Grace period in Terms of payment

Dear all,
My requirement is this
I want to give some grace period in Payment terms , how can I maintain grace period in the payment terms.
For Exaample :- 30 days due net and addition 5 days as grace days(total 35 days)
Reply ASAP
Regards,
Murali

Hi,
In our business we just add the grace days with No.of days field itself.
For example 50% 20 days and we add 5 days so that it reads as 50% 25days. But we maintain the description (Own explanation) as 50% 20days only.
For some big customers, our accounting is maintaining the payment terms like this.
Regards

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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.
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Ram Pedarla

IS THERE A GRACE PERIOD ON LATE PAYMENT

my bill is due next sunday but i'm not going to have the money for the bill until that friday [5 days after the due date]. is there any grace period for payment? i've made all my payments on time since i've started my own verizon bill.

Thanks, SuzyQ, for your reply.
Hello jferron,
I recommend you make a payment arrangement. If you are able to make your payment within 12 days after the payment due date you can simply dial #PMT from your device and make the arrangement through our automatic service. Please note that you are subject to a $5 late fee if any pass due balance is greater than $5. I’m sure you’ll find this information helpful.
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DaisyP_VZW
Follow us on Twitter @VZWSupport

Grace period calculation Issue

Hi Gurus,
in oba3 i created a tolerance group for which the grace period is 3.
i assigned this tolerance group to my customer,so that the due date is extended to 3 days from the due date.
i have a payment term which gives 5% cash discount when paid within 15 days and item due in 15 days.
i have a customer invoice whose baseline date is 18.08.2010. The item should be due only on 18.08.2010 + 15 + 3 = 05.09.2010, with the cash discount.
05.09.2010 is a sunday.
my query is, my customer decides to pay the item on next business day,06.09.2010,monday and looses his cash discount. which should not have happend.
how can we solve this issue.ie, the due date calculation by adding grace period should exclude weekends and public holidays.
what i have tried is, maintaining entry in obba for my house bank which calculates the value date.
but it didn't prove succesufull. i am using f-28 to manually clear the customer invoice created using f-22.
someone sleep over this and help me
thanks and regards,
ficoguy.

Hi,
Try function module HOLIDAY_GET, snippet of code:
CALL FUNCTION 'HOLIDAY_GET'
       EXPORTING
            holiday_calendar           = 'ZA' - (Country e.g. South Africa)
            factory_calendar           = 'ZA' - (Country e.g. South Africa)
            date_from                      = HOLIDAY_DATE_FROM
            date_to                           = HOLIDAY_DATE_TO
       IMPORTING
            returncode                      = return_code
       TABLES
            holidays                          = holiday_tab
       EXCEPTIONS
            factory_calendar_not_found = 1
            holiday_calendar_not_found = 2
            date_has_invalid_format    = 3
            date_inconsistency         = 4
            OTHERS                     = 5.
Regards,
Vuyo

Grace period

Hi All,
is this statement true in SAP B1:
Grace periods to be added to the AR aging calculation is supported
Thanks,
Edu

Hi John,
For your reference, there is a function 'Tolerance Days' within Business One which acts as a 'grace period':
You can define tolerance days in payment terms you are going to link
to customers with whom you have special payment agreements. This can allow all invoices sent to that customer to have this special period
of grace. This could be for a number of reasons eg your good relations
with the customer. The number of Tolerance Days is subtracted from the Date calculated according to the field 'start From'. The Months and Days defined in the payment terms are then added to this date.
Eg
Issue an A/R invoice with posting date 10.05.03
In payment terms linked to the invoice the due date is based on the
posting date, the calculation begins on the month start, 10 Tolerance
days are defined +1 month +20 days.
Invoice due date calculated as follows:
Start From Month Start > 01.06.03
10 Tolerance days > 22.05.03
+1 month > 22.06.03
+20 days > 12.07.03
note:
In case Payment Dates are defined in BP master Data, the due date of the invoice will be determined by these payment dates rather than by the
payment terms definition above.
Regards,
Candice Ren
SAP Business One Forums Team

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/cheque post date issue

Hi guys.
On PO and MIRO terms of payment PD15 is being used. How can I make the cheque date post dated.
Baseline date March 18
Due date April 2
On F-58.
I want the cheque date to be April 2 without opening the next period.
Is it possible at all?
Can someone help me please.
Thanks.

