Terms of payment are incorrect

Hi,
The payment terms in vendor master are set so that the cecks are cut on xx/xx/xx date - net 15 days. when I tried to test in FB60 the payment terms for 15 days are getting populated in FB60. however, when I enter lets say 30 days in the cash discounts field (legacy data) it is showing a hard error "terms of payment are incorrect". Please explain how to fix this.

That seems odd, you may want to do a search for SAP Notes to fix that. I just don't know what version of SAP you are on and what support pack level. I do see some new notes posted related to changing payment terms in FB60. 1446873, 1400616, 1415712, 1357589, 1314271. Try typing in SAP's search "fb60 payment term" to see if there is a note to apply for your situation.
Good luck,
Cindy

Similar Messages

Terms of Payment for credit memo

Dear Friends:
I have created terms of payment (Z12). This has to be used in credit memo in customer - T.code F-27 .But in customer master, there is a different terms of payment.How can i use the newly created terms of payment(Z12) in T.code F-27.
The New Terms of Payment should be in the credit memo by default. Is there configuration settings by which the new terms of payment are selected by default?
Please advise.
Regards
MSReddy

Hi MSReddy,
There should be a field in the customer master/company code data/payment transactions tab to enter the payment terms for credit memos.
If this is not displayed for your customer group check screen layout settings for customers.It might be supressed.
Regards
Nadini

Change in Terms of payment for Vendors / Customers

Dear Friends,
If the Terms of Payments are changed in Vendor / Customer master data then what will be the effect on below situation :
1. How will any open Purchase Orders and any open Sales Orders be updated?
2. How will processed, yet open customer invoices and vendor invoices be updated?
Please share your views on above.
Regards,

Hi Bidyut,
SAP works on very clear philosphy known as changes with prospective effect.
When you create a Purchase order or Sales order, this import Payment term from Purchasing area (not from Payment TAB) and sales area. In case you change the payment term in Vendor/Customer master, the invoices created taking the reference of the already created purchase/Sales orders will still have the old Payment Term.
But the payment term field is editable so if you think these are not correct, you can change the payment term in PO/SO and even in invoices anytime but useful only if changed before they are paid.
Hope this answers your query.
Regards
Bharat

About Terms of Payment for PO

Dears,
I use a term of payment 0001 in a purchase order.
the term of payment are: 5% in 14 days, 3% in the next 30 days.
When I create a po , carry out GR, I process invoice verification. But in invoice verification for the PO, the system doesn't carry out discount calculation automatically.
I want to know why there is no automatic calculation, how to set it in sap system ?
Thanks.
Zhongkai

Hi
Terms of Payment are linked to the payment processing of the vendor invoice,
if you want to see the effect of terms of payment ,
Pay the Vendor using the reference of the Vendor invoice , the system will calculate the net amount considering the Cash discount if you are paying with in the specified days.
Thanks & Regards
Kishore
Edited by: Kishore Kumar Chiluka on Jul 21, 2008 1:44 PM

FI invoices not picking up Terms of Payment

Hi,
We have FI invoices (Posted through FB60) for freight charges. These invoices hit frieght expense account instead of being posted against a PO.
The problem is that when these invoices are posted, they are due immediately. We checked the payment terms of vendor and the terms of payment should not make the invoice due for payment immediately, instead due after 30 days.
Hence, the problem is that the correct terms of payment are not being picked up by that invoice doc type. Can you please suggest a solution, as to what could be wrong or where to look.
Thank you.

The thing is that this vendor is not a regular vendor. Its a pay to vendor created without a regular (parent) vendor. Hence, I cannot look this vendor up in the Xk03 tcode. I checked the payment terms in table LFb1. There the payment terms say 30 days due.
Additionally I checked payment transactions view in XK03 for another vendor and did not find any field named payment terms. Not sure if its even there. Did you mean to check the payment terms in the purchasing view instead?
We are using Retail system, so maybe its different here. I doubt it, but just a thought.
So to summarize basically, there is no FI payment terms, we use only regular payment terms from vendor and I checked those in LFB1. They do not say due immediately. Secondly, the vendor is a invoicing party (created without a regular vendor). When invoices post, they hit a freight expense account directly.
Any advice?

