Payment terms vs GL Account

Hi,
Currently all discount in 3 payment terms are posted to same GL account for vendors and cost centre.Now my requirement is that all the discount in the above 3 payment terms should post to different cost centre and GL account. How to achieve this functionality . Any config reqd.

Hi,
You can assign cost centres howmany you want to different gl's based on the expense.
Payment terms you assign only to Vendors and you can't assign cost centers.
your requirement can be done in standard SAP.
Rgds
Murali. N

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Vendor Master Payment Terms and Reconcillation account

Pls tell me In SPRO where Payment Terms and Reconcillation account's are maintained for Vendormaster

HI Vinay,
Your question isn't clear. You want to define Payment terms and Reconciliation account for Vendor Master record ?
If this is correct then go through the below path for payment terms & Reconciliation Account.
MAINTAIN TERMS OF PAYMENT:
SPRO > REF IMG > Financial Accounting > Accounts Receivable and Accounts Payable > Business Transactions > Incoming invoices/Credit memos > Maintain terms of payment (or) OBB8
RECONCILIATION ACCOUNT
Accounting > Financial Accounting > General Ledger > Master Records > Individual processing > Centrally (or) FS00
Enter G/L Account No. XXXXXX
Company Code AAAA and select CREATE button.
Under Type/Description tab
Account Group LIABILITIES
Balance sheet
Short text A/P (or) SUNDRY CREDITORS A/C
G/L acct long text A/P A/C
Under Control data tab
Account currency INR
Reconciliation account for A/C type Vendors
Under Create/bank/interest tab
Field status group G067 and SAVE.
Rams.N
If this is helpful, assign me points

Payment terms cash discount account in sepreate gl code

Dear Friends
customer are paid amount within due date and they allowed for cash discount. system also capture discount but it is not posted seprately as cash discount to the customer account.
for example:
customer paid advance :Rs.10000/-
next day invoice raised for Rs.2000/-
t.code f-32 knock of the invoice against advance
new AB document type generated for Rs.8030
10000-2000=8000 and cash discount of Rs.30
Customers wants their cash discount sepreatly when they see the satement of accounts f.27
Advance thanks for your tips.
Regards
Santa

If you want it to appear on the customer statement it will have to be a customer open item.
However this would then post to the recon account and not the P&L account which I expect you want.
Also discount taken is only posted to when the invoice is cleared.
Therefore you cant get it in a customer statement, you would need to have the information in the Billing doc.
Remember you are offering a cash discount for early payment, this does not mean the customer is always due it. However there are config settings to say the customer should always take the discount.
Hope this helps, if so award points please.

Payment Terms in account work center

HI All,
where can I found the Payment Terms into the Account Work Center?
Is it possible to add this information into the Account overview?
Thank for any help.
Simone

Hi Simone,
You can find it in the Sales Data Tab.
This data comes from ECC (if you have an integrated scenario) and is not editable in C4C.
Kind regards,
Henri

Payment terms on vendor master

Hi experts,
in vendor master we maintain payment terms at accounting view and purchasing view,
both are mandatory to set or only one at accounting view is mandatory?
is it possible to change payment terms at purchasing view apart from payment terms set in accounting view ?
if we set at accounting view only is it available for all purchase orgs ?
if we give it in both which one is prioratised ?
please clarify in this asap,
will reward points
Thnaks & regards

There are many invoices coming into a company for which you will never create purchase orders. Such as from customs, from the electrical supplier, from a restaurant for a business dinner.. For such vendors you do not need purchasing views, hence it is necessary to have a field for payment terms at company code level. You will post invoices with FI transactions.
It is possible to create POs long before company code data is needed in a vendor master. For a PO you need payment terms, payment terms will only default from purchasing org data to the PO.
You post your invoice using the invoice verfication transaction of MM: e.g. MIRO in reference to the PO.
Usually you would have the same payment term at comapny code and purchasing org level for one vendor, as the vendor will not necessarily know if you have SAP and if you order with or without PO.

