Creation of New Terms of Payment

Hi,
I am facing a daunting task of creating a Term of Payment for vendor with the below conditions. The details are as below:
1) 10% of the contract price as interest free mobilization advance
2) 85% against Monthly Running Account (RA) Bills within 21 Days
3) 5% retention Money after completion of work
4) Final Payment shall be released within 30 days.
Please suggest.

Hi,
Please refer below document for your needful:
http://help.sap.com/bp_bblibrary/500/Documentation/L03_ConfigGuide_EN_US.doc
Regards

Similar Messages

New Terms of payment: 75 days. 10 & 25 fixed days

Dear all,
I need to create a new terms of payments: 75 days with fixed days 10 and 25, but i am not able to get the correct data.
An example of the data we want to obtain is:
Date     Days     Due date
01/10/2010     70     10/12/2010
02/10/2010     69     10/12/2010
03/10/2010     68     10/12/2010
04/10/2010     67     10/12/2010
05/10/2010     66     10/12/2010
06/10/2010     65     10/12/2010
07/10/2010     64     10/12/2010
08/10/2010     63     10/12/2010
09/10/2010     62     10/12/2010
10/10/2010     61     10/12/2010
11/10/2010     75     25/12/2010
12/10/2010     74     25/12/2010
13/10/2010     73     25/12/2010
14/10/2010     72     25/12/2010
15/10/2010     71     25/12/2010
16/10/2010     70     25/12/2010
17/10/2010     69     25/12/2010
18/10/2010     68     25/12/2010
19/10/2010     67     25/12/2010
20/10/2010     66     25/12/2010
21/10/2010     65     25/12/2010
22/10/2010     64     25/12/2010
23/10/2010     63     25/12/2010
24/10/2010     62     25/12/2010
25/10/2010     61     25/12/2010
26/10/2010     60     25/12/2010
27/10/2010     75     10/01/2011
28/10/2010     74     10/01/2011
29/10/2010     73     10/01/2011
30/10/2010     72     10/01/2011
31/10/2010     71     10/01/2011
Thanks in advance
Iné

Dear,
what you mean with 10 and 25 as fixed days? You refer to the payment date?
Surely you must create a user exit in this case.
Regards

New Terms of Payment Requirement

Dear Expert,
We have different Terms of Payment as per the Customer, Ex. we have terms of payment i, e. for particular customer and its working or calculate as per the our sap system but for Customer calculate days of terms of payment as the when he receive the Bill....from our side we are right and from side of customer he is also right...we calculates days as per the SAP-System and customer calculate days as per the once he receive the bill.
Now management taken decision how we calculate this things in sap even also in report because EX....if terms of payment of customer is like 20% at the time of booking and rest at amt. after 30 days....now we enter order and did it billing same day now we received 20% same day and rest amt. will be after 30 days but our sap system starts date calculation from today and if customer will receive bill after 10 days then after he will calculate from that day.
how we track and what exactly solution in sap i dont know so please provide me solution for how we track in Terms of payment and also in report.
So expert please provide me the solution on it.
Regards,
Abhijeet

yes sir but some customers hard copy and soft copy also but not all
If it is soft copy--then the days calculated will be of No-Problem.
Currently,How you are differentiating the customers that for some customers soft copy,some others only hard Copy...(Pl provide us clarity here)
""""" Ex. we have terms of payment i, e. for particular customer and its working or calculate as per the our sap system but for Customer calculate days of terms of payment as the when he receive the Bill...."""""""
Are you sure of this requirement???
Business can never postpone the invoices(in particular the payments) based on Customer Working days...
Have you tried with Additional value days option for your Pricing conditions...
Pl update us...
Phanikumar

New terms of payment set up for 45 days

Hi All
I need to create a pay terms.The delay is 45 days end of month.
That mean you have a minimum period of 45 days but the payment is on the last day of the month. If customer receive his purchase before the 15 of the month he must pay 1 month and an half, if customer receive after the 15 then a have near two month to pay.How we can define this. Thanks in advance.
Regards
Hari

