Maintaining payment terms for Installment payments

Hi;
Kindly let me know how to create payement term record for more than 4 installments.
As in STD. 3 installments we can maintain.
But how more than 4??????
Thanks in advance;
avinash

Hi Avinash,
you can use T. code OBB8 & OBB9 to create payment terms for installment planning.
1. Create Payment terms in OBB8 and Assign the payment terms created in OBB9.
2. I don't think there is any restriction on number payment terms you can create and assign. You can create and assign as many to meet your requirement.
Hope this helps you....

Similar Messages

  • Payment Term for advance payment

    Hi
    Can we configure a payment term for advance payment thro OBB8. it says that customer needs to pay us in advance.
    If yes, how do we configure this.

    the accounting document is created after a delivery for a customer invoice via billing.
    i believe there is an option in SD where you have an extra tab for payment. Once the payment has been received, i.e. entered into the sales order, the delivery can be made.
    This should work for your process, however best to speak to a SD consultant to get the full picture.
    Hope this helps, assign points and mark thread as answered if it does!!!

  • Payment terms for advance payment scenario

    Dear All
    payment terms have to create like we have to pay as 50% advance against order & balance 50% against on proforma invoice.
    Can any one tell me is it possible to define payment terms like this or only option is downpayment configuration.
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    Lakshmi

    Hello,
    In SD there can be 2 ways by which you can handle this.
    A. Billing Plan
    Maintain 2 milestones at the sales order.
    1. one milestone with Terms of payment Z002-50% advance against order
    2. other milestone with another terms of payment Z003- 50% against on proforma invoice
    B. relevant terms of payment
    In OBB8 maintain 3 payment terms, say
    - Z001 50% advance against order & balance 50% against on proforma invoice (in payment terms section - tick Installment payment).
    - Z002-50% advance against order
    - Z003- 50% against on proforma invoice
    Then in OBB9,
    Z001___1___50.000___Z002
    Z001___2___50.000___Z003
    With this when you post billing doc you accounts, then you will find 2 line items(50 % Value each) in Customer account.
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    JP

  • Payment Terms for more than 3 payment terms in OBB8

    Hi Gurus,
    Please advise as to how to create for more than 3 instances, say 4 or 5.  Because standard SAP provides only for 3.  Let me brief you as below :
    -  I created the 5 payment Terms in OBB8. 5001 (clicking as instalment) ; 5002 for 5% - 30 days ; 5003 for 4% for 60 days ; 5004 for 3% for 90 days and 5005 for Net 180 days.
    -  I assigned these 5002 to 5005 to 5001 with say 25% instalment each in OBB9.
    -  Now I assigned this 5001 payment term in the Vendor Master.
    -  Posted new FB60 invoices with say 01st Oct 09 as Document Date with say Rs. 25000/-
    -  Now, I have to make the payment to the Vendor on say 15th November 2009.
    -  So ideally I am eligible for 4% discount on Rs. 25000/- since I am paying after 30 days and before 60 days.
    -  I am posting through F-53 with 15.11.2009 as the document data, and now the system is not calculating discount for the first instalment of 25% instalment and for the next 25% the discount is calculated @ 4% on 25% only.
    -  Now my requirement is to calculate 4% discount in Rs. 25000/-.
    Can any one suggest the required approach.
    Vikas

    Hi,
    Unfortunatelly payment terms in OBB8 is working as designed and the functionality cannot be enhanced. In the standard system you cannot add additional levels in the transaction OBB8.
    Instead you can check the option of using Terms of Payment for Installment Payments (transaction OBB9). Terms of payment for installment payments are made up of individual terms of payment. An individual payment term can be assigned to each installment. When you post an installment payment, the total amount is split up into individual items for each installment and each installment
    is calculated with the relevant payment term. For more information on maintaining terms of payment, refer to the Implementation Guide for Accounts Receivable and Accounts Payable.
    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
    -The terms of payment for installment payments.
    You define the following for the terms of payment key for installment payments:
    - Sequential number of the installment
    - Percentage rate for the installment
    - New terms of payment key for the installment item
    The percentage rates you specify must total 100%.
    Example
    Suppose you can create payment term NT30 (30 days net), NT60 (60 days net), NT90 (90 days net).
    Installment terms of payment
    RT01   1   30%   NT30
    RT01   2   30%   NT60
    RT01   3   40%   NT90
    I hope this helps.
    Regards
    Ravinagh Boni

  • How can we maintain multiple payment terms for a customer

    how can we maintain multiple payment terms for a customer?

