Installment Payment (OBB9)

When I am trying to setup configuration for Installment payment (OBB9), it is trowing message
"For term of pmnt GE, holdback/retainage no. 01 is missing" and not getting save.
Could any one explain elaborately to rectify this error.
regards,
Krishna

Hi,
Please check in OBB8 for payment term GE, whether you have ticked instalment payment in payment terms.
Regards,
Sadashivan

Similar Messages

A/R Installment Payments with Sales Taxes and Freight in 1st payment

Our sales dept. wants to offer our customers Installment Payment plans (6, 12, 24 mths) for product sales which is easy enough to set up using Payment Terms and the Installment Payment flag.
But our Accounting Dept wants to collect the Sales Taxes and Freight "up front" in the first payment.
We do not want to use Milestone billing since Accounting wants to recognize the revenue of the sale during the month of the sale ... so a single Invoice to the customer with the Payment Plan printed on the invoice is the option they want done.
I have not been able to find any way to set up the Installment Plan configuration to do such a thing. The Terms of Payment refer to the total Invoice amount.
Has anyone here be able to accomplish such configuration (without doing custom coding in a User Exit)?
Example: $60,000 item, %5,000 tax, $100 frieght = $65,100 total invoice. (6 month payment plan)
   Payment #1 = $15,100
   Payment #2 = $10,000
   Payment #3 = $10,000
   Payment #4 = $10,000
   Payment #5 = $10,000
   Payment #6 = $10,000

I have already set up the installment plan in OBB9 with 6 entries (1 - 6) for my IP Payment Term of IPM1. I have the percentages setup as 16.67 for each of the installments and the last set at 16.65 (equaling 100%).
The problem with Sales Tax and Freight is that you can not simply assign an arbitrary percentage to the 1st installment (for example make the 1st installment 25% and break up the remaining 5 installments fromt he other 75%).
We need to make sure that the first Installment from the customer is for the Sales Tax, the Freight, and exactly 1/6 of the material cost (if it is a 6 month payment plan).
I have activated User Exit EXIT_SAPLV60B_007 to intercept table generation of the installment plan that is sent to Accounting to fix this problem. Now the Accounting document connected with the customer invoice is correct. My next step is to fix the SmartForm print of the Installment Plan on the customer's Invoice.

Instalment payment terms and Due date

Hello
Can i have some comments on how the due date will be calculated in case of instalment payment terms.what is the configuration needed.Can we get the discount for each instalment if we pay in advance i.e before the due date.
with regds
RAJA

Installment payment terms is basically one payment term linked to other paymnet term(s).
If you split it to 3 lines, each of the 3 lines will get the payment term assigned for that line.
E.g. you will configure as follows: (obb9)
Inst Pmt Term Inst     %       Payment term
0001                  1     20              AAAA
0001                  2     30              BBBB
0001                  3     50              CCCC
If you post an invoice (of say 1000) with the pmt term 1, it will split to 3 lines
Line         Amt            Pmt term
1             200                AAAA
2             300                BBBB
3             500                CCCC
All the terms created for AAAA BBBB CCCC will apply to these lines.
Praveen.

Instalment payment terms creation

Dear SAP Gurus,
I want to create Payment terms for Customer, with the following options:
Can any one help me how to create the Payment Terms (Installment Payment Terms) for the following:
S.No     Description                                             %     Due
1)     Advance                                           10%     Immediately
2)     Receipt of Bill of lading                      30%     90 days
3)     Receipt of safe receipt certificate      40%     90 days
4)     PTOC                                           10%     18 months from start of project
5)     FAC                                           10%     24 months after PTOC
Note: project business and in projects we receive advance once in lifetime of a project and after that with every invoice raised,in project there has to be created an advance line item, which is adjusted from time to time against the advance taken at the time of project start.
Please provide the same scenario with screen shots.....
Thanks & Regards
Yugandhar.

HI,
    We can crete instalment paymnet terms in OBB8. first you have to divide the payments in parts and the give link in OBB9,
please do for example if customer needs instalment payment terms 30% 20% 50% first we have create paymnet term in OBB8 THREE PAYMENT TERMS IN OBB8 AND NEXT WE HAVE TO GIVE LINK IN OBB9
Edited by: Gadupudi naresh on Apr 13, 2011 5:20 PM

Installment Payment Terms and SKTO link

Hello Experts,
I have defined a installment payment term in OBB8 and OBB9. When I use this new term on a sales order the cash discount (SKTO) is getting calculated as Zero for a customer. If I change the payment terms value on the sales order to something else the SKTO value is greater than Zero.
Where is the link between SKTO and payment terms? My SD consultant is off and I need to do this for an emergency business requirement. I appreciate your inputs on this.
Thanks in advance.