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

Quotation - Terms of Payment Not Filled Automatically

Hi,
When I create a quotation for an existing customer who has identical terms of payment in the company and sales area data, the terms of payment are not filled in the quotation.
Could somebody help to set this up in customizing.
Thanks,

Hi,
See in customer master are you maintained or no.
Kapil

Terms of payment- 2 additional days are considered for giving discount

Hi All,
I am facing a problem with Terms of payment.
I have configured a new terms of payment as "34 days -2% and 35 days net due".
Surprisingly it is giving discount even if i pay on 35 and 36th day also. In OBB8, i have taken Document date as default date for calculating days and i have not given any additional days.
This is text displayed at OBB8 "Within 34 days 2 % cash discount Within 35 days Due net".
Eg: I post doc on 01.04.09 and bline date is 06.05.09.
Even when i pay this on 06.05.09 or 07.05.09, it is giving 2% discount.
Please let me know why system is considering 2 additional days. This problem is there even in other payment terms also.
Ours is a US based project.
Regards,
Rajanikanth.

Hi Rajini,
In your case, system allows due date + 2 days for grace days. Therefore the actual due date in your case is 05.05.2009 + 2 days = 07.05.2009. System will not calculate cash discount @2% on or after 08.05.2009.
I think you are maintainin "Tolerance Group for Customers/Vendors.
Please go to Transaction Code: OBA3. In OBA3, there is a field for "Grace days due date". I think you have given 2 days as grace days there. You have to remove grace days there and try it. Now system will not give 2 days as grace days while calculating cash discount.
Hope this helps you.
Regards,
Kannusamy S

TERMS OF PAYMENT AND CREDIT CONTROL AREA

WHERE AND HOW EXACTLY TERMS OF PAYMENT AND CREDIT CONTROL AREA MAINTAINED IN CUSTOMER MASTER RECORD WILL REFLECT WITH EACH OTHER? AND
HOW DOES CREDIT CONTROL AREA CONTROLS THE
TERMS OF PAYMENT OF CUSTOMER MASTER RECORD?

hi
1) terms of pay ment and credit memo----
under customer master record, company code data, and payment transaction tab there terms of pay ment field is there.
2)FD32-----customer credit Matins
regards
sar

ITunes are informing me my credit card is about to expire 8/13 and when I try to update my information is contnually tells me Method of Payment is incorrect...don't know what to do

iTunes are telling me that my credit card is about to expire....8/13 but when I try to change the details thye keep telling me Method of Payment is incorrect I press Visa and it is like it isn't accepting it....help

Not it. Thanks. I tried it, so thanks for the tip, but I get the same error message. That I need to authorize this computer to get the purchases. I guess it's not really an error message. But It will not let me proceed any further. Once again I have deauthorized and this is the only computer that is authorized for this account.
Then
Then and last
Pretty annoying. Any ideas?

Terms of payment in PO from Pinfo record

Dear All,
Can we copy the terms of payment from Purchasing info record in PO instade of Vendor master?
My requirement is that client want to maintain terms of payment as per Vendor - Material combination in Purchasing info record and same should be appeared while creation of PO.
I am able to maintain the terms of payment in Pinfo record but same is not getting copied while purchase order thats the issue now.
I had maintain the terms of payment in condition tab-- addtional data tab but still system is taking the payment terms from vendor master.
so please tell me if there is anything we have to do to update the terms of payment from info record not from vendor master.
its urgent if u have any solution please help.
regards,
umesh

if u are purely going for the terms of payment from info record then do not assign the terms of payement in vendor master in purchasing data view and in accounting view
but i am not sure of this solution as the terms of payment in accounting view of vendor are used in miro and they are not there it may cause some problem but anyways u can try that one out in sand box

Question about terms of payment of company code tab of customer master data

Hi:
As I know there are two places to be maintained terms of payment of customer master data, one is in billing documents of sales area data tab and I understood it will default to the one in sales order when you create, another is in company code tab and I don't know what does it be used for? Could you advise?

