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.
THANX

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

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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

Payment Term with fixed 10 days addition.

Hi,
I want to have a payment term KM00 which says "at sight".
But internally i want system to give a 15 days grace to customer. So for example:
If i post a entry today with Payment term KM00, it should give net due date 15 days after.
Plz suggest what needs to be done on Payment term configuration.
regards

OK leave the baseline date.
Against the payment terms "No of days " field enter 10 days
Therefore the due date will be 10 days after the baseline date, which you need to define to be either the entry date, posting date or document date.
Hope this helps
Award points if useful.

The same payment term with two different Day Limit

Hello Experts,
I have the same Payment terme AAAA: 45 days, end of the month for two different Day Limit (15 and 31)
2 calcul mode are possible :
1/ fixed date :31 + additional months :1
2/ fixed date :31 + additional months :2
Actually this is the second method in use and according to the informations I have it should be the first one.
Then the user for the 16/04/2010 as Baseline date, is expecting the end of May ( 16 + 45 days >> 31th of May > 31/05) But the system calculate it for the 30/06/2010.
I want to understand the settings and how to correct.
Thank you in advance

Hello,
Need your answers

Multiple payment term with different day limit

We have three payment terms with multiple day limit. for example: ED11 (day limit 10), ED11 (25 day limit) and ED11 (32 days).
User enter just ED11 but i dont understand how system understand which out of the three is the require payment term.
Users feel that due date calculated is wrong. In most case it calculate the due date exactly based on the days mentioned in the payment term. In all cases, days mentioned are 90 days.
In one case, due date if it is (just 90 days) 30/04 but user feels it should be 10th May in the following (obviously he is reffering to ED11 daylimit 10). In this case, SAP calculate 90 days. Is it because of too many payment terms which same name.
Best,
Bala

Hi,
Please go and check the following path.If teh user wants no. of days as 10, then it should be maintained as 10 in the no. of days field in Payment terms. I think in your case it may be maintained as 90.
IMG->Finacial Accounting->General Ledger Accounting->Accounts Receivable and accounts Payable->Business Transactions->Outgoing Invoices/Credit memos->Maintain Terms of Payment->Check No. of days in Payment terms.
Assign points if u consider this to be useful.
Thanks,
Prithwiraj

Payment Term with Day Limit

Hi All,
Could anybody will give bit explanation how will SAP will work in below Scenario:
   Customer: X--- Assigned with Payment Term: ZB08
At OBB8, we defined two Paymet Term with ZB08, day limit are different. While posting document to vendor, which Payment Term i.e Payment term with Day limit will populate at document level.
Thanks inadvance.
Regards,
Venkat

Dear Srikanth,
Thanks for your immediate reply & valuable time.
I tried as you said, When i try to post Document on 06.05.2009 to vendor getting as below:
        Payment Term: ZB08      Days/Percent: 40/2.125         50/ ( Blank)
In OBB8, we define as follows:
ZB08 ( 15 Day Limit)-- Default for Baseline is Posting Date-- 2.125--Fixdays 15 & Adition month 01
                                                                                31                         01
ZB08 ( 31 Day LImit)-- Default for baseline is Posting Date-- 2.125--Fixdays 31 Addtional Month 01
                                                                                15                          02
Could you explain me, Why SAP taking 40 instead of 15 & 30 days based on posting date?
Thanks inadvance.
Regards,
Venkat

Payment term with fixed day but exclude weekends and holidays

Hello,
our customer has a requirement to have payment term that is like this:
Due date: fixed day 15th next month.
If due date falls in weekend or holiday due date will move to next business (working) day.
We have working payment term which is always the 15th on next month but it falls to weekends.
I was searching SDN found something but not working.
Could you please send me a step-by-step configuration how to exclude the weekends and holidays?
Thank you a lot.
Best regards,
Lubos