Thanks for quick reply Siva Ram. When I created a sales order and all the way to billing document, I don't see any discounts on the FI billing document. It divided the invoice amount into 3 installments. Say $300 invoice amount into 3 installements each with $100. If I create a sales order with a different payment terms say 1% Net 30 then I see SKTO has 1% cash discount on the sales order and the discount amount is posting to discount accural account on the FI billing document. For installment payment terms can we expect the same like 1% Net 30 discounts on SKTO? Is there any setting we have to do on the SKTO config?
Thanks for your time.

Accounts Recievable - Installment Payment Terms

Hello Experts,
This question is regarding installment payment terms.
Let's talk about a scenario with installment term with 3 installments...
Standard SAP generates 1 invoice with 3 line items
The question and the requirement is that we need to generate 3 invoices instead of 3 line items
does standard SAP support this; If yes, How?
If No, I am open for any other suggestions on how can this be fulfilled.
Thank you in advance.
Raj Apuri
Edited by: Raj Apuri on Aug 20, 2009 5:32 PM

Hi ,
For that you can go through this below.
Go to the transaction code OBB9 and create 3 installments payments.
Now system will take 3 installment payment with same invoice.
no need to go for 3 invoices.
Regards
Surya

INSTALLMENT PAYMENT FROM CUSTOMERS

hi,
can any body help me in the following scnario.
1)the customer has to pay 25%(as down payment) of total invoice amount with in 15 days from the date of purchase order
2) 15% of amount with in 30 days(1st insatallment)
3)30% of amount with in 45 days(2 nd installment)
4)30% of amount at the time of unloading(Final installment)
the cleient is NOT ALLOWING ANY DISCOUNTS for customers
we are trying to configure this scenario using TCs OBB8 and OBB9 .
CAN ANY BODY GIVE THE CONFIGURATION STEPS FOR THIS TYPE OF PAYMENT
THANKS IN ADVANCE

You will need to first create a payment term in OBB8 and select the option "Instalment Payment". After creating the terms, you will go to OBB9 and configure the terms. In OBB9, you can specify the different percentages and for each of the percentage, you can define a seperate payment term again.
For example, you can say that 10% is due immediately, 20% is due in 15 days etc. Once you define the terms for the instalments, then you will assign the term you created in OBB8 to the customer master.
When you create the invoice for that customer, you can see that the customer line item is broken down into the number of instalments you have defined and the Net Due date will be calculated based on the terms you have specified in OBB9 for that particular instalment.
Hope this works for you.
Thanks,
Madhav Nanduri

Installment payment

I have done settings for installment payment in OBB9.
Created Main payment term MS01, checked 'installment' indicator.
Also created 2 payments terms and assigned to main payment term in OBB9.
Now created PO and while doing invoicing thru MIRO its giving error -
'No terms of installment payments are allowed when posting net' . Origin -check invoice document'
Can anyone please explain why this is coming? What is meant by posting net?
Thanks,

Hi,
I am not sure Invoicing Plan would be helpful. Since we do have installment payment term without having Invoicing Plan.
Please see the definition of Invoicing Plan below:
"Purchasing (MM-PUR)
A listing of dates on which invoices for purchase order items covering materials or services are to be entered and subsequently paid.
The invoicing plan facilitates the largely automatic creation and payment of invoices both for recurring procurement transactions such as rental or leasing payments and transactions involving settlement in stages (such as payment for the phases of a building project as they are completed)."
Can you tell me the error message number you are getting?
Regards,
Sanjay

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(%).
My requirement is in case I have 3 installment payment terms(Say SD01, SD02 & SD03) wrt one master payment term(Say SD04), During invoice posting the amount should be fixed for first two payment terms(SD01 & SD02) & differential amount should be posted wrt Third Payment term(SD03). Can I do this through some standard Configuration / Enhancement / Exit.
If not possible is there any other way through which I can generate multiple FI docs for single invoice based on fixed values for customer balances.
Thanks & Regards.
Amit

Hi Amit
I believe your requirement can be solved by using Billing Plan Types.
Regards
Praveen...

Seperate GL account for rentention amount using Instalment payment?

We have an interesting issue, our client is having a requirement regarding installment payment. Please find below the scenario. We hope to get some ideas in this regard.
We are using payment term with settings for installment payment.
Example: Payment term Y001 Installment payment, Y002 Installment payment 90% and Y003 Installment payment 10%.
Invoice Amount : 1000
90 % outstanding for immediate payment : 900 (to be accounted in Vendor reconciliation account)
10% retention till tax certificate produced : 100 (to be accounted under separate retention GL account)
While posting invoice through MIRO & FB60, our client wants to split the amount in to two parts 90% outstanding to the Vendors and retain 10% of the invoice value till the tax returns certificate is produced. Presently Amount splitting is made to take care of this using a payment block in payment term Y003. This helps in retaining 10% of the amount till the tax paid certificate is produced.
Postings are happening with the split amount, to the reconciliation account maintained for the Vendors. This is presently showing the total payables towards vendors. But for statutory reporting purpose, we now need to maintain a separate GL account for the retention amount. This is again required to be a Vendor reconciliation account for control over outstanding amounts with respect to respective vendors.
We are exploring different alternatives to get this done. Please advice if you have come across any such scenario.
Thanks in Advance.
Regards,
Viswanath

