer should be highly appricible.Hi,
after creating Payment term (Instalment) there is anthore transaction in which you have specify the % of instalment amount and refrence payment term
Hope this will help you
and please reward the points
Regards,
MS -
Incorrect Withholding TAX Split when using Installment Payment term
Hi SAP Gurus,
When we are using installment payments, the withholding tax is split and calculated in as many vendor positions as the installment payment term dictates. In our location (ECUADOR) it is necesary to calculate the Withholding TAX adding all the vendor positions (PstKy - 31) and posting only one Withholding tax position. When we simulate the document, we get the next snapshot:
001 31 0000100035 0.00
002 40 5201001001 Sueldos 1,000.00 60
003 31 0000100035 RAMOS ANDRADE CARLO 309.64-
004 31 0000100035 RAMOS ANDRADE CARLO 300.54-
005 31 0000100035 RAMOS ANDRADE CARLO 300.54-
006 50 2401003003 10% Retención Profe 30.36-
007 50 2401003003 10% Retención Profe 29.46-
008 50 2401003003 10% Retención Profe 29.46-
009 40 1301003001 IVA 12% 107.14
And we shoul get the next one for our needs:
001 31 0000100035 0.00
002 40 5201001001 Sueldos 1,000.00 60
003 31 0000100035 RAMOS ANDRADE CARLO 250,72- ==========> (Here is made the tax disccount)
004 31 0000100035 RAMOS ANDRADE CARLO 389,82-
005 31 0000100035 RAMOS ANDRADE CARLO 389,82-
006 50 2401003003 10% Retención Profe 89,28- ==========> (Here is the 3 tax positions added)
007 40 1301003001 IVA 12% 107.14
Regards,
Esteban Moreno
SAP FI-CO consultantHi Srikanth,
Thanks for your suggestion.
I am looking for way in which two accounting documents are created automatically by the system having the desired values. Due to huge number of customer invoices which will need this, it will not be possible to handle it manually and will leave a room for error due to manual intervention.
If somehow we can configure this payment term in system, then it would really help
Regards
Harpreet -
Instalment payment terms and Due date
Hello
Can i have some comments on how the due date will be calculated in case of instalment payment terms.what is the configuration needed.Can we get the discount for each instalment if we pay in advance i.e before the due date.
with regds
RAJAInstallment payment terms is basically one payment term linked to other paymnet term(s).
If you split it to 3 lines, each of the 3 lines will get the payment term assigned for that line.
E.g. you will configure as follows: (obb9)
Inst Pmt Term Inst % Payment term
0001 1 20 AAAA
0001 2 30 BBBB
0001 3 50 CCCC
If you post an invoice (of say 1000) with the pmt term 1, it will split to 3 lines
Line Amt Pmt term
1 200 AAAA
2 300 BBBB
3 500 CCCC
All the terms created for AAAA BBBB CCCC will apply to these lines.
Praveen. -
Installment Payment Terms value break up
Hello All,
As per Satndard configuration for installment payment terms, we can do the total value breakup into installment payment terms percentage wise(%).
My requirement is in case I have 3 installment payment terms(Say SD01, SD02 & SD03) wrt one master payment term(Say SD04), During invoice posting the amount should be fixed for first two payment terms(SD01 & SD02) & differential amount should be posted wrt Third Payment term(SD03). Can I do this through some standard Configuration / Enhancement / Exit.
If not possible is there any other way through which I can generate multiple FI docs for single invoice based on fixed values for customer balances.
Thanks & Regards.
AmitHi Amit
I believe your requirement can be solved by using Billing Plan Types.
Regards
Praveen... -
Instalment payment terms creation
Dear SAP Gurus,
I want to create Payment terms for Customer, with the following options:
Can any one help me how to create the Payment Terms (Installment Payment Terms) for the following:
S.No Description % Due
1) Advance 10% Immediately
2) Receipt of Bill of lading 30% 90 days
3) Receipt of safe receipt certificate 40% 90 days
4) PTOC 10% 18 months from start of project
5) FAC 10% 24 months after PTOC
Note: project business and in projects we receive advance once in lifetime of a project and after that with every invoice raised,in project there has to be created an advance line item, which is adjusted from time to time against the advance taken at the time of project start.
Please provide the same scenario with screen shots.....
