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!!!
Similar Messages
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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.
Thanks & Regards.
LakshmiHello,
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.
i hope this can assist you.
Thanks & Regards
JP -
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;
avinashHi 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.... -
Payment terms for Advances in Sales & Distribution
Hi friends !!
1)You may know that we have payment terms like eg: 30% advance and remaining payment after delivery.
In such scenario, while doing sales order itself the customer need to pay the advance. Then he needs acknowledgement or bill for that amount. How and where we will configure that???
2)If the advance amount recieved at sales order level do we need to issue the invoice for the full amount or for the balance amount??
Please any one help me to understand the logic !!
Thanks & Regards,
Sreedhar.
Email: [email protected]hi,
If it is real-estate based one plz follow the following procedurs:
You have to define conditions for sales-based rent in order to be able to post sales-based rent. Also, if advance payments were made for sales-based rent or a minimum sales-based rent is defined, conditions allow you to offset these against the sales-based rent to be paid.
Prerequisites
You defined the necessary condition types in Customizing and assigned them attributes for sales-based rent. In Customizing choose:
SAP Customizing Implementation Guide - Flexible Real Estate Management - Conditions and Flows - Condition Types
You set the Relevant to Sales indicator on the General Data tab page in the real estate contract.
Procedure
1. On the Conditions tab page, assign the necessary conditions to the contract. The following condition types are relevant for sales-based rent settlement:
· Advance Payment for Sales-Based Rent
One-time or recurring condition for sales-based rent; requires actual rent as condition purpose. Advance payments made by the tenant are offset against the sales-based rent resulting from the sales-based rent agreement.
· Minimum Rent
Minimum amount of sales-based rent to be paid. This is usually a condition with the condition purpose actual rent, but can also be used as a statistical condition.
· Maximum Rent
Maximum amount of sales-based rent to be paid (cap). Maximum rent is usually represented by one or more statistical conditions. The maximum amount is the sum of the conditions, limited to the given settlement period.
· Sales-Based Rent (Required for Every Sales Rule)
This condition defines how the receivable or credit memo is posted. It is not possible to assign a unit price to this condition, since the posting amount is determined by the sales-based rent settlement. The calculation formula always has to be sales-based rent (see: Customizing settings). The system generates a cash flow item for the posting that reflects the posting period and settlement period. For this reason, you do not enter a frequency for this condition. Instead, it is defined as a one-time condition.
The Sales-Based Rent condition is also used to specify which objects of the sales-based rent agreement form the basis for sales-based rent. This makes it possible to determine sales-based rent using measurements as a basis (for example, per square foot of retail space). If the condition has a distribution rule, then sales are distributed to the objects using this rule.
Note that the system uses only the last distribution formula in the settlement period. The system does not distribute proportionally within the settlement period if there is a change to the distribution formula.
2. On the Terms subtab, assign the same sales rule to all advance payment conditions for sales-based rent, to all minimum sales-based rent conditions, and to just one Sales-Based Rent condition.
You have to assign a single Sales-Based Rent condition to each sales rule.
If a contract contains more than one sales rule, you have to assign that number of Sales-Based Rent conditions in order to be able to perform settlement. You cannot use advance payments or minimum sales-based rent conditions for settlement. You can assign a sales rule to from zero to any number of advance payments and to from zero to any number of minimum sales-based rent conditions.
regards,
Siddharh. -
How to go for Advance Payments..Release Process
Hi SAP Experts,
How to go for Advance Payments..
Any Guidence will be appriciated with Points..
Thanks in Advance
Adarsh
Edited by: adarsh srivastava on Jan 25, 2008 7:57 AMHi Aadarsh,
Advance payments is nothing but Down payments. Here i am taking down payment to Vendor and later clearing against invoice.
PROCESSING DOWNPAYMENT MADE TO Vendor
ENTERING DOWNPAYMENT REQUEST:
Accounting > Financial Accounting > Accounts payable > Document Entry > Down payment > Request (or) F-47
Document date 24/07/2007 (current date) Posting date 24/07/2007 (current date)
Account ****** (LG)
Trg.sp.G/L Ind. A & press enter.
Amount 25000/- Business area 830B
Due on 27/07/2007 Text Down payment request & POST.
DISPLAY VENDOR A/C TO SEE NOTED ITEMS:
All requests are comes under NOTED ITEMS. To see this, select the T code FBL1N.