I understand when you use your Installment payment term, system must be posting two lines for vendor i guess must be like;
Expense                      Dr.   1000
     Vendor                                     Cr. 900
     Vendor                                     Cr. 100
Ok eventually both 900 and 100 goes to the same GL (Reconciliation)Account but your client wants that the 100 should goes to other GL accounts.
One of our collegue in this forun has answered you to use Special Gl Indicator, the solution upto some extent ok but i guess you will loose the automation of amount splitting which 900 and 100.
So i would advice you the following;
Create one Retention Reconciliation Account
Configure Alternative/Reconcilation Account in the IMG ( This config allows you to change reconciliation account while posting invoice )
So at time when you simulate your accounting entry double click on 100 line and manually enter the retention GL Account. I guess the solution is manual and painfull but if special gl indicator can be used with automation then you must go with that
regards,
FICO

Function Module - Customer Installment Payment Due

Hello,
I am trying to create a payment due report for our customers. We use installment payment terms for our customers. Therefore, when run at the end of September 2011 this report has to only show the invoice amount, tax and discount that is due as of that date. Is there a function module that I can use to get the split based on these installment terms?
The only other option is to do the calculation manually within the program i.e. read the installment percentage from the table T052S and calculate the values per invoice. However, it seems as if there would be a easier way to do this. Can someone please suggest any function modules that can be used to calculate the net due, discount and tax amounts per installment period?
Thanks,
Rugmani

Dear Rugmani,
Provide you url which is helpful to you....i think you must have to create a z-report for this purpose.
http://help.sap.com/printdocu/core/Print46c/en/data/pdf/TRZP/TRZP.pdf
regards
Ajit

Installment payments for vendor who is also custmer

friends,
can we process installment payments to vendor who is also custmer, scenario is we want to pay the vendor with installments by deducting his outstanding amount which is due as a custmer. if possible, how to deal this.
regards,

hi,
If you are concerned about the MM documents, then its not possible to make such document...You have to prepare the proper MM documents with its req. cycle..ie. if from MM side you have to pay 500$ and from SD side take 200$, then for MM you have to make the IR for 500$ and for SD side for credit doc as 300$...
When you post these documents, the FI dept takes care of payment...
So, if allowed as per the FI dept. then you can post the difference...
Regards
Priyanka.P

Installment Payments in PO

Hi experts,
I've tried using a "Installment payment" pay term in a purchase order and I get the warning message "06754 - terms of payment specifying payment by installment not possible here". Nevertheless I've been able to create the PO and to enter the invoice without any problem (I've checked in FBL1N the open items).
Everything seems right.
Is there any reason why I shouldn't use this kind of pay terms in purchase orders?
thanks

According to SAP Note 497381 , installment terms may not be used in MM. If the terms are flagged as installment , then you will receive message 06754. This is only configurable as a warning ("W") or an error ("E").

Payment terms- installment payments

hello,
how can i exaclty use installment payment in payments terms, it gives me the below msg.
Breakdown into installment payments not possible for item 001
I am trying test retainge for an invoice , so it should brekup the line item depending on the criteria of the installment.
please let me know,

Hello
In case of Instalment payment terms plse follow the procedure mentioned below.
1.Define the payment term by activiting the instalemnt indicator without specifing any discounts rates etc.
2.Then go to the Instalment step and fill the columns in the first column as your payment term define above based on your no of instalments
for example u have 4 instalments give the payment term defined above four times and
in the second column your instlment number like 1st, 2nd,3rd,4th etc.
in the third column percentage in that instment let say 40%,20%,20%,20%.
In the fourth column you assign the normal payment term.
Plse note that you can assign separate payment term for each instalment and can get discount accordingly by specifyng the discount rates.
try this it work.if not plse let me know.Assign points if it is useful.
with regds
RAJA

Installment payment term in MIRO

Hi Guys,
Please help me to solve the problem
I have define a installment payment terms.
This payment I mantain in vendor master data both in accounting & Po view.
While creating PO it automatic capture from the vendor master.
Same is also capture in invoice intering.
But while invoice Posting it show the error " No additional apportionment possible for installment payment conditions".
My question is where we apportion the quantity.
Prompt answer should be highly appricible.

Hi,
after creating Payment term (Instalment) there is anthore transaction in which you have specify the % of instalment amount and refrence payment term
Hope this will help you
and please reward the points
Regards,
MS

Installment Payment (OBB9)

Similar Messages

Maybe you are looking for