In BP master, payment terms

Hi Experts,
In BP master, payment terms have credit limit and commitment limit, I want to know how it works. Anyone guide me.
Thanks and regards,
Manikandan

Hi Mani
The credit limit is effectively the maximum amount of money that you are prepared to loan to the customer. If you set a credit limit of £100K then a warning message appears if you try to raise a delivery if the total outstanding exceeds £100K.
If you want to control the total value of outstanding sales orders you set a commitment limit. If you are only prepared to allow a customer to have £100K in open sales orders you set the limit to £100K If you try to enter any new sales orders that take the value to over 100K then you get a message when you enter the sales order.
Both of these warnings are enabled in General Settings - BP.
Every new customer is vetted through a credit rating service and we set credit limits accordingly. Customers suddenly placing large orders may be checked so we can try and avoid the customers that don't pay on time.
Hope this helps.
Regards
Stewart Clark

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HI Vinay,
Your question isn't clear. You want to define Payment terms and Reconciliation account for Vendor Master record ?
If this is correct then go through the below path for payment terms & Reconciliation Account.
MAINTAIN TERMS OF PAYMENT:
SPRO > REF IMG > Financial Accounting > Accounts Receivable and Accounts Payable > Business Transactions > Incoming invoices/Credit memos > Maintain terms of payment (or) OBB8
RECONCILIATION ACCOUNT
Accounting > Financial Accounting > General Ledger > Master Records > Individual processing > Centrally (or) FS00
Enter G/L Account No. XXXXXX
Company Code AAAA and select CREATE button.
Under Type/Description tab
Account Group LIABILITIES
Balance sheet
Short text A/P (or) SUNDRY CREDITORS A/C
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Account currency INR
Reconciliation account for A/C type Vendors
Under Create/bank/interest tab
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Miro payment terms on the based on the vendor master payment terms

i need to caluculate the MIRO payment terms based on the vendor master payment terns lfb1-zterm
what are the configuration settings needed.
would u please tell me the solution
with regards,
Srinivas

Hi,
If you have maintained the payment term in the Purchase Order, it will overwrite the payment term which is maintained in the Vendor Master. If no payment term is maintained in the PO, then the payment term which is maintained in the Vendor Master will be considered.
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Payment term in customer master

Gurus,
XD02 - Change Customer Master
Payment term is maintained in
=> Company code data -> Payment Transactions -> Payment Data-> Payment term
=> Sales Area Data -> Billing Documents-> Delivery ad payment terms-> Terms of payment
In sales order, system propose payment term from Sales area data.
Please explain importance of these field.
Regards,
Ashish
Edited by: Ashish Desai on May 4, 2009 2:57 AM

Hi
In addition to all the suggestions given by all friends
If the invoicing is done thro SD route that is VF01 then the terms of payment maintained in sales area data will get preference
If the invoicing is done thro FI route that is FB70 then the terms of payment maintained in company code data will get preference
If the credit management is active then the terms of payement maintained in company code will take the control
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As said by all others terms of payement is taken from payer
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Payment Terms on PO Header is not coming automatically from vendor master

Hi Experts,
I have two plants maintained as vendors in my system. Both have payment terms maintained in the Vendor master (Purchasing as well as Payment Transaction view) but when I create POs (all with the same document type), for one of the vendors, payment terms is being populated automatically on PO header whereas for the other vendor, it does not pupulate automatically.
I am wondering if there is any other setting controlling this payment term apart from the Vendor master Payment Term.
Please guide.
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These plants are under different companty codes. We have custom document type ZNB for the PO. Do I need to check something in Purchasing Info Record or if any other thing setting controlling it.
Both the vendor masters have the payment terms maintained exactly the same. But, still I am facing the issue.
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Dear all,
While creating payment terms I have unchecked the customer however it is showing in customer master payment terms also how to restrict?
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Hi,
In OME2 or OBB8 , In the Payment Terms Detailed Screen, activate the relevant Account Type "Customer" or "Vendor" as per the this activation, it will appear in the MM and SD Master Data as well as Transactions.
Means if Vendor is activate then that payment term will appear only ion vendor master and PO. And if Customer is activated then it will appear in Customer Master and Sales order.
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Installment Payment Terms value break up

Hello All,
As per Satndard configuration for installment payment terms, we can do the total value breakup into installment payment terms percentage wise(%).
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Hi Amit
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Praveen...

Payment term in the sales order & credit limit exceed.

Dear Guru,
Problem 1:
1. In the sales order, there are 3 lines items. As per there requirement each line item they want enter diffrent payment term.
for example
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1.      Fixed                                                               z045
2.     Variable                                                           z030
3.    Pipes                                                                 z015
how you can archive this goal. In customer master payment term is maintained only one. Please suggest me.
Problem 2:
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how we can archive this goal by using the standard functionality.

Hi,
1. You can achieve it through manual entries
If you have 3 line item then at item level >> Billing document maintain payment terms
2. If credit limit exceed then confirmation should not go to customer
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If it is through simple mail then go to
IMG >> SD >> Basic functions >> Output control >> Output determination using condition techniques >> maintain out put determination for sales document >> maintain out put determination procedure
Select procedure V10000 >> go to control data
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Hi,
Check on it:-
http://www.sapfans.com/forums/viewtopic.php?f=6&t=323186
consignment and payment terms
pherasath

Payment terms are overlapping in purchase order .

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Check the Po output program with the ABAP People.
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Hi Frds,
I have one requirement regarding we have 6 payment terms but last payment term p006-Others,if user is creating vendor master record if he selected payment terms p006 user has to enter the description manully based on his requirement.
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As per my knowledge, there is no provision for modifying payment terms 'text' in Vendor master-->payment terms. (No text field available for payment terms description)
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govind.

hii
as per the senerio discuss by u system is behaving properly..
as per the functionaloty
when u enter the payment terms in vender master data and than also in the PO the system picks the payment terms from PO
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Reward Points if helpful
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Sales Order - Payment Terms

Hi All:
When the Sales Order is created with reference to the quote, the payment terms should be determined and defaulted from the Customer master and not from the quote.
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And the I have also found a Enhancement: V46H0001
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2. EXIT_SAPLV46H_002
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Hi,
When the Sales Order is created with reference to the quote, the payment terms should be determined and defaulted from the Customer master and not from the quote.
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regards,
Advait

In BP master, payment terms

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