Hi Quemener Bruno ,
You need to define 2 payment terms with the same name , config Steps are :
step : 1.
Pay Terms : XX45
Daylimit : 15
Account Type :
Fix Days : 45
Additional Month : 1
Default for Baselint Date : as per your requirement
Term : give 31 in Fixed Date
Additional Month 0
Save
step : 2
Pay Terms : XX45
Daylimit : 31
Account Type :
Fix Days : 45,
Additional Month : 1
Default for Baselint Date : as per your requirement
Term : give 31 in Fixed Date
Additional Month 1
Save
Please let me know if you are facing any problem
Regards
Hari

Terms of Payment for credit memo

Dear Friends:
I have created terms of payment (Z12). This has to be used in credit memo in customer - T.code F-27 .But in customer master, there is a different terms of payment.How can i use the newly created terms of payment(Z12) in T.code F-27.
The New Terms of Payment should be in the credit memo by default. Is there configuration settings by which the new terms of payment are selected by default?
Please advise.
Regards
MSReddy

Hi MSReddy,
There should be a field in the customer master/company code data/payment transactions tab to enter the payment terms for credit memos.
If this is not displayed for your customer group check screen layout settings for customers.It might be supressed.
Regards
Nadini

Terms of payment- 2 additional days are considered for giving discount

Hi All,
I am facing a problem with Terms of payment.
I have configured a new terms of payment as "34 days -2% and 35 days net due".
Surprisingly it is giving discount even if i pay on 35 and 36th day also. In OBB8, i have taken Document date as default date for calculating days and i have not given any additional days.
This is text displayed at OBB8 "Within 34 days 2 % cash discount Within 35 days Due net".
Eg: I post doc on 01.04.09 and bline date is 06.05.09.
Even when i pay this on 06.05.09 or 07.05.09, it is giving 2% discount.
Please let me know why system is considering 2 additional days. This problem is there even in other payment terms also.
Ours is a US based project.
Regards,
Rajanikanth.

Hi Rajini,
In your case, system allows due date + 2 days for grace days. Therefore the actual due date in your case is 05.05.2009 + 2 days = 07.05.2009. System will not calculate cash discount @2% on or after 08.05.2009.
I think you are maintainin "Tolerance Group for Customers/Vendors.
Please go to Transaction Code: OBA3. In OBA3, there is a field for "Grace days due date". I think you have given 2 days as grace days there. You have to remove grace days there and try it. Now system will not give 2 days as grace days while calculating cash discount.
Hope this helps you.
Regards,
Kannusamy S

Terms of payment: 85 days. 10 & 25

Dear all,
I need to create a new terms of payment for Spain: "85 days. 10 & 25".
No problem to create it, but with days 6 and/or 7 of each month it doesn't work propertly. Depending on the days of each month.
I created it in the following way:
Day limit: 7
Nº days: 115
Fixed date: 10
Day limit: 15
Nº days: 85
Fixed date: 10
Day limit: 31
Nº days: 85
Fixed date: 25
For example, in october it works Ok:
06/10/2010 --> 10/01/2011
07/10/2010 --> 10/01/2011
But for november:
06/11/2010 --> 10/03/2011
07/11/2010 --> 10/03/2011
But it should be 10/02/2011
How can we manage the days depending on each month?
Thanks in advance,
Iné

Hi,
Please go through as per this thread. You may reach your requirement.
Payment Terms
Regards,
Schilukuri

T-code for term of payment

plz let me know the t-code to create new terms of payment condition for Customers.
full mark for correct answer.

