Credit Terms with Grace Period in Credit Management -
Team,
I want to know how to define the following:
Credit Terms: Net 30 days
Grace Period: 5 days
The systems should not put Sales Orders on 'credit hold' upto 35 days. On the 36th day (and beyond) Sales Orders should be put on 'credit hold' by the system.
Please let me know where and how to configure above scenario in R/3.
Thanks
Hi Reji,
To achieve this, you assign two different credit control areas to two different sales areas. Then in "OVA8" you maintain the horizon period differently.(You can maintain in days aswell). and you maintain the overall credit limit as it is in the Customer Credit Master record (FD32) .This should solve the problem.
Regards
Ram Pedarla
Similar Messages
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Grace period in Credit Management
Hi All,
Can any one let me know how are grace periods in Risk categories maintained in Credit Management .
For Instance Low risk category:5days
Medium Risk Category :2days
And where does the effect can be seen ?
Regards,RajneeshHi...
Grace periods are configured based ipn risk category. Risk category is alloacted to the customer based on his past history. Like you dont want to block the customer who has good credit history but could not pay his last invoice on time and you want to give him 7 days grace period rather blocking the deliervy for the same. -
Credit terms with No. of days
Dear Experts
In my client site new req. has come up-Business scenario is for credit Mgt based on credit limit and credit period.
e.g. A customer can buy two different product from two diff sales area.If he buys product from first sales area credit period shd be 50 days & from second it shd be 100 daysbut overall credit exposure will be same.
How to Map the following scenario.
THANXHi Reji,
To achieve this, you assign two different credit control areas to two different sales areas. Then in "OVA8" you maintain the horizon period differently.(You can maintain in days aswell). and you maintain the overall credit limit as it is in the Customer Credit Master record (FD32) .This should solve the problem.
Regards
Ram Pedarla -
Assignment of FSV with 52 periods in OB37 not possible
Hello SAP Guru,
I am having this concern of assigning the Fiscal Year Variant WK with 52 periods thru OB37 to company code 1000 but error
"More than 16 periods can only be used in the Extended General Ledger" appears.
The management would like to change the current fiscal year from V3 which is from April to March which holds the 16 posting periods including the 4 special periods into a 52 WorkWeek periods. The purpose of having the 52 WorkWeek is that the Management wanted to see the Financial Statement in a weekly basis. And this changes should have take effect on April 1, 2014. I have successfully created the Fiscal Year Variant WK but when I am about to assign it to CoCode 1000, such error message appears. The message says that the periods more than 16 period should be used in an Extended General Ledger. Can someone please guide me on how to do this or is there a simple way on assigning the new Fiscal Year Variant to a CoCode.
Appreciate your immediate feedback as I have to report to management on March 14 that the new Fiscal Year with 52 periods is available in the system.
Thanks,
JulieHi Sowmya,
Thanks for the info. But how can I use the FSV WK with 52 periods as the management want to start using workweek in generating reports effective April 1, 2014? Can you help me on this as there are only 2 weeks to report to management that the WK is available in the system.
I read about the Non Leading Ledger and already assigned the Cocode 1000 and the WK as well to this ledger, how will this work?
The objective is for reporting purposes only, to generate the Financial Statement on a weekly basis as well as the GL posted transaction.
Please guide me.
Thanks,
Julie -
Hello. I'm Taleh Gahramanov from Baku, Azerbaijan. On June 1, 2013 in your Baku-Azerbaijan branch "Alma Store", I bought on a credit iMac (27"/3.2QC/2x4GB/1TB/GTX675MX-1GB/WLMKB) for 2.149 AZN with a period of one year guarantee on the behalf of my friend Asgar Imamverdiev. But a week later I noticed some problems in the screen of computer and I went to Alma Store for asking about this problem. I was told that this problem happens in all computers. Afterwards the same problem happened again. I took the computer to Apple technical service in Baku and I was told that there's a serious problem in the display. Showing my one year guarantee, I required a new computer. But I was told the following: "Wait, we'll order a detail, it will arrive in a month. So we'll repair the problematic part and will let you know. If you wish, take a computer till the arrival of spare part. When the part arrives, we'll let you know." I don't want a repaired computer. Besides, if I wait for a month, my work will be delayed. For that reason, I ask you to susbstitude my problematic computer with a new one. In advance thanks! Computer (1P) Part No. MD096RS/A (S) Serial No. C0*********NCW Model No. A1419
<Edited by Host>Hello Taleh,
Wer're just other users here trying to help other users, you'll have to contact Apple, maybe calmly ask to speak to a Customer representative, & see if they can help you.