Thanks & Regards
Yugandhar.HI,
We can crete instalment paymnet terms in OBB8. first you have to divide the payments in parts and the give link in OBB9,
please do for example if customer needs instalment payment terms 30% 20% 50% first we have create paymnet term in OBB8 THREE PAYMENT TERMS IN OBB8 AND NEXT WE HAVE TO GIVE LINK IN OBB9
Edited by: Gadupudi naresh on Apr 13, 2011 5:20 PM -
AR Invoice with Installment Payment Terms
Hi to All,
We have an invoice where the payment terms are based on installment. The installment is for 18 months. Automatic cash receipts have been applied correctly for Installment 1 and Installment.
Our situation is this where we want to apply an On Account receipt to installment 3. When we query for the installment 3 invoice we are getting the following error message:
"FRM-41830: List of Values contains no entries"
Basically the the invoice is not being queried. We checked the invoice, it is complete but the installments 3-18 are open. What we like to know if we can preform an on account receipt to an installment invoice...if so what setup do we need to look for.
Thanks in advance for any help.Hi Bharat,
Thanks for your reply. We checked the invoice payment schedule in the tables are 4th to 18th are all open. We have also verified this thru the forms and same appears.
So when we go to receipts and attempt to apply on accounts funds to the invoice. We cant query for the invoice. The following oracle forms message appears: "FRM-41830: List of Values contains no entries" -
Installment payment term with full tax in one installment
Hi,
I have a requirement where customer is looking for a payment term which is like this
1. X% of invoice amount + 100% VAT amount due to XX days
2. rest of invoice amount due in YY days (No Tax)
We can have a payment term with 'Installment Payments' to get the installements but I am not able to deal with Tax amount separately. Like I am able to do X% of (Invoice +Tax) in XX days and (100-X)% of (Invoice +Tax) in YY days, which is incorrect.
I would appreciate if you could help me with this requirement.
Regards,
HarpreetHi Srikanth,
Thanks for your suggestion.
I am looking for way in which two accounting documents are created automatically by the system having the desired values. Due to huge number of customer invoices which will need this, it will not be possible to handle it manually and will leave a room for error due to manual intervention.
If somehow we can configure this payment term in system, then it would really help
Regards
Harpreet -
Hi,
I have a requirement where customer is looking for a payment term which is like this
1. X% of invoice amount + 100% VAT amount due to XX days
2. rest of invoice amount due in YY days (No Tax)
We can have a payment term with 'Installment Payments' to get the installements but I am not able to deal with Tax amount separately. Like I am able to do X% of (Invoice +Tax) in XX days and (100-X)% of (Invoice +Tax) in YY days, which is incorrect.
I would appreciate if you could help me with this requirement.
Regards,
HarpreetHi Experts,
any pointer or advice ?
Thanks
Harpreet -
Hi,
May i know if it is possible payment terms with Decimal percentages
like 42.67% Intial payment
32.98% second payment and so on. i know cash discount is possible with decimal percentages. But i would like to know if this also works
Thanks in advance
MedhaHi Medha,
I think it works.
Regards,
Ranjith -
Seperate GL account for rentention amount using Instalment payment?
We have an interesting issue, our client is having a requirement regarding installment payment. Please find below the scenario. We hope to get some ideas in this regard.
We are using payment term with settings for installment payment.
Example: Payment term Y001 Installment payment, Y002 Installment payment 90% and Y003 Installment payment 10%.
Invoice Amount : 1000
90 % outstanding for immediate payment : 900 (to be accounted in Vendor reconciliation account)
10% retention till tax certificate produced : 100 (to be accounted under separate retention GL account)
While posting invoice through MIRO & FB60, our client wants to split the amount in to two parts 90% outstanding to the Vendors and retain 10% of the invoice value till the tax returns certificate is produced. Presently Amount splitting is made to take care of this using a payment block in payment term Y003. This helps in retaining 10% of the amount till the tax paid certificate is produced.
Postings are happening with the split amount, to the reconciliation account maintained for the Vendors. This is presently showing the total payables towards vendors. But for statutory reporting purpose, we now need to maintain a separate GL account for the retention amount. This is again required to be a Vendor reconciliation account for control over outstanding amounts with respect to respective vendors.
We are exploring different alternatives to get this done. Please advice if you have come across any such scenario.
Thanks in Advance.
Regards,
ViswanathI understand when you use your Installment payment term, system must be posting two lines for vendor i guess must be like;
Expense Dr. 1000
Vendor Cr. 900
Vendor Cr. 100
Ok eventually both 900 and 100 goes to the same GL (Reconciliation)Account but your client wants that the 100 should goes to other GL accounts.
One of our collegue in this forun has answered you to use Special Gl Indicator, the solution upto some extent ok but i guess you will loose the automation of amount splitting which 900 and 100.
