Adding Payment Terms: 45 days End of Month

Hi,
I am trying to add payment terms to Oracle 11i that are:
45 days then End of Month
Can anyone let me know if this is possible?
I have been able to add many other terms required, but cannot figure this one out.
Thanks

Actually, yes, I believe this is possible, or very close to possible. You have to use a combination of cut-off day, day of month, and months ahead. You will want the cutoff day to be 15. If the invoice data is 16 or later, it will add a month to what it first calculates. By doing day of month = 31, that says to pay at the end of the month (at least that is what Oracle says in its manual). Then do Months Ahead = 1. So if you have an invoice on April 14, that is before 15, so it will only do 1 month ahead, and then the last day of that ahead month, which would give you May 31, 2009, which is what I think you want.
Then, if you have an invoice for April 16 -30, it will now do two months ahead and give you June 30, 2009 as the due date.
Now if you run into something in late January, say January 30th, then this does not quite work. 45 days would put you into March, and paying on March 31st. Whereas with Oracle it will do a February 28th payment. But that would be the only time of the year (when February is involved in the calculation) where you would be off a bit. You could push the cutoff day to maybe 16 or 17 or 18 to try and get around that if that becomes a big issue, but then that impacts your whole year, not just when February is involved.
So as I said, you can set up a term that is close to what you want. Not 100% exactly what you want, but close. Something to think about.
John Dickey

Similar Messages

Payment terms config - end of month

Hi
We have a request to configure a payment term to be "120 days from invoice date and end of month".
Meaning that invoice should be paid at latest: invoice date+120 days and then in the end of that month.
I am not sure how to configure that in the IMG (Sales->Master data->Business partners->Billing documents->Define terms of payment).
Does anyone know that would like to help?
Regards,
Lars

Hello,
Please copy an existing payment terms and then select the default for baseline date first, followed by
In the payment terms section,
a) Enter only the number of days as 120
and b) as the second option, you could enter the fixed date as 31.
Hope this helps.
Cheers,
MR

AP Payment terms ( discount ) end on week end

Hi Gurus
I have a situation where payment terms for an invoice falls on Saturday.So when when we run it on following Monday it disallow the discount ( 2% ). We pay manually with 2% discount.How can we resolve this issue of discount date falling on week end ?
Kindly give me some solutions please ?
Thanks
Satya

Hi,
You do not need to create two payment terms. What you require here is proxima payment term.
While defining the payment term in AP, enter "15" in the cut off day. In the "Due" Tab, enter "31" in Day of Month and "0" in months ahead. In the First Discount Tab, enter 3% discount and "31" in Day of Month and "0" in months ahead.
Now, the system will automatically take due date for all the invoices received till 15th as 31st of the current months and for all the invoices received after 16th as 31st of the next month.
Attach this Payment Term to the Supplier and use it for all the invoice. No need to manually change it while creating the invoice.
I hope this functionality is available in the Application Version, you are working on.
Gajendra

Debit memo(DR doc type) baseline date exceding the payment term days

Hi All
For debit memo I am facing a issue where my baseline date for a customer is showing more then the days specified in his(customer's) payment terms.
sales document category is DR and order is created for some customer xyz and payment terms of that customer is showing 0% UP TO 15 DAYS. But when I check it in FBL5n the Net due dt for that order is showing 180 + 15 = 195days.
What can be the reason, is it due to some enhancement or some routine or what , I am not able to figure out from where these days are coming for. I have checked MV45AFZZ , RV60AFZA and other exit s, I couldnt find any code which shows these added 180 days..
Guide me in finding out the source ot this, <removed by moderator>.
Thanks in Advance
Regards
Amit
Edited by: Thomas Zloch on Sep 30, 2011 3:46 PM

HI,
You may need to check the copy control settings between the debit memo request and sales document in transaction code VTAA.
Select the target document type and source document type, and click on the details (header level). Check the routine that is assigned for the field copying requirements for transfering business data.
The routine assigned may be copying the base line date from the source document. You may need to assign other routine or you may need to develop your own routine to resolve your issue.
Regards,

Payment term day limit change

Hi friends,
Can any one tell me how to change the day limit for a payment term. I have tryed to change it in transaction OBB8 and in the table T052 but that particular field is grayed out. Can someone help me in this regard.
Thanks in advance
Srikanth

The day limit field can be changed in transaction OBB8. My recommendation to you is to copy the payment term and create a new one. This is just in case you are unsure which customers/vendors are currently using that payment term. Unless you want to make that same cay change for everyone using the payment term. Don't forget to update the master record for the new payment term.
I hope this helps!