Good luck & wishes. -
F110- not able to clear the debit and credit entry with the same reference
Hi,
I am not able to clear the debit and credit entry with the same reference in F110 even after having the payment terms as immediate payment, payment method is maintained in document no and vendor master data. Both debit and credit entry is appearing in FBL1N as an open item but it is not appearing in F110.
In Log message appear as 8 days grace period is existing whereas as payment term is just 0001- immediate payment.
Kindly advice me what could be wrong.
Thanks,
Manya.Hi,
Credit and debit balance in vendor account are not cleared automatically when only vendor line item has payment method and credit memo has not payment method. Also when there is not payment method maintained in vendor master data.
In such case to avoid payment to vendor when vendor has debit balance we perform debit balance check.
In second scenario when u2018individual paymentu2019 is selected in vendor master data vendor invoice and credit memo are not cleared automatically in F110.
To setoff vendor credit and debit balance in F110 you to uncheck u2018individual paymentu2019 check in vendor master data > company code data > payment data.
Thanks!
Raju -
Why need to link credit memo with invoice
Hi, gurus,
I received an AP invoice valued $2222 and then received a credit memo valued $222 about 1 week later.
Now I need to make payment.
I was told it's good to link credit memo with invoice by entering invoice number in the field "invoice reference" when creating credit memo. But I'm not sure why it's better because system will pick up both items anyway when i entered $ 2000 using f-53 to make outgoing payment.
The only reason i can think of is this link will guarantee that credit memo has the same terms of payment with invoice.
Is there any other good reasons? Any help will be appreciated.Dear,
We need to link credit memo with invoice against for two obvious reasons
1.. Future tracking of all credit memo i-e if we gave excess credits to vendor then it was against which invoice. This will create linkage and tracking of credit memo with invoice that will be shown in FBL1N .
2..At the end of specific time period ,month or quarter ,its a normal practise to reconcile vendor balance as per SAP ledger to that of vendor's own book. At that time you will need credit memo track also that against which invoice was the credit given.
This all can be achived after posting credit memo with refrence to invoice number. Audit perpective should also be kept in mind. Hope this will help you
Regards -
Problem with baseline date of Credit memo
Hello all
The issue is like this: if I am posting a credit memo using TCode- FV75 then then the baseline date is picked automatically as the document date but if I use TCode: FV70 then the baseline date is not picked.
Can anyone please tell as what is causing this issue :
Thanks in advance.
Regards.Dear all,
A credit Memo without an Invoice Reference is always due on the
Baseline Date (the Exceptions to this are Credit Memos which have an
explicitly-stated Value Date)" > this Logic was introduced starting
from Release 3.1I.
Summary:
1. Credit Memo with Invoice Reference have the same Terms of Payment
and Baseline Date as the Invoice.
2. For the Credit Memo without Reference to an Invoice, there are 2
methods available for choosing the due Date :
a) The Due Date for Net Payment (RFPOS-FAEDT) is identical to the
Baseline Date for Payment (BSEG-ZFBDT). The Period for Net Term or
the Term of Payment is not taken into Account. This is the Default.
b) Or the Credit Memo is due based on the Payment Terms. For this,
you must enter the Indicator "V" in the Credit Memo Field BSEG-REBZG
"Invoice Ref", in addition to the specified Payment Method.
You can modify this Field for the Credit Memos already posted.
=> the above Details are documented in the Help F1 behind the
"Invoice Ref" Field.
Manual filling of the Field can take place during the Entry of the
Credit Memo, or in a Document Change Transaction:
Run transaction FB02 to call up the Credit Memos. Drill down
to Customer Line Item. Here, you should be able to see the Field
"Invoice ref.' (BSEG-REBZG). Place a 'V' in this Field. With this,
the Credit Memo is due based on the Payment Terms.