Dear Lubos,
unfortunately waht You need to have It is impossible into the SAP Standard System.
Please be aware that the vendor invoice has two relevant dates:
Baseline date   > INVFO-ZFBDT
Due on   > INVFO-NETDF
The Baseline date is managed by the "Term of payment", transaction obb8, frame
"Baseline date calculation" where You can put for example :
Fixed day            30
Additional months     3
This means that if You put as Document date 01.01.2009, the baseline date
will be 30.04.2009 (fixed day 30, additional months 3).
The "Due on" date will start ALWAYS from "the Baseline date"
(that in my example is 30.04.2009) and according to the below
"Term of payment" , the System will add
31 days, so the Due on date will be 31.05.2009.
Term      Percentage   No. of days / Fixed date Additional months
1.               %      31
2.               %
3.
You could think to use the FI substitution to reach Your goal.
Mauri

PMT Terms with Cash Discount

FI Experts,
I created a new payment term with a 1% discount if paid whithin 10 days. Can some one give me some steps as to what else needs to be configured in order to have this difference deducted at the time of payment run. I know have to set-up an account but not sure what fields I have to check in order to make it work.
1- Create new payment terms
2- I defined a G/L account for cash discount
Can some one tell me when I set-up the account if I have to set-it up a certain way? in FS00.
Thank You for your help.
Edited by: Frank on Feb 9, 2009 10:42 PM

Good to know that it is working. When you maintain payment term in vendor master, it SHOULD get defaulted when you perform FB60 for that vendor in that company code. Payment term for vendor cannot be maintained in General Data section, it is in Company code segment. Are you sure you are performing FB60 for the vendor in the company code in which you maintained payment term for that vendor in vendor master record? Please recheck. Also, if you have payment term in Purchasing Organization segment in vendor master record, it would not get defaulted in FB60. Here is what SAP help says on payment term field in vendor master record.
In most business transactions, the system defaults the terms of payment key specified in the master record of the customer/vendor in question.
In some transactions (for example, credit memos), however, the system does not default the key from the master record. Despite this, you can use the key from the customer/vendor master record by entering "*" in the field.

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

ITUNES APP STORE WITHOUT A CREDIT CARD WITH EXISTING APPLE ID

Hey,
I've been trying to create a free itunes app store account. First I read the instructions in this link : http://support.apple.com/kb/ht2534, but the link shows how to create a new account, the problem is that I already have a Apple ID.
On the other hand when I try to sign in in the app store with my existing Apple ID, I get the message "This Apple ID has not yet been used with the iTunes Store please review your account information" with two options "cancel" and "review".
Clicking in review, I go to the page with the terms of service, continuing I go to a page where I have to type my email, my password, question and answer for the password and my birth date. The email field has the email that is being used with my current Apple ID, and the password field has the password of my existing Apple ID. The other fields are blank. Completing them, and clicking in next I go to the payment options page, but there's no "none" option, so I can't make a account withou using a credit card.
Is there a way to create a itunes app store without a credit card with my existing apple ID, or a I have to create a new one ?

few days already..
it seems like a bug..
actually i can use another email to log on..
but i want my all things to be consistent

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,
Nithin

I 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

Credit memo with value date

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 Zhang

Hi
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.

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

How to define payment term - Net due 45 days after month end

Anyone have experience of payment terms such as "Net Due 45 days after Month End"?
I'm trying to define payment terms where the amount is due X days after month end.
Terms such as 10 days after month end are OK because I can set "Months Ahead" = 1 and "Day of Month" = 10
However, I can't exceed a value of 31 in the "Day on Month" field. I could assume that a month is 31 days and therefore set "Months Ahead" =1 and "Day of Month" = 14. However, this won't always be true (depending on the month) and it will impact aging buckets.
Anyone encountered this before? (These payment terms seem to common in France and Denmark)

Hi Supriya,
In OBB8, create a new payment term with the following settings -
Default for baseline date = No default
Payment terms/Term 1/Fixed date = 1
Payment terms/Term 1/Additional months = 2
This payment term will ask you for a baseline date on document entry. You can give the delivery date as the baseline date. If required, this date can be changed after posting the document also.
Hope this helps.
Regards,
Mike

Credit terms with No. of days

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