Payment Terms Day Limit

Greetings to all FI experts,
I would appreciate your feedback on this. Currently, we are planning to change the day limit for one of our payment terms ( Tcode - OBB8 ) from 30 to 0. My concerns are what are the forseeable impact of this changes in day limit. Whether it will impact on the due dates or other settings ?
Looking forward to your reply. Many thanks in advance.
Warmest Regards,
Edie

hi,
the impact will be, that the due date is equal to the Baseline date for due date calculation: ZBD1T = ZFBDT
->master data with that payment terms have to pay immediately
A.

Payment term day limit

Dear Experts,
Is it possible to restrict payables or receivables by using payment terms?
regards
babu

Hi ,
First of what is the requirement ?
At payment term you can set a default block for payment , where in you can set the type of block that should be applicable at the time of invoice processing . At the time of making payment first you will have to remove the block to proceed further to make the payment .
If your requirement is customer specific and you want to write your own source code then in case you can use the BADi
MRM_PAYMENT_TERMS for writing your installation specific requriements .
Regards ,
Dewang.

Document TYPE DA is adding 180 days to payment terms in fbl5n

Hi,
In transaction code fbl5n , with document type DA system is adding 180 day + payment terms days in net due date.But we want only payment term days in addition for net due date excluding 180 days with document type DA.
How we can do that.
Regards,
Praveen

Hi Praveen,
For the time being you can edit the base line date for this document and adjust according to your requirement.
And secondly, double click on the questioned customer line item and check which payment term is used in the line item.
Then in OBB8, choose that payment term and remove value in additional months field.
There must be value "6" in that field.
SAVE and move the transport request to your production environment.
Nest time onwards, this will work according to your requirement only.
Regards,
Srinu

Payment terms with disounts

Hello!
I try to create a payment terms with three disounts.
It s about a 90 days end of month on the tenth with 1 different discount for each of the 3 month.
Example :
Baseline date is 10 M-4
0,6 % disount if customers pay before the 30th M-3 of the due date
0,4% disount if customers pay before the 30th M-2 of the due date
0,2% discount if customers pay before the 30th of M-1 of the due date
due date is 10M
Two issues :
-First when i want to enter the payment (that i created) of a customers against a bill.
The disount taken in account on the payment is each time 0,6%, no matter how long the payment is made before the due line.
-second, how to create the 0,2% disount since there are only two lines in the disount customizing (by laying with the "day limit" criteria?)
Thank for your reply
Kind regards
Xavier
SAP FI consultant

Hello !
It does not reply to my question.
I had forgotten to say that i knew the 0BB8 transaction.
It s the one i use to enter the parameter but it does not work as i want it to.
Kind regards
xav

Payment Terms-OBB8

Hi ,
While configuring payment terms thorugh T.code OBB8
The client requirement is 45 days with payment at the end of month : for ex: the invoice date is April. 20th , payment due should be 31st of May. This requirement i am unable to configure through OBB8.
Please suggest me .
Thanks in advance.
Nageswar

Hi,
Step 1.
Update baseline date logic in form U100 in the program RGGBS000 thru SE38. You may need ABAP consultant's help for this.
Step 2.
Create a substitution with required prerequisites, selecting exit option and enter U100.
Best Regards,
Madhu

Need help with Payment Terms

Good Morning SAP Gurus-
I need help with an request. My client wishes to create a new Payment term with the following:
Due date should fall on the 1st day of the month after the due period of 60 days end of month. So for example; an invoice with document date of March 8th should have a due date of June 1st 2012.
How would I configure that in OBB8?

OBB8
Base line date as "Document dat"
Fixed day 01
Additional months 2
try this,
thanks

PO payment term for freight condition separate from payment term in header

Hello,
In the PO header we have payment term BB30 (30 days end of month).
they are written in the tab 'delivery/invoice'.
On item level, we have maintained a freight condition in the tab 'conditions'. With the magnifying loop we have maintained the condition details. So we have assigned that condition to a separate vendor (the carrier) and now we want to choose a different payment term for this vendor which is not the payment term in the header of the PO.
Is that possible? How?
Thanks!