I hope this helps.
Mauri -
Error while creating a credit memo with reference to invoice
HI aLL,
I am facing one issue while creating a credit memo request in VA01 with reference to invoice.
Our project stock is valuated stock.
When we try top copy the error pops up" Valuated project stock not allowed with customer stock." and the line item is not copied in the credit memo.
Diagnosis:The entered wbs manages a valuated project stock,at the same time sales order stock is maintained on sales order line item.this combo is not allowed as different valuation methods within a project is not allowed.
Tarun KapurDear Tarun!
1.Within a project we can get stock only in PROJECT or in SALES ORDER STOCK.....a single material can not be a both place at particular time ..so keep only one
Project Stock or Sales Order Stock..
2.Check DIP PRofile (ODP1) in usage BILLING AND RESULT ANALYSIS -Charectiristic -SDOC TYPE CMR.....are you selecting right document to which you want to copy .....
Rewards Points if usefull
Regards
SMITH -
Third party credit update with goods receipt
Hi Experts,
I need to know how customize the credit control management in the following situation:
In third party flow without SD delivery: Sales Order -> Purchase requisition -> Purchase
Order ->Goods Receips from supplier.
The credit control has to be done with the delivered amount not
invoiced. But in this flow the SD delivery is substitue by MM Goods
Receipt in order to deliver products to the customers. When goods
receipt is done the delivered credit amount isn't updated.
it's necessary to check the amount delivered not the amount ordered (as it's done with the current customization)
The customizing is:
the item category:
billing relevance 'B': Relevant for order-related billing - status
acc.to order qty
o Copying control -> invoiced quantity indicator 'E': Goods receipt
quantity less invoiced quantity
Schedule type: u2018CSu2019
Credit control area update group: 00012
Automatic control check : 'D', flag in open deliveries.
We have checked note 410685 but not solution has been found.
Example: Customer has a credit limit 1000 euros.
1) Create a sales order with an total amount 900 euros.
2) Create purchase order with the purchase requisition created
automatically by the sales order and release it.
3) Do goods receipt for an total amount 800.
4) Create another sales order with a total amount 150 euros.
Now, the new sales order is blocked, because the calculated credit is
100 (credit limit - ordered amount). If the credit is calculated with
the delivered quantity, the credit will be 200 and the new sales order
won't be blocked.
Thanks in advance,
LauraHi Nagesh,
In any credit memo scenario, always enable the creation of Credit Memo Request and then Credit memo. When the credit memo request is to be created, make sure that it is always created with reference to the invoice document only and not reference to the sales order, as the objective of Credit memo is to correct the prices in the invoice document. This will help you in various scenarios like exchange rate where the value of sales order and the value of invoice can be different in the local currency due to ex.rate fluctuations.
As credit memo takes care of incorrect prices, having a document flow of credit memo request with reference to sales order is incorrect.
With reference to the error message, it is a valid message as an invoice has been created with reference to the order. You should not create a credit memo with reference to a sales order(OR), for credit memo, u shd use a credit memo request only as the reference.
Hence the flow for your question is
Sales order>Invoice>Credit Memo req-->Credit Memo
OR>F2>G2W(Confirm with others on the doc type)-->G2S
Pls lemme know if you need further clarifications in this topic. -
Need help with Query to determine Credit Memos and Invoices
Hi All
Thanks for all the help here.
I need a query to determine any credits or invoices issued within a given period.
OINV and ORIN with UNION ALL?
Please advise any help.
Thank you!Hi Daniel,
Please check below Query.
SELECT T0.[DocNum] as 'Invice No', T0.[DocDate] as 'Invoice Date', T0.[CardName] as 'Invoiced Customer', T3.[DocNum] as 'Credit Memo No', T3.[DocDate] as 'Credit Mamo Date', T3.[CardName] as 'Credit Memo Customer' FROM OINV T0 LEFT JOIN INV1 T1 ON T0.[DocEntry] = T1.[DocEntry] LEFT JOIN RIN1 T2 ON T2.[BaseEntry] = T1.[DocEntry] AND T2.[BaseLine] = T1.[LineNum] LEFT JOIN ORIN T3 ON T2.[DocEntry] = T3.[DocEntry] WHERE T0.[DocDate] >=[%3] AND T0.[DocDate] <=[%4]
Hope this helps
Regards::::
Atul Chakraborty -
Due date calculation for the credit memo with invoice reference.