The T.Code to create new payment term is obb8
thanks
G. Lakshmipathi

Term of payment - 24x

Hi guys,
I am trying to create a new term of payment for 24x, but I have a problem because I am not able to set up the same percentage for each payment, I mean, it's necessary to share 100% to 24, but the result is 4,166666667 however SAP just treats 3 decimal.
Is there any way that we can figure out it?
thanks
Daniel Dorta

Hi,
I didn't consider any SD plan, once we don't have this module here.
I need this payment term becuase the client did a leasing in 24x.
I have another question, is it possible to set up a fix date for the due date? For example, I want that all the partial should be in 15.
Thanks
Daniel Dorta

What are the new terms for renewal of payment for converting pdf to word?

What are the new terms for renewal of payment for converting pdf to word?

Hi joannep59572680,
The terms haven't changed recently. ExportPDF subscriptions renew annually, unless your turn off Auto Renewal before your renewal date.
Do you have a specific concern about your subscription?
Best,
Sara

Term of payment does not exist in target system

Hi Gurus,
Scenario: Classic, Self service procurment.
I made a shopping cart with my requirements.
PR and PO created in the backend system.
Posted the GR in SRM....and got the message of posted in the backend.
Posted the invoice in the SRM and message creation completed and found that it has not been posted in the backend (checked the PO history).
The message found in SRM SLG1...."Term of payment does not exist in target system" for that.
Checked the vendor conditions and found that terms of payment exist in the backend system for that vendor.
What could be the problem and how to resolve this issue?
Thanks in advance
SG
Message was edited by:
SRMGUY

Hi,
I am new to SRM.
We have created new payment term in ECC and replicated to SRM using BBP_UPLOAD_PAYMENT_TERMS. We are able to see in table BBP_PAYTERM and BBP_PAYMENT_TEXT.
But the non of the payment terms are reflecting into PO in SRM after this.
I am able to see the payment term in backend in BBP_PD. I am getting the below warning message when I click on Check Button.
'Term of payment does not exist in the target system'.
What could be the problem and how to resolve it?
Thanks in advance.
Best Regards,
Siddappa

Terms of payment in PO from Pinfo record

Dear All,
Can we copy the terms of payment from Purchasing info record in PO instade of Vendor master?
My requirement is that client want to maintain terms of payment as per Vendor - Material combination in Purchasing info record and same should be appeared while creation of PO.
I am able to maintain the terms of payment in Pinfo record but same is not getting copied while purchase order thats the issue now.
I had maintain the terms of payment in condition tab-- addtional data tab but still system is taking the payment terms from vendor master.
so please tell me if there is anything we have to do to update the terms of payment from info record not from vendor master.
its urgent if u have any solution please help.
regards,
umesh

if u are purely going for the terms of payment from info record then do not assign the terms of payement in vendor master in purchasing data view and in accounting view
but i am not sure of this solution as the terms of payment in accounting view of vendor are used in miro and they are not there it may cause some problem but anyways u can try that one out in sand box

Changing terms of payment on an order

Hello Everyone,
There is a big issue at my company and I am hoping someone can help me out with this. There are occasions when a customer will come into one of our branches and place an order on their account that has the terms of payment set to cash. The order will flow through our system and not hit VKM1 for credit check. Once the customer gets the product they will say they don't have the cash and they want it to go open account terms. Our branch employee will then go into VA02 and change the terms of payment on the order after post goods issue so the order will not get credit checked in VKM1 and the amount will go open account. We will end up not getting paid for this merchandise. Is there any way to put a block on this change after post goods issue in VA02? I was told that no credit checking can be done once the order gets to that point. Please help.
James

Item Payment terms is not available in SAP E-Commerce without enhancements.
Since the item update event doesn't include this field in the backend interface, the best approach is to use "Extension data" fields at item level to add this feature. The update of the backend "model" needs to be done using ABAP in the item extension BAdI. ( I am assuming crmstandard scenario).
You can use the "same" JSP code with little modification to read the item payment terms field. The valuehelp used in the header can be used for item too. From JSP, you can add the field value to extension data of Items in the SalesDocumentParser's customer exit for item.
This new custom field has to be read in the item BAdI and later added to the Item payment term in the backend order object (Order_maintain).
In the response cycle in the same item BAdI, the value then has to be read from the order object (Order_read) and added to the extension data tab.

