Payment terms maintenance vs define terms of payment for installment.

Dear all,
In Payment terms we can maintain installment payments then what is the need for Maintaining installment payments again.
I am not understanding the functionality any body please explain with example.
Thanks,
Srini.

Hi,
Firstly. Terms of payment are maintained through OBB8 and if the terms of payment is in instalment basis, additionally you also need to tick the instalment payment checkbox and save. Secondly, go to Tcode OBB9 and for the instalment terms of payment maintain the required data like instalment, %ge, and payment term to be applied for each instalment. For ex : the payment term 0017 is in 3 instalments, first maintain the same in OBB8 and then go to Tcode OBB9 and maintain the data as shown below. To test the correctness of the same post the vendor transaction and check the results.
Terms of   Inst           %ge          Pymnt Term
payment
0017     1     30.000     0001
0017     2     40.000     0001
0017     3     30.000     0001
hope this clarifies.
regards,
radhika

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Hi Avinash,
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The payment method "Y" the option "payment order only" was marked?
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Message FZ626 -Payment orders are not defined for extended withholding tax

Hi Gurus,
Would you please help me with the message below:
Message FZ626 -Payment orders are not defined for extended withholding tax
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TREAD LOCKED SINCE IT IS DUPLICATED FROM THREAD payment order are not defined for extended withholding tax

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Message was edited by:
A. de Smidt
Message was edited by:
A. de Smidt

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Payment terms maintenance vs define terms of payment for installment.

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