Difference in terms of payments
while creating any vendor group
we have terms of pmnt in 2 places.
1. compamny code->pmnt tr.-> terms of pmnt
2. purchasing data-> purchasing data-> terms of pmnt.
what is th difference in these two terms of pmnt in a single vendor account group.
please tell precise answer and use
There is no difference in this terms of payment.. but here the priority rule come into picture,,,, that means the system will consider the terms of payment in priority which is entered during the transaction,, i.e is purchasing data...
if the payment terms are not entered in purchasing data that the system considers the payment terms entered into the coompany code data.
company code data entered is the default data but system consideres the the priority for the transaction and newly entered data...
this both can be same or different... say for example for particular vendor for all transaction u want to use 001 payment terms but for only one transaction u want to use 002 than u need to enter the 002 in payment terms and 0001 in company code data.. system considers the 002 payment term for that particular transaction only....
hope u understand.
reward points
sejal singh
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Difference bet terms of Payment for Installment Plan and Installment Plan
Dear All,
what is the functionality difference between terms of Payment for Installment Plan and Installment Plan? please pour your thoughts.
thanks in advanceHi Vinay,
Terms of payment :-this is nothing but when vendor will pay the amount to party.
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Funtionally we can use for both T.codes OBB8,OBB9
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Terms of Payment in case of Residual Payment
Dear All
I have made a Terms of Payment K1 for my Customer. After making a residual payment, the terms of payment for the residual amount is coming by default 0004. But I want it should come from Original Invoice payment terms...
Please guide me.
KanwaljitHi,
Goto the TCODE : OBA3
in that check the payment terms given in the "Specifications for posting residula item for payment differences" category. Remove the payment term and select the "Payment term from invoice"
VVR -
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
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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)
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Kiran -
Clarification about plant and terms of payment In Master Data:
Hello Gurus,
I have a doubt as follows:
1) In Material master (MM01) we are maintaining Plant as two types.
a) Plant at organisation leve pop up at the begining
b) Delivering plant at Sales organisation 1.
So, is there any difference between plant and delivering plant or are they different objects ?
2) Terms of payment in Customer master (XD01)
a) we maintain Terms of payment customer master at company code level in "Payment transaction"
b) we also maintain Terms of payment in customer master at sales area data in "Billing Documents" tab
Now Why do we need to maintain at these to levels.
FYI: I have also tried to maintain two different Terms of payment and without any hesitation the system accepts, why ?
What is the significance of it.
Please clarify the above.
Thanks,
Venky.Hello Venky,
1. Material / Plant
A Material is always stored in a Plant & there would be various parameters to be entered for that particular Plant. E.g. Storage Bin, Picking Area, Negative Stocks allowed in Pant, GR Processing time, etc..
Now the same Material may or may not be sold from the same plant, or even if it is sold from the same plant, there would be different Sales parameters for each combination Sales Organisation & Plant. There Sales Organisation specific parameters are entered in Sales Organisation/PLant view. Tax classification Data, Cash Discount indicator, Sales Unit, Delivering Plant, Division, Minimum Order & Minimum Delivery quantity.
2. Payment Terms
The Payment Terms entered in Billing tab in Sales Area data is copied into Sales order & Invoice.
The Payment Terms in Company Code data are used by FI department when posting direct payment (without reference to Sales Document). e.g. to Offer Cash Discount for paying in advance.
Hope this clarifies,
Thanks,
Jignesh Mehta -
Payment terms and Terms of Payment
Hi,
Can any one clear me, is there any difference between Payment terms and Terms of Payment? If yes please give me the what are those.
Thanks in Advance
Prabhakar
Moderator: The same as between 'Press F1 on the field' and 'When on the field, press F1'No Difference in SAP.
"Payment Term" is the short text and "Terms of Payment" is the long text of this field.
Regards,
SDNer -
Credit Memo - Terms of Payment Default
My earlier post received no response, so I am posting again,
In MIRO if I create a credit Memo, payment terms default from PO. (not from vendor master) I do not know if was configured that way. How can I find out ?