Credit Management Process based on Terms of Payment.

Hi All,
My Client wants to use SAP Credit Managment Process. The SAP is currently being used but without Credit Management. As per my initial discussion I have enclosed the requirments below. Your Kind Help will be highly appreciated.
1.     The Process has to be implemented in a 2 Step Process.
2.     The Initial Requirement is based on Terms of Payment. If the Number of Days is Overdue for the Invoice for a particular Customer, the system should issue a warning message (in the Form of Mail or any other way) which can be shown as evidence to the Customer for collection of Payment so that further Sales Transactions can take place.
(Is there the standard Process in Credit Management based on Terms of Payment)
3.     In the next step Value Base Credit Check has to be implemented. The Value will be set for a particular Customer in Credit Master. When the Sales Order is raised and if the Credit Limit is exceeded the System should issue the warning message. Based on the Warning Message Issued an email should triggered to the particular person in Finance that the Credit Limit for a particular person has been exceeded and Credit Limit needs to be increased.
Thanks & Regards,
Sam.

Dear Mr F Farooq,
1. The Process has to be implemented in a 2 Step Process.
Do the following configurations for credit management :
Refer the following link.
http://wiki.sdn.sap.com/wiki/display/ERPLO/CreditManagementConfigaration
2. The Initial Requirement is based on Terms of Payment. If the Number of Days is Overdue for the Invoice for a particular Customer, the system should issue a warning message (in the Form of Mail or any other way) which can be shown as evidence to the Customer for collection of Payment so that further Sales Transactions can take place.
(Is there the standard Process in Credit Management based on Terms of Payment)
Now for this requirement, since different billing documents for the same customer can have different payment terms (whcih means different billing will be due on different date) , please make the following changes in OVA8
Check for 'oldest open item'
Now follow my reply in the below thread.
Sales order to be blocked based on customer payment terms and credit limit
You can use WORKFLOW to trigger mail when such a message is triggered in the sales order , due to credit check.
Ask your ABAP-er for details on workflow.
3. In the next step Value Base Credit Check has to be implemented. The Value will be set for a particular Customer in Credit Master. When the Sales Order is raised and if the Credit Limit is exceeded the System should issue the warning message. Based on the Warning Message Issued an email should triggered to the particular person in Finance that the Credit Limit for a particular person has been exceeded and Credit Limit needs to be increased.
Just configure according to the thread given for 1st POINT.
CHECK FOR DYNAMIC and set reaction as 'C' and check STATUS /BLOCK.
Maintain the credit limit in the FD32.
Now when the sales order value exceeds the credit limit , a message will be triggered.
Use the concept of WORKFLOW to create mail based on this message .
When the user gets mail, he can maintain the new credit limit in FD32 and release the document for delivery/billing in VKM3.
Revert back if there is any issues.
Thanks & Regards,
Hegal K Charles
Edited by: Hegal . K . Charles on Aug 7, 2011 1:19 AM

Default a terms of payment for residual item

Hi experts,
When customer making partial payments, we will create a residual item for the remaining balance. The terms of payment for the residual item is different from the original document / customer master and is always the same for all customers.
Q: How to default a terms of payment for the document with the residual item?
Thanks in advance.

HI Yuki,
Pls follow the folowing path for deafulting a payment term for a residual payment.
Financial Accounting (New)>Accounts Receivable and Accounts Payable>Business Transactions>-Incoming Invoices/Credit Memos->Open Item Clearing>Clearing Differences-->Define Tolerances for Customers/Vendors
or tcode OBA3
here double click on the tolerance group for ur company code.
Under >>specifications for posting residual items from payment difference>>> in Fixed payment term enter the payment term that u wish to assgin for a residual payment (Terms of payment key which is to be transferred to the line item when posting residual items)
Regards,
Kiran

Creation of New Terms of Payment

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