Vendor Account ****** (LG) Company code 8301
All Items
Noted items (deselect the rest of the all check boxes) & execute.
ENTERING DOWNPAYMENT MADE TO VENDOR:
Accounting > Financial Accounting > Accounts Payable > Document Entry > Down payment > Down payment (or) F-48
Document date 24/07/2007 Posting date 24/07/2007
Account ****** (LG) Special G/L ind A
Account 211002 Business area 830B
Amount 25000/-
Value date 24/07/2007 Text Down payment paid. (Dont press enter)
Select REQUEST button.
In the next screen select the check box & select CREATE DOWN PAYMENTS button and SAVE.
DISPLAY VENDOR A/C TO SEE DOWN PAYMENT MADE:
Select the T code FBL1N
Vendor Account ****** (LG)
Company code 8301
All Items
Special G/L transactions (deselect the rest of the all check boxes) & execute.
POST PURCHASE INVOICE AGAINST PAYMENT MADE:
Accounting > Financial Accounting > Accounts Payable > Document Entry > Invoice - general (or) F-43
Document Date *//*** Posting Date *//***
Company Code 8301 Currency INR
PstKy 31 Account ****** (LG) & press enter
Amount 50,000/- Business Area 830B Payt terms 830I
Text Goods purchased
PstKy 40 Account 401000 (Material Purchased) & press enter
Amount * Business Area 830B
Text + & press enter. Select menu item DOCUMENT > SIMULATE & POST.
CLEARING OF DOWNPAYMENT MADE AGAINST INVOICE:
Accounting > Financial Accounting > Accounts Payable > Document Entry > Down payment > Clearing (or) F-54
Document date 24/07/2007 Posting date 24/07/2007
Account ****** (LG)
Invoice ref. ****** (against which Vendor invoice you want to clear)
Text Clearing document
Select PROCESS DOWN PAYMENTS button. Double click in the TRASFER POSTING (or) specify the amount & SIMULATE & SAVE.
DISPLAY VENDOR A/C TO SEE OPEN ITEMS:
Select the T code FBL1N
Customer Account ****** (LG)
Company code 8301
Open items
Normal items (deselect the rest of the all check boxes) & execute.
CLEARING OPEN ITEMS MANUALLY:
Accounting > Financial Accounting > Accounts Payable > Account > Clear (or) F-44
Account ****** (LG)
Clearing date *//*** (Current Date)
Select PROCESS OPEN ITEM button. First deselect all items (by double clicking on the line items). Then double click on the first invoice line Item (Invoice 25,000) and double click on the payment (Document type KA) and SIMULATE and POST.
DISPLAY VENDOR A/C TO SEE ALL ITEMS:
Select the T code FBL1N
Customer Account ****** (LG)
Company code 8301
All items
Normal items (deselect the rest of the all check boxes) & execute.
If this is helpful. assign me points -
PO with payment terms as Advance only
Dear Freinds,
Can we create a po which talks about payment terms as below.
1) <u><b>50% advance pymnt.</b></u>
2) Bal 50% after delivery of material.
<u><b>OR</b></u>
Can we create a po which talks about payment terms as below.
1) <u><b>100% advance pymnt.</b></u>
I am trying to create a Workflow for Vendor advance payment if below conditions are met
A) verification of payment terms,
B) <u><b>payment terms should be advance only </b></u>
C) po should be in released status,
D) po should be open, not closed (where po qty=grnqty)
Thnks
VinodYou could set up those as payment terms and block payments. Then you would use Down Payments F-47 to request the down payment. Then have this paid in your check run. You'll modify config to allow down payments in the check run. Then you run clearing to offset the down payments made aginst the final invoice.
pls assign points to say thansk. -
In F-51 transaction was not posted,& due date field for advance payment VEN
1. In F-51 transaction was not posted.
In the above T-code I want to tranfer Invoice amount (RE) to special GL debit retention money payable the following error was throwing,
Balancing Field "Profit Center" in the line item 001 not filled.
2. For advance payments for vendors due date field is not appearing in document entry screen. How can I see due date field in document entry screen.
In OB41 I changed the field status for posting key 29 in payment transations I made due date field required, but it is not appearing due date field in document entry screen, while posting transaction.
Please advise on this.