    Hi,
    You can leave the Payment terms field in the sales area data tab blank. and you can enter the payment terms at line item level while creating the sales order. By that you will achieve multiple payment terms for the same customer in the same sales order. but the invoice will be split by standard SAP based on the payment terms.
    Also difference between the "Payment Terms" field in Company code tab and the sales Area tab is.
    Company code tab payment terms are used only for the documents that are posted directly in FI module. for example credit and debit memos posted directly in FI and as a leading practice this should always be "payable Immidiately"
    Sales area Tab payment terms are the one which are copied on to the sales order header data which are valid for all the line items unless you specifically mention different payment terms at line item level.
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    Shantanu

  • Payment term for Customer

    Hi
    Single Invoice has been raised with staggerred payment terms. For Ex: Invoice value is 100 Customer will be making payment in three equal instalments. (100/3)
    Currently in system we have configured single payment term. when we run the ageing report total value appear under one ageing buket.
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    Regards
    Kumar

    Hi,
    Through Installment Payment term you can do this,
    For eg. In 5 Installment if you want to made for payment.
    1, Create the 5 Payment Terms u2013 OBB8
    Z001 - Customer / Vendor / Fixed Day (15th of Every Month) / Addition Month u2013 1 / Document Date / No Discount % and Due date details
    Z002 - Customer / Vendor / Fixed Day (15th of Every Month) / Addition Month u2013 2 / Document Date / No Discount % and Due date details
    Z003 - Customer / Vendor / Fixed Day (15th of Every Month) / Addition Month u2013 3 / Document Date / No Discount % and Due date details
    Z004 - Customer / Vendor / Fixed Day (15th of Every Month) / Addition Month u2013 4 / Document Date / No Discount % and Due date details
    Z005 - Customer / Vendor / Fixed Day (15th of Every Month) / Addition Month u2013 5 / Document Date / No Discount % and Due date details
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    ZINS- Customer / Vendor / Document Date / Installment Payment
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    ZINS          1     20          Z001
    ZINS          2     20          Z002
    ZINS          3     20          Z003
    ZINS          4     20          Z004
    ZINS          5     20          Z005
    4, Maintain the Payment Term ZINS in Customer Master - FD02
    5, Now you can do the Invoice (F-22 / FB70)
    6, Check the Open Item with the Due Dates u2013 FBL5N
    Regards,
    Sridhar Sha

  • Changing Payment terms for customer Sales Order

    Hi,
    I have a requirement like scenario below :
    1. Customer sales orders are billed with X payment terms (Not installment).
    2. Subsequently, Customers agree for installment terms.
    3. A need arises to change ONLY the payment terms on the  existing billing document (without cancelling existing billing document)
    4. Is this achievable ? Via VF02 or FB02 ? Or any other means ?
    Thanks in advance.
    Bala

    You cannot change the terms through the VF02; however, you can change under FB02.  Go into the accounting document you would like to change, double click on the customer account posting and you should see the payment terms highlighted for you to change.
    If you do not see it changeable, it is due to security.
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    Hi Pundits,
    Our client has a requirement to assign different payment terms for different products. Each product he buys from his vendor has it's own payment terms. He wants us to customize in such a way that when he/user enters the invoice, not only the vendor number is shown along with the product name but also the payment terms for that particular product are calculated.
    I know that only one payment term can be assigned in the vendor master data. Is there anyway to get around this?
    Creating the same vendor multiple times and assign payment terms looks a possible option but that looks quite hectic cause he has close to 1000 payment terms.

    Taurian, thank you for that suggestion!
    I can maintain as many existing payment terms as the client has with his vendors and let him choose the payment terms at the time of invoice entry.
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    Hi,
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    Hi,
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    Vinod

    HI,
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  • How can we block, a particular payment term for a particular vendor.

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    Hi Chandra,
    If you want to block payment term for "particular vendor" then you need to define a validation rule.
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    Dear Suri
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    G. Lakshmipathi

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    What is wrong with the format in the attached screen shot ?
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  • Unable to change payment terms for BP

    Forum,
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    Juan

    Noticed afterwards that there is a Price List option within the payment terms screen. This is what's causing them to change.

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