Calendar date & net due date (FI) PAYMENT TERMS - OBB8 Vendor Invoice

I read many posts on SDN forum about the topic.
Anyway, I didn't find a simple solution for that.
My aim is is to calculate a net due date based on working days.
So, If I've got a 30 days document days payment term ("Deafult for baseline date" = Document date ; Additional Months = '2'), a Vendor Invoice (document date = 12.05.2011), by standard net due date will be 12.06.2011.
FROM 12.05.2011 to 12.06.2011 =
32 CALENDAR DAYS
22 WORKDAYS (32 minus 10 holyday - 2 weekends)
WORKDAYS PAYMENT TERMS Within 30 workdays Due net
Vendor Invoice document date = 12.05.2011
plus 30 workdays = DUE DATE 22.06.2011 (and not 12.06.2011)
Can I obtain that with a standard functionality?
Edited by: Roberto Buono on Jul 1, 2011 2:29 PM

Hi,
Sadly this is not available as standard. As per your need the Net due date should be worked out by using a factory calendar; but what this does is it delinks the direct correlation between the number of days in the payment terms with the difference between the due date and baseline date. I hope you are aware that Net Due date is not stored but is a variable calculated during run time in reports.
There are four things you can try:
1. The simplest to do is: As the number of weekends are fixed; and if the intention is to give a 30 working day term, then add on the number of weekends and make the payment term effectively for say 40 days. There will be marginal variations over what you want. Best part here is that config remains standard.
2. All the receivable reports will use a function module (usually the same one) to calculate the net due date; enhance the FM and make it consider a factory calendar for calculating due date.
3. Enhance the accounting interface, and in runtime; modify the days that are coming from the payment term; based on a factory calendar, and update the accounting document. This delinks the days mentioned in the payment term and the accounting document and may not be palatable.
4. Enhance the accounting interface, and in runtime; calculate the due date and update the baseline date with it and make the payment term as "Immediate" yielding the desired due date. Not very elegant. Alternatively add to the baseline date days equivalent to holidays and weekends and keep the days from payment terms constant and update the accounting document. Better...
All four options have somes pros and cons. I do not see any other means of acheiving what you want. Maybe you could restrict users to a custom receivables/due date/ageing report which delivers what you want and lock the standard reports.
Cheers..

Payment term in Invoice (F-43)

I have made 'payment term' mandatory for the customer/vendor account groups. However, for certain customers which was created earlier, there is no paymen term in the master record. When I try to create a PO, system asks for a mandatory payment term. But for the same vendor, when I try to create a FI invoice (F-43) it does not ask for any payment term and the invoice can be posted without a payment term. Why this is so ?

Dear:
Setting the payment term mandatory at Account group level make it mandatory for master data creation only. For transaction entries you will have to make changes in Vendor Recon account (go to OBC4...select field status group of vendor recon account ....Materials management..PO ) or in posting key in OB41.
e.g in your case F-43 posting used to credit vendor is 31, You can set PO as mandatory in OB41 for posting key 31 (if you do not want to make it through Recon account field status group). This will do the the job
Regards

Difference between 2 payment terms in vendor master

Hi All,
Please explain the difference between the 2 payment terms in vendor master. I have noticed that the payment term of purchasing view is reflected in purchase orders. What is the use of the payment term in the finance view.
SAPXPT

Hi,
The Purchasing view payment terms are copied to purchasing tranactions like PO, PR where are the accounting view Payment terms are copied to financial postings like FI invoice or Vendor Invoice.
Please maintain different value in these two view and check creating Purchase order and Vendor invoice
Purchase order in ME21N will get the payment terms from the Purchasing view
Vendor Invocie in FB60 will get the Payment terms from the Accounting view.
Please test and revert
thanks,
santosh

Proxima Payment Terms

Dear Experts,
is there any scenario to use "Proxima Payment" Terms in Oracle Accounts Payable
Thanks
Bharath

You can refer following notes but this is for AR, not sure about AP...
How to Setup a Proxima Payment Term With A Typical Billing Cycle? (Example: Credit Card Cycle) [ID 374260.1]
thanks

Payment Terms and price list

Hi,,,
Can anybody explain to me why when in a A/R Invoice I change the payment terms in the accounting tab before entering the item number the system takes the price list that the pyamet terms has without asking if I want to update the prices. If I enter the item first and then changed the payment terms the system asks if I want to update price according to the ones define in the payment terms.
Tks
Adriana