Hi,
Maintain desired payment term in vendor master for transporter vendor.
In MIRO, system will pick payment term while doing 'Planned delivery cost' for that vendor.
Regards,
Piyush

Payment terms - unable find the right parameters

Hi ,
I would like to create a new payment term with the below parameters:
50% at 30 days
50% at 60 days end of month
To have those two conditions separately is easy. However, I can't see the settings to have both in the same payment term.
Thanks for your support,
Stanislas Bresin

hi Bersin,
You can use the T Code OBB8 or follow the path
Financial Accounting>Accounts Receivable and Accounts Payable>Business Transactions>Outgoing Invoices/Credit Memos>Maintain Terms of Payment
click on new entries and enter the payment terms name and days limit and all the required info...
Regards
Ranjit

Payment term with fixed date

Dear all,
I want to create a payment term as follows:
100%, 90 Days on the 10th and 25th.
I created a payment term like this:
first entry: 'day limit' - 10 days, 'fixed day' field in the "Base line date calculation" column - 10 days and 'nº of days' - 90 days second entry (for that same payment term): 'day limit' - 25 days, 'fixed day' field in the "Base line date calculation" column - 25 days and 'nº of days - 90 days;
third entry (for that same condition term) 'day limit' - 31 days, 'fixed day' field in the "Base line date calculation" column - 10 days and additional month - 1 and 'nº of days - 90 days;
The system is not giving the expected result. For instance, for a customer with that payment term when document date is 30.09.2012 i should obtain payment date like 10.01.2012 but i obtain 08.01.2012.
I need a field wher to fix day of month for payment. Does it exist?
I hope you can help me.
best regards
Joana Trigo

Dear Trigo,
Unfortunatelly the System do not manage week day it only manage dates
in specific, but there are some options that maybe helpful:-
1. Using the field FIXED DATE:
   Fixed calendar date as part of the date on which the first or second
cash discount period ends and/or the date on which the due date for
date net payment (date on which payment of an open item is due net, that
is with cash no discount deduction) is reached.
2. Could be into Default for baseline date area, not set the indicator
"No default" with this you then have to enter the base date manually
into your document.
3. You have the option "DAY LIMIT":
    Day of the month up until which the correspondig 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.
For Example:
The following terms of payment require you to enter a day limit:
Documents with an invoice date on or before the 15th of the month
    are payable on the last day of the next month.
Documents with an invoice date after the 15th of the month are
    payable on the 15th of the month after the next month.
Mauri

Creation of new payment term - T.Code: OBB8

Hi All,
I got a requirement from my user to reate a new payment term as below.
Requirment 1. Spec 1-7th 7th 45days / 8th-21st 21st 45 days/else 7th 2 months
Requirment 2   Spec 1-7th 7th 60days / 8th-21st 21st 60 days/else 7th 3 months
Can you please sugget me, how to configure this in transaction OBB8
Thanks in advance
Prasad

Hi,
You need to create the payment term as below:-
Requirement 1:-
Payment Term = <ABCD>
Day Limit = 07
In the "baseline date calculation" box:-
     Maintain fixed day = 07
In the "Payment Term" box:-
     Maintain no. of days = 45
Payment Term = <ABCD>
Day Limit = 21
In the "baseline date calculation" box:-
     Maintain fixed day = 21
In the "Payment Term" box:-
     Maintain no. of days = 45
Payment Term = <ABCD>
Day Limit = 31
In the "baseline date calculation" box:-
     Maintain fixed day = 07
In the "Payment Term" box:-
     Maintain Additional months = 02
Requirement 2:-
Payment Term = <XYZZ>
Day Limit = 07
In the "baseline date calculation" box:-
     Maintain fixed day = 07
In the "Payment Term" box:-
     Maintain no. of days = 60
Payment Term = <XYZZ>
Day Limit = 21
In the "baseline date calculation" box:-
     Maintain fixed day = 21
In the "Payment Term" box:-
     Maintain no. of days = 60
Payment Term = <XYZZ>
Day Limit = 31
In the "baseline date calculation" box:-
     Maintain fixed day = 07
In the "Payment Term" box:-
     Maintain Additional months = 03
Regards,
Gaurav

Adding Payment Terms: 45 days End of Month

Similar Messages

Maybe you are looking for