Hi
Along with the payment terms, the reconciliation account number and the dunning procedure is set specifically for the customer to the particular company code.
This would be the default data for all transactions specific to the customer in specific company code.
If you extend the customer to another company code, you can have different recon, payment terms etc.
All FI transactions are relative to these settings.
In SD when you process, any changes to the particular customer can be modified and it will supercede the default settings of PT
Reg
Suresh

Changing terms of payment on an order

Hello Everyone,
There is a big issue at my company and I am hoping someone can help me out with this. There are occasions when a customer will come into one of our branches and place an order on their account that has the terms of payment set to cash. The order will flow through our system and not hit VKM1 for credit check. Once the customer gets the product they will say they don't have the cash and they want it to go open account terms. Our branch employee will then go into VA02 and change the terms of payment on the order after post goods issue so the order will not get credit checked in VKM1 and the amount will go open account. We will end up not getting paid for this merchandise. Is there any way to put a block on this change after post goods issue in VA02? I was told that no credit checking can be done once the order gets to that point. Please help.
James

Item Payment terms is not available in SAP E-Commerce without enhancements.
Since the item update event doesn't include this field in the backend interface, the best approach is to use "Extension data" fields at item level to add this feature. The update of the backend "model" needs to be done using ABAP in the item extension BAdI. ( I am assuming crmstandard scenario).
You can use the "same" JSP code with little modification to read the item payment terms field. The valuehelp used in the header can be used for item too. From JSP, you can add the field value to extension data of Items in the SalesDocumentParser's customer exit for item.
This new custom field has to be read in the item BAdI and later added to the Item payment term in the backend order object (Order_maintain).
In the response cycle in the same item BAdI, the value then has to be read from the order object (Order_read) and added to the extension data tab.

Terms of Payment (45) days

Hi Guyz,
We are facing a problem in calculation of days Payment Terms.
We are using PT (T45B - T/T 45 days from B/L date), the problem is
system is not calculating 45 days from the Document day.
In TC (OBB8) the configuration of (T45B) is configured for Customer &
Vendor, in Payment Term no fo days is set as 45. The default for
baseline date is set as Document date, no discounts.
System is not calculating exact 45 days from the document date.
Please reply how to adjust exact 45 days in this PT.
Regards,
Yasir Khan

Hi Khan,
Four dates are important in SAP
1. Document Date
2. Posting Date
3. Base line Date
4. Due Date
In the Customer and Vendor Master Data you define the payment terms. Based on your configure (Account type vendor / customer documents date/posting date under default for baseline date as per Mr.Amit explain he has decided Base line date has to calculate according to the document date. Hence, if you want you can make it into Posting date) as per my point of view posting date is always better, seeing in practical manner.
When you are posting the documents in the second level screen you have to define your payment term it will come automatically according to your set up. Hence you can change here also.
And you can mention the due days also. If you entered your due date is different from the system due dates then you can feel the calculation of 45 days according to the baseline date may differ.
Please check in your end and get back to me. If you have any further clarifications please let me know.
Warm Regards,
Sivakumar Sathiyamoorthy

Terms of Payment not working

Dear Friends:
In vendor master, The terms of payment were 0001(Immediate payment) and cr memo terms as 30 days net due.
Using Vendor Credit memo,T.code F-41, I entered the credit memo 40 days back and posted the document.
But when i check the S_ALR_87012083 - List of Vendor Open Items for Printing, the doc.date and due.date are the same.
Please explain why this is happening. The due date should be after 30 days.
Please help to resolve the problem.
Regards
MSReddy

Hi Sridhar,
Following are the rules for payment terms for credit memo.
Invoice related credit memos:
Credit memos can be linked to the original invoice by entering the invoice number in the invoice reference field during document entry. In this case, the payment terms are copied from the invoice so that the invoice and the credit memo are due on the same date.
Other credit memos:
Payment terms in other credit memos are not valid and are due at the document date. To activate the payment terms on these non-invoice related credit memos, enter a V in the invoice reference field during document entry.
If this credit memo is invoice related, the payment terms will default from invoice. If it is not invoice related, default date is document date. Enter "V" in invocie reference to activate payment term defined in vendor master.
Hope this helps. Pls. award points if this helps.
Regards,
Chirag

Terms of payment are incorrect

Similar Messages

Maybe you are looking for