So i would advice you the following;
Create one Retention Reconciliation Account
Configure Alternative/Reconcilation Account in the IMG ( This config allows you to change reconciliation account while posting invoice )
So at time when you simulate your accounting entry double click on 100 line and manually enter the retention GL Account. I guess the solution is manual and painfull but if special gl indicator can be used with automation then you must go with that
regards,
FICO -
Hi Guru,
I config OBB8 & OBB9 for the installment.
Payment Term 0009
1st. 40 % -- GR
2nd. 30% -- Inspection
3rd 10%. -- Completion of testing
In PO, we purchase 1 Machine with USD1,000. (Payment Term 0009)
When doing MIRO for the GR, USD400, the system breaks down USD400 in 40%, 30% & 10% which is not what I am expecting. Wonder anyone comes across this issue before? Thanks in advance.
CTI think you should enter MIRO for USD 1000, not USD 400. Put a default payment block in OBB8 for 2nd and 3rd installment. By the way, where is the 4th installment (for the remaining 20%)?
When you do all the above, MIRO's follow-on accounting document automatically splits the vendor liability line item into four line items, where the 1st installment will be with due date as per the term you have in your 1st installment payment term (in OBB8) and the rest would be blocked for payment. As and when further milestones (inspection, testing, etc.) are complete, you need to manually remove payment block on the corresponding vendor liability line items.
Also consider Partial Invoicing Plan under SPRO -> MM -> Purchasing -> PO -> Invoicing Plan (I can't elaborate much on this, as I never worked on this).
Good luck! -
Payment terms applicability for Debits in Vendor account
Hi all,
Whenever we credit a vendor account with defined payment terms, the net due date for that transaction will be calculated as per payment terms. I just wanted to check if the same logic applies even when we debit vendor account with defined payment terms.
When I tested this in our systems i.e by debiting vendor account with defined payment terms, found that baseline date was only getting picked as net due date & not the actual date as per payment terms. I wanted to confirm if this is a SAP standard feature or a customised feature.
Regards,
SantoshHi,
I do not have documentation other than the F1 Help for the Field Inv.Ref
This explains it though.
Number of the Invoice the Transaction Belongs to
For line items which are related to another line item, this field contains the number of the partner document.
Use
In the standard system the field is used for:
Credit memos which refer to a particular invoice item
Subsequent invoices for an invoice item
Partial payments for an invoice item
Partial clearings of down payments.
In the first two cases mentioned, the terms of payment are copied from the cross-referenced invoice item into the item currently being processed. This ensures that items due on the same date are paid together by automatic payment.
A special rule applies to credit memos which have a "V" in this field. The due date is determined in the same way as for an invoice. If the field is empty (containing neither a document number nor a "V") the due date is the baseline date for payment.
Kind regards -
G/L account for payment terms
Hi,
Is it possible to maintain 2 G/L accounts under 1 chart of account for cash discount? For example, G/L account 333333 for payment term Z333 and G/L account 222222 for payment term Z222.
Will appreciate immediate feedback. Thanks.Hi,
Good morning and greetings,
You can use the OBBH or GGB1 option to determine the right GL account based on the payment term.
Please reward points if found useful
Thanking you
With kindest regards
Ramesh Padmanabhan
Maybe you are looking for
-
I recently moved my iMovie Library and all of its contents to an external hard drive. I then erased the library and all of its contents from my iMac HD and created a new library. Now when I try to import video from my DV camera I get this message:
-
After Effects, Media Encoder and Multiprocessing
I searched but only found something related to Red Giant plugins. Simple question: How can you force AME to use multiprocessing? You know, the little box in AE that says "Render Multiple Frames Simultaneously." When I render in AME it uses 50% of
-
Exporting from InDesign into a PDF to be used in Acrobat question.
Hi, I'm trying to figure out if there's a way when exporting to PDF to leave fields open/editable(not the word im looking for) so that when the form is opened in Acrobat the form can be typed on/on top of, dont want to change/edit the actual document
-
Wily Introscope Enterprise Manager fails to start due to Java Heap
Hello All, I just installed Wily Introscope for the first time. I have successfully installed it from the log below: Summary Installation: Successfulwith errors. 396 Successes 0 Warnings 1 NonFatalErrors 0 FatalErrors I also confirm that the Introsco
-
I get this error when using the NI USB-TC01 LabVIEW Temperature Logger and a J type thermocouple. So I tried creating my own VI, the daq assistant gives me a correct reading but only for 1 sample. If I try to change to continous or N samples it wil