I do not want payment terms to default from any thing, neither PO nor vendor master.
It should fall due immediately say based on base line date, which is posting date in our case.
How can I do this ?
ThanksHello,
You might find interesting this OSS Note: [322430 - MIRO: Proposal logic for terms of payment|https://service.sap.com/sap/support/notes/322430]
Regards,
Milen. -
How to grey out terms of payment in sales order.
Hi,
While making sales order ,user should not make changes in terms of payment.how we can restrict the user for any changes.
and what is procedure for this.
Regards,you can get many treads if you had searched with your subject.Anyway please find one among them.
payment terms-greyed out field
I would prefer going for option of activating critical field in OVA8 if Credit management is configured in your client process.
thanks,
Srinu. -
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.
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MSReddyHi 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 made optional in account group configuration of customer
Hi Experts,
I have made terms of payment optional in account group configuration of customer master for one time customer but it is showing me mandatory when I am creating or changing customer.
Is any body has any idea why this is happening?
Thanks
Krushnakumar RathiHi
Select the Relevant account group
Double Click on the Company Code data under Field status you will get another screen
In that Screen Double click on the Payment Transactions under selection group and check the field "terms of payment" is Required entry or optional entry , mention Optional Entry
Same as Double Click on the Sales data under Field status you will get another screen
In that Screen Double click on the Billing under selection group and check the field "terms of payment" is Required entry or optional entry , mention Optional Entry
Regards,
Prasanna -
Change in Terms of payment for Vendors / Customers
Dear Friends,
If the Terms of Payments are changed in Vendor / Customer master data then what will be the effect on below situation :
1. How will any open Purchase Orders and any open Sales Orders be updated?
2. How will processed, yet open customer invoices and vendor invoices be updated?
Please share your views on above.
Regards,Hi Bidyut,
SAP works on very clear philosphy known as changes with prospective effect.
When you create a Purchase order or Sales order, this import Payment term from Purchasing area (not from Payment TAB) and sales area. In case you change the payment term in Vendor/Customer master, the invoices created taking the reference of the already created purchase/Sales orders will still have the old Payment Term.
But the payment term field is editable so if you think these are not correct, you can change the payment term in PO/SO and even in invoices anytime but useful only if changed before they are paid.
Hope this answers your query.
Regards
Bharat -
Hi
Can I have a report for Terms of payment used in Purchase Order.
Report layout I need is like
PO# Terms of payment.
Suggest me ways to do it or thru std report
ManojHi,
Go to SE16, Table EKKO
Select Fields EBELN & ZTERM and execute
You will receive a report Payment terms against PO.
Thx
Raju -
Dears,
I use a term of payment 0001 in a purchase order.
the term of payment are: 5% in 14 days, 3% in the next 30 days.
When I create a po , carry out GR, I process invoice verification. But in invoice verification for the PO, the system doesn't carry out discount calculation automatically.
I want to know why there is no automatic calculation, how to set it in sap system ?
Thanks.
ZhongkaiHi
Terms of Payment are linked to the payment processing of the vendor invoice,
if you want to see the effect of terms of payment ,
Pay the Vendor using the reference of the Vendor invoice , the system will calculate the net amount considering the Cash discount if you are paying with in the specified days.
Thanks & Regards
Kishore
Edited by: Kishore Kumar Chiluka on Jul 21, 2008 1:44 PM -
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,
umeshif 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 -
Hi Folks
I am trying to create Terms of payment through SPRO>Financial Accounting>Accounts receivable & Payable>Business transactions>Outgoing invoices /credit memos/maintain payment terms.
However whenever I am saving the changes the system does not prompt for Customising request to be inputted.
The message is prompted whenever the changes included in Request as "Entry flagged for inclusion in task".
But the transport request is not updated with the changes.
Your help is highly appreciated.
Thanks in advance
ShrutikaHi,
Go into "Maintain Terms of Payment". From menu, choose Table view, Transport.
Now pick the TOP you want transported (within your transport request), and choose "Include in request".
After performing this, when you go check in your Trans. req. your IMG activity should be recorded.
Cheers.
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