Installment plan clearing

Hello All,
I have a query regarding clearing of installment plan.
For example:
Posting Date    Due Date           Description    Amt
01.02.2011     20.02.2011         Fees             5000
01.02.2011     20.02.2011         Interest         200
01.02.2011     20.03.2011         Interest         100
01.02.2011     20.04.2011         Interest         50
These  are the items posted in a customers account
Based on these items an installment plan is created for 3 months.
My installment plan would be
Posting Date    Due Date           Description    Amt
1.02.2011     20.02.2011         Instalment       1783
1.02.2011     20.03.2011         Instalment       1783
1.02.2011     20.04.2011         Instalment       1785
How will the source item be cleared. In what hierarchy will it clear.
I need to know, that can we clear partially clear the fees amount and interest based on the due date. If so, how can we achieve it.
Regards,
Charvi

Hi,
Payment Scheme requests are just statistical items. So when a payment clears a Payment Scheme request, in background SAP creates a down payment request (can be seen in FPL9 under tab down payment requests). This down payment request in turn clears the original debt. The priority is due date of the debt items which can be overwritten by config to give priority based on document types or main/sub trans.
This answers your second question as well that while original priority is given to due date which in case will clear fees first due on 20.02.2011 but if you want interest to get cleared first, you need to do some enhancements and config to change priorities based on document types or main/sub trans.
Regards,
Ravi

Similar Messages

  • How to migrate installment plan with open items

    Hi all,
    I am trying to figure out how to migrate an installment plan, when my legacy system does not tie my open items directly to my installment plans.  And the amounts in my open items table may not add up to the exact amount of the installment plan. 
    So for a simple example, I have $10 left on an installment plan that was created 6 months ago. 
    Since the creation of the plan obviously more charges and payments have been posted to this account, clearing previously open items and creating new ones.
    Presently, I have only 2 open items remaining, one for $6 and one for $7.
    So I have "enough" open items ($13 worth) to post the $10 installment plan, but not an exact match.
    The way I read the migration documentation on this, I thought I could use a OPUPZ field (Subitem for a Partial Clearing in Document) to signify that I want to partially clear that $7 charge.  Apparently I misinterpreted that.
    So my question is, is there a way to migrate this installment plan with this set of open items?
    Or is my only option to alter the payment plan to the open items, and say that there is $13 remaining on the plan?
    Thanks.

    C N,
    The principal Idea is to migrate either
    - the original amounts, the installment plan and last the latest payments (you migrate payment history)
    - or to migrate the still open amount as one or more open items and subsequently an installment based on that amount.
    Kind regards,
    Fritz

  • Transferring Open Items, Instalment Plans and Dunning Level

    Hi all,
    We are implementing SAP IS-U for a water suplly company and we have a process in which an Installation is transferred from a Business Partner to another. For this we are using the Move-in / Move-Out functionality (trx EC60).
    So far, so good. The problem is that we also should transfer also the Open Items, Instalment Plans and Dunning level to the new Business Partner and new Contract Account.
    The questions is: can we transfer these automatically?
    We thought in different scenarios in case this is not possible, so I would appreciate if you can give us an opinion:
    1 - Use FP40 transaction and transfer FICA elements manually
    2  - Create a FOP process to perform step by step the process from CIC0. The only problem I have found is that there is not any object that allows me to transfer the open items. Does it exist? If not, this option is not valid
    3 - Use the "Change CUstomer" Functionality. Did you have any experience using this funcionalidty? The main issue I have with this is that the system generates a dummy invoice, the Move in Date is in the future, and the Account must be closed.
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    Hi Lucas,
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  • Installment Plan-- Payment Run

    Hi Friends,
    by executing the Payment run for an Installment plan, comes the following error message.
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    In clearing type 20R-Distribute Payment to Installment Plan-Usage 3 was used with check box for Incoming Payments was set.
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    Hi Lakshmi,
    You need to check your customizing here:
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    >Basic Functions
    > Open Item Management
    >Clearing Control
    >Clearing Variants
      >Define Clearing Variants
       20S Collective Bill
    >Define Clearing Types
      R 20S Distribute payment to collective bill
      "You cannot change the clearing types delivered by SAP."
    >Define Specifications for Clearing Types
      >Define Defaults for Collective Invoice/Installment Plan/Summarization
       20S Distribute payment to collective bill 20S
       "Special Features
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        Otherwise, processing will be terminated. ..."
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  • Installment Plan Migration failing (Emigall)

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    One more thing I can't figure out, is how to load an installment plan where there is not an EXACT match of open items to the installment plan amount, so I need to partially clear one open item.
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  • EMIGALL - Installment Plan Error

    Hi ALL,
    While doing Installment Plan data migration system is giving the following error's and it is creating installment plan documents but the open item status is not getting  cleared.
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    Message no. >3683
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    An error occurred when creating or changing an installment plan. As a result, the installment plan is inconsistent and cannot be posted.
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    Error 2:
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    Message no. EM110
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    An error occurred during the processing of the data transferred for legacy system key IP_XXXXXXXX. The error was detected in function module ISU_M_INSTPLAN_CREATE.
    System Response
    Processing of the data record is canceled. The error file is updated.
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    could any one help me where i am wrong?
    Thanks In advance ............KK

    KK,
    Something is wrong with the transferred data, but only with an in-depth analysis of the transferred data as well as of the data environment it might be possible to identify what is preventing the instalment plan to be created.
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    Fritz
    PS: the 2nd error message (EM110) always completes the list of errors of one erronous data object and contains the legacy system key for a link of the error messages to the data in the import file.

  • ISU-Installment Plan item in Invoice

    Hi,
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    The business requirement is to add the installment plan items into this, i.e. 1) Current month amount, 2) Outstanding, 3) Installment plan item and Net Amount Due (Total of 1,2& 3)
    The dates of installment plan (say 3rd Aug) and Invoice due date (Say 30th Aug) will always be varied.
    Is there any way to add the installment plan item into the Net Amount Due
    Additional info:
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    -The customer can pay only the Invoice Net amount due (no option to edit this amount when he pays) which is driving this requirement.
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    Hello,
    Installment plans are treated as short plans where in which the overdue outstanding amount is divided into 'N of items thus reducing the burden of the customer. Say if you have £100 Inv. You have agreed to collect the amount in 2 installments. You create Inst plan for £50 each using FPR1.
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    Points!

  • Installment Plans

    Hi All,
               Actually I am working on FICA: Installment plans. There are 3 standard datasources for the Installment plan.
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    0FC_IPL_ORIG_01---- Installment Plan Original Items for Business Warehouse
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    To pull the data to BW we have to scheduled a run in Tcode - FPIPBW. Where it is not giving any records in Header extractor.
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    Regards
    Karthik

    Hi,
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    Refer the below link which will be of some hlep.
    http://help.sap.com/saphelp_nw70/helpdata/EN/8a/3478f0c38fcf4c8287a5d4a4777a24/frameset.htm
    Regards,
    Sandeep.

  • Error while Installment Plan creation

    Dear friends ,
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    Internal error: Incorrect use of a function module
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    Hi,
    You check the a/c determination for Inst Plan in EK01 & EK02.
    I beleive that the G/L a/c is incorrectly assigned.
    Regards,
    T

  • How to pick up installment plan in alternate bill (invoice)

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    Наглый пес! Вы должны быть благодарны мы даем Вам возможность проживать в нашем мире!
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