RegardsHi thru f-51 u cannot post the transaction here u can enter first line item and select process open item and post it and the base line date is already entered in invoice document based on that one the advance amount is adjusted u con't enter that base line date at the time of advance payment and also the payment terms are maintained in vendor master based on that on also due date is calculated i hope it will be helpful.
-
Payment Terms: 50% advance, 50% after 30 days
Hi,
How to create a payment term for vendor?
Payment Term: 50% advance, 50% after 30 days
Regards,Hi,
For example:
Create payment term: P001 & Explanations of payment term: 50% advance & 50% after 30days
& In details of payment term P001 in u201CPayment termu201D segment, you can enter your requirement.
Regards,
Biju K -
Report for advance payment relevant purchase order
Dear Sapgurus,
Logistics people raise one purchase order and release procedure also from logistic teqm onlly after we need approval from finance head we had created one more release finance procedure how they will identify these are purchase order i have to pay advance payment is their any report can u please tell me.
Regards
UmiAmit kulkarni,
For this requirement you have to do validation of the amount field for advance payment againest PO.
i thiought this is only way to get your requirement
May be this information is useful to you
Regards
Surya -
FB10 - Default payment term for Credit memo
Hi,
I have question regarding the Payment terms in FB10- Credit memo entry (KG).
You must be aware that when we use F-43 or FB60 for posting Vendor Invoices (Document type KR), the payment terms on the screen will be "*", which means it should be picked up from the Master data. Similarly for posting Vendor Credit Memos (Doc type KG) using F-41 or FB65, the payment terms field is blank, which means 'Immediate payment'.
In case of FB10, Fast entry transaction code for both Vendor Invoice and Vendor Credit memo, the Payment terms for KR document is *. But for doc type KG (Credit memo), payment terms field is not blank. Instead, it is shown as *. Why is it? How can we make this blank for KG document postings. Please advise. Kindly revert in case you have any questions.
Regards,
VinodHI,
Please check the note 17410 for explanation.
Regards
Ravinagh Boni -
Creation of DPR for advance payment to be made to customer
Hi Experts
Can I create DPR for advance payment to be made to Customer (thru Customer Code) thru tocde F-37 or any other way ? I understand tcode f-37 is used for advance payment to be received / received from customer. Tried by changing config thru FBKP but it creates DPR for advance payment received only.
Whether this is possible ?
Regards
VimalI want to make Loan Payment / Shares Application Money Payment from Parent Company to Subsidiary Company. Treating subsidiary copmany as customer.
Actually want to know whether DPR for advance payment to customer is possible or not ?
Regards
Vimal -
hi friends...........
i want to release a contract for a vendor.that contract is value based.if i make a contract for above 2 lakhs he shoulld give 2% discount. this has to applicable for a particular vendor???
is this possible??? plz help...............................Hi
The same logic should also work for you
http://sap.ittoolbox.com/groups/technical-functional/sap-log-sd/pricing-condition-1-cash-discount-for-advanced-payment-4196341
Regards
Sanil Bhandari -
How can we block, a particular payment term for a particular vendor.
Dear Experts,
How can we block, a particular payment term for a particular vendor.
BR.
ChandraHi Chandra,
If you want to block payment term for "particular vendor" then you need to define a validation rule.
As per my understanding, the link provided by Owen will block term for all vendors.
Regards,
Ankit K. Agarwal -
Payment terms for a particular sales order
Dear Gurus,
I want to trigger a particular payment term for a particular sales document type.
i.e., when i create a sales order with this particular sales document type the desired payment term should be copied into sales order by default. Is this possible.. please suggest.
thanks
suriDear Suri
As you would be aware, by default, Payment Term will flow in sale order from customer master. However, if you want to have a different payment term to flow automatically, then you have try with any of the following user exits.
User exits in the program MV45AFZZ - USEREXIT_READ_DOCUMENT
User-Exits in program MV45AFZB - USEREXIT_CHECK_VBAK
thanks
G. Lakshmipathi -
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.
Can any one explain how to configure in system.
Regards
KumarHi,
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
2, Create Parental Payment Term u2013 ZINS u2013 OBB8
ZINS- Customer / Vendor / Document Date / Installment Payment
3, Make a Link to the Payment Terms to Parental Payment Term u2013 OBB9
Pmt Term Inst Percentage Pmt Term
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
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