Hi,
I think it is not possible to give future date as posting data unless period is open.
We can do the same by opening two posting periods simultaneously by doing authorization objects in OB52. This object will be tagged to a particular role with specific users and deactivating for all other roles.
Other alternative: We can create a post dated cheque through a manual check by changing the date in the manual check.
Thanks,
Padmaja

Terms of payment - OBB8

Hi Experts,
My issues is creating terms of payment for vendor
1. 1% cash discount if paid within 60 days
2. no cash discount if paid within 61 to 65 days and bill should not show as overdue till 65 days
3. no cash disocount if paid after 65 days and bill should show as overdue
I have set the condition as below :
1st 1% 60 days
2nd 65 days
while executing FBL1N , due days / overdue days are shown correctly, but while making payment if it falls between 61 to 65 days discount is calculated @ 1%. There is no tolerance limit configured in vendor master for grace days.
How to set terms of payment for the above condition.
Immediate help in this regard will be highly appreciated
Regards
Narayanan

Hi Ravi
In SD and MM you can do it with BADI or enhancements. Please, see these notes:
Note 1156325 - BAdIs in the Logistics Invoice Verification environment
Note 301077 - User exits for the interface to accounting
For invoices in FI (FB60/FB70 and so on), maybe with the BTE 00001610
I hope this helps you
Regards
Eduardo

Is there a grace period for apple email address?

Hey guys I was wondering if there was a grace period for apple email address yourname@'insert apple domain name'.com once you deactivate or delete it before it can be used again?
for example with phone numbers for certain companies it takes 2yrs once the number is disconnected for it to be available to be used again.
Which leads into why i'm asking this, as the reason for this is I had an apple ID/email address that i used when working for an apple reseller a few years ago and when i left i was asked to delete it. which i did but i would like to use the yourname part of it again with @icloud.com but its saying the email address is already in use.
Now i know what you might say that someone else could be using in but thats is very unlikely as i have a very unique name plus i also know that apple in their infinite wisdom kept all address ending in @me.com and @apple.com active in the icloud change over to allow association between @me.com accounts and @icloud.com accounts and i believe the later is the cause of my fustration.
If there is no grace period is there anyway to prove that i was [email protected] and delete that record so that i can setup [email protected] as the apple ID in question are different?

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Change term of payments in Documents

Hi
Can the terms of payment be changed to the documents which are already posted.
Say i posted documents with 30 days grace, now i changed the terms of payment to 20 days. But the changes did not effect documents already posted. Is there any why by which i can change those documents to 20 days grace
Regards
KM Naidu

no i dont think u can change the paymentterms in posted document
if u have posted GR and iv is not done then u can change payment terms in IV
but not in posted IV
reward if usefull

Terms of payment specifying payment by installment not possible here

Hi Expert,
I create new payment term in T-code OBB8 and OBB9.
When I create PO I found Error Message no. 06754 (terms of payment specifying payment by installment not possible here).
How to solve it ?
Thank,

I think you have checked the Indicator: Term for installment payment in the payment term.(OBB8)
That's the reason you are getting this error message.
Use
Terms for installment payment are used as an entry tool when entering
    documents in Financial Accounting. Instead of entering several line
    items, you only enter the data for one item. The breakdown is carried out
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Procedure
Set this indicator if several items with different due dates are to be
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Dependencies
For all payment terms that stand for an installment payment, the
percentage specifications must be defined for the breakdown of the total
amount. In addition, you must specify which payment terms are to be valid
for the resulting partial amount for each percentage rate.
The terms of payment key can determine the following:
The valid cash discount rate for an individual payment with a maximum of 3 payment terms (first cash discount period, second cash discount period and due date for net payment) and also a baseline date for the payment, or
The terms of payment for installment payments.
If you have maintained a key for the terms of payment in the vendor master record, the system automatically defaults this key whenever you enter an item for this vendor.
The following description applies to individual payments. For more information on the terms of payment for installment payments, see Terms of Payment for Installment Payments (Accounts Payable)

Is there a grace period?

My first bill was nearly $420 bucks! Is there a grace period at all to pay in payments???

If you can't pay your bill, you need to contact Verizon's financial services right away to discuss your options. Financial Services may be able to work out a payment plan with you. There is no automatic grace period, your bill is due on the date on the statement in full unless you make other arrangments with Verizon.

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 ?
Thanks

Hello,
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.
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

Grace period in Terms of payment

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