Hi,
How can we assign rights to a user who is allowed to change the Payment terms for Purchase orders entered.
Currently , the moment a PO is entered and the payment terms is changed it prompts a message saying that you are not authorized to change the payment terms.
Where under Authorizations can i go and change this?
Can anybody suggest a solution?
Jyoti

Payment terms applicability for Debits in Vendor account

Hi all,
Whenever we credit a vendor account with defined payment terms, the net due date for that transaction will be calculated as per payment terms. I just wanted to check if the same logic applies even when we debit vendor account with defined payment terms.
When I tested this in our systems i.e by debiting vendor account with defined payment terms, found that baseline date was only getting picked as net due date & not the actual date as per payment terms. I wanted to confirm if this is a SAP standard feature or a customised feature.
Regards,
Santosh

Hi,
I do not have documentation other than the F1 Help for the Field Inv.Ref
This explains it though.
Number of the Invoice the Transaction Belongs to
For line items which are related to another line item, this field contains the number of the partner document.
Use
In the standard system the field is used for:
Credit memos which refer to a particular invoice item
Subsequent invoices for an invoice item
Partial payments for an invoice item
Partial clearings of down payments.
In the first two cases mentioned, the terms of payment are copied from the cross-referenced invoice item into the item currently being processed. This ensures that items due on the same date are paid together by automatic payment.
A special rule applies to credit memos which have a "V" in this field. The due date is determined in the same way as for an invoice. If the field is empty (containing neither a document number nor a "V") the due date is the baseline date for payment.
Kind regards

Report that display payment terms for account receivables customers

Hello To all,
Please can you help us to find a standard report that list account receivables customers with their payment terms.
Regards.
Zied.

Hello,
Thank you for your response but user has not authorisation to access to SE16 and we need a report to do this.
Or may be we can create a query that use KNB1 table.
Regards.
Zied.

Payment term in G/L account

Please solve this issue-
Suppose, we sale - 100 ZAR
Now the posting-
Customer a/c100 ZAR
To, Sale ............. 99 ZAR
<b>To, Slate Levy .....1 ZAR (this 1 ZAR should be due on 25th of the month in the second month)</b>
Now, business wants to display the due date in <b>Slate levy G/L account</b> not in custemer a/c.
Can you please help me how to assign payment term in G/L account or is any other proces avaiable in SAP

Hi,
I think the line item genarated automatically, so we cant make default payment term for G/L account wise, but we can enter payment term after posting the transaction.
For this the G/L account must be open item.
after transaction has posted goto fb02 and enter doc. no. and press enter.
then double click on line item, then enter payment term what you want.
Thanks & Regards
Sunitha.

Not allowing changes to payment terms after the AR document is released to accounting

Hi,
Anyone know the best way to not allow a user to change the payment terms after the AR document has been created in AR? This is affecting aging because users are changing the payment terms without permission. What is the best way to control that?
Thank you.
AK

Hi A K
Frequent change in payment terms is something business should introspect. Payment term is decided and agreed upon with customer/vendor during the initial stages.
However from IT perspective, it can be controlled keeping some system controls.
1. Limit the Customer master change transaction to very limited users or to a manager. There should be internal approvals by management for business to make a change. Bring this into force.
2. Regularly run the customer master change reports and provide the trend to management to restrict or limit the changes.
3. Use Change Message control for master data by providing necessary warnings or error messages when master data is changed.
4. In the sales order level, there is every possibility to change the payment term. Based on the user authorization get the payment term field greyed out and provide change access to accounting or to a specific user upon approvals. This is a bit complex process but I feel this brings up controls and stops the process from exploitation.
5. Also activate 'Sensitive fields' KNB1-ZTERM for payment term field in customer master. This brings up another layer of confirmation of change by other users.
6. Another back route, not recommended in all cases, is to subsititute the required payment term during accounting document posting.
Hope it helps.
Thanks,
Sekhar

G/L account for payment terms

Hi,
Is it possible to maintain 2 G/L accounts under 1 chart of account for cash discount? For example, G/L account 333333 for payment term Z333 and G/L account 222222 for payment term Z222.
Will appreciate immediate feedback. Thanks.

Hi,
Good morning and greetings,
You can use the OBBH or GGB1 option to determine the right GL account based on the payment term.
Please reward points if found useful
Thanking you
With kindest regards
Ramesh Padmanabhan

Payment terms vs GL Account

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