Hi,
When we create the credit memo with reference to invoice, the due date for the credit memo is getting copied from Invoice. In this case if the invoice is due on 31.12.2008 and the credit memo is created on 10.09.2009, then the credit memo due date is appearing as 31.12.2008. It should be 10.09.2009 as per the setting in VOFA billing type customisation in "Credit Memo w/vldt".
I would like to know how to customise the below requirement.
If the reference invoice is due after the credit memo creation, the the credit memo should due as per the invoice date.
If the invoice due is past & then the credit memo due date should be Immediate i.e. Due Immediately.
Thanks in advance for help.
Regards,
NithinI doubt there is such option. From the past projects I do remember that we made a change in the form to print the document date as 'Due Date' for credit memos. Credit memos were paid at once when they were processed and I think that payment term was copied from the original invoice, which made their due date far in future.
-
Credit note with invoice reference are not concatenate in F110
When I create a credit note with invoice reference by VA01, the fields payment term, Baseline date for due date calculation, Assignment and Payment method are copied correctly from invoice to credit note, but in FI document the field invoice ref. 'BSEG-REBZG' is not filled. So when I run the transaction F110 Automathic Payment (for Italy) the invoice is rigthly payed but the credit not is included into Exceptions with the note 'No pymt possible because items with a credit bal.still exist'. If I put in the field 'BSEG-REBZG' the reference to the invoice, the one and credit note are concatenated and I have a rigth parzial payment.
There is a way to have this link when I post the Fi document by vf01-vf02 without putting it manually using FB03?
Thank you in advance
Gianluca.hiii
please refer thi link reconciliation in 2005
https://websmp208.sap-ag.de/~form/sapnet?_FRAME=CONTAINER&_OBJECT=011000358700000789632007E
i would suggest you to upgrade your version, as reconciliation is very easy in higher versions
please refer sap note no 1051038.
Thanks
Rizz
Edited by: Mohammed Riyaz on Apr 24, 2009 4:01 PM -
Hello Gurus,
for field " Credit memo with value date" in billing document, field VALDT (fixed value date) in the credit memo request is filled with the payment deadline baseline date of the base billing document. where is that payment deadline baseline date of the base billing document ?
Many thanks,
Frank ZhangHi
That pament date is the date of line item comes due for payment. Billing date+Pament terms= Due date.
This field is helpful for the following scenario,
You have sent an invoice on 01.08.08 and the pament due date is one month. Due on 01.09.08. This is calculated from the pament term. Now the customer rejected some ofthe material and sending you back as sales returns. Now you are creating a credit note on 04.08.08 and post it to accounting. If the due date of the original invoice is not taken for consdered then you are paying the customer who has not yet pay you for the original invoice.To avoid this, the pament due date is taken from the original invoice if you mark VALDT field. -
Block SO due to payment/credit terms
I wish to know how to do the configurations for the following situations. I know that the credit management is useful to block SO due to exceeding credit limits. But I want to know how SO are blocked due to payment terms.
1. I want a SO blocked for a customer that has other open SO that are exceeding payment terms/credit terms. Automation block.
2. System checks payment terms as well as credit limit. The SO will be blocked for that customer for both conditions.
3. Once the customer cleared payment for the open SOs, only then can they proceed to make new SO.
Best regards,
ZarahHi Zarah,
Please refer to karnesh's answer to my query. Its useful. auto credit check
Also, i found 1 more useful point. Search 'defining payment terms'. Its in IMG> FI> AR/AP> OUTGOING INVOICES.
here while defining the terms of payment, we have an indicator for payment block key. Also, we can set the 'base date' from which the terms of payment will be effective. Try n use this.
Karnesh, if u can give some input this, that will be very nice of you.
.-Prashant
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