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
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If you have maintained the payment term in the Purchase Order, it will overwrite the payment term which is maintained in the Vendor Master. If no payment term is maintained in the PO, then the payment term which is maintained in the Vendor Master will be considered.
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DiwakarYou can use field exit for this purpose, take help form ABAPer to define this field exit for the payment term
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Payment terms: (In MM side attached with Vendor Master)
The payment terms represent the typical agreements you have with your customers and vendors. Therefore, you do not have to define this information from scratch for each customer and vendor.
When a purchasing or sales document is entered for a vendor or customer, SAP Business One automatically copies the information on the payment period, price list, and total discount in the document. This information is used, to calculate the prices for the items, the due date of an invoice, or the total discount allowed etc.
You can also change the payment term data manually in the transaction itself if a special agreement was made for that transaction. In addition, the information on the credit limit is copied from the payment term to the customer master record and then to the sales document, and can be used for a credit check.
For the complete process of payment terms visit: http://help.sap.com/saphelp_sbo2004a/helpdata/en/c7/583e38404780498ef3d08b1fa076cb/content.htm
Delivery terms : In the MM prospective delivery terms generally indicates the status of material delivery. For ex. Goods Must be packed well for protection / Proper handling instructions must be labelled on each pack / Net weight & Gross weight should be mentioned on pack / International Maritime Dangerous goods code should be printed on pack in case of Dangerous goods transported by sea / Like wise similar instructions for Air transport for Dangerous goods / All technical names should be printed and attached on cover of pack / the packs must be perfectly packed with water protection and palletised like wise the terms of delivery we set to the suppliers of materials.
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Dear Friends,
In the billing document where to put payment terms and text column, so that it would appear in the accounting document generated. In the accounting document payment terms column and text column is to be captured in the GL line item level.
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When you create a customer master there you can enter the payment terms, and also at the time of sale order creation which will be passed on to the accounting document. But i am not sure if the payment text to be populated in the GL text. It seems user exit. Search for user exit related to billing document. There is a possibility for the same but i dont remember correct user exit
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Credit managment against payment terms and credit limit
Dear All,
I have two query against credit management
1 Can We maintain credit managment as per payment days. My client want system should give bolck as per payments days,say if payment terms is 30 days and within 30 days customer has not made payment against invoice so sales order should block. ( sales order will create but shown as block)
2 Credit block with ref to credit limit given to customer, they want credit block with reference to open order.open delivery and open invoice. Means system will check all open order,all open deliveries and all open invoice while considering credit limit.and give the block accordingly.
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In OVA8, for the combination of credit group & risk category you maintain the following
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Deferred payment terms and Tax due immediatly
Hi,
We would like to know if there is a workaround in SAP to post the customers invoices tax amount with a different due date of the deferred payments. The deferred payments amount will not include tax.
What we would like to do according to our business requirement (this is not a legal requirement in Canada) is to do the postings as follow. Let say we have an invoice which full amount is 1,000$, 100$ are taxes. There are 3 instalments. The posting would be as follow:
DR Customer account 100$ net due 15th of March (tax amount)
DR Customer account 300$ net due 15th of June (1st installment)
DR Customer account 300$ net due 15th of July (2nd installment)
DR Customer account 300$ net due 15th of August (3rd installment)
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Tax rate vary accoding to the province in Canada. Therefore, creating a payment term per number of deferred payments (1 to 24) * number of provinces (13) * first payment due date (1 to 24) is not feasable since it is a pain to maintain (too many payment term to create).
Some of our invoices are interfaced (created through an FB01), some are financial invoices (FB70) and we have regular invoices coming from SD. Thus, we have many document types included and we cannot use the amount splitter functionality for enjoy transaction (FB70/75 only).
Anybody has already had to implement or change a FM or BAdI for such a posting?
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PierreJust to clarify, the above scenario is for when PO is transferred from MM to SUS , then payment terms and condition types are not transferring
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Payment term and incoterm in PO
Hi Expert,
Last time i am able to create PO with Blank payment term and put"N/A" in incoterm field,but now i unable to do so on the same vendor.
The system will require me to fill in.
May i know what is the possiblity that cause this?Where can i check the configuration?
Thanks.hi friend,
Use the SPRO t-code for the configuration
and follows the path
>>Material Management
>>Purchasing
>>Purchase Order
>>Define Screen Layout at Document Level
in that you have to select the ME21N t-code for and enter
than you will found the many datas related to po fields, in that you will have to your entry optional and save it.
rewards if helpful to you.
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rajesh -
In BP master, payment terms
Hi Experts,
In BP master, payment terms have credit limit and commitment limit, I want to know how it works. Anyone guide me.
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ManikandanHi Mani
The credit limit is effectively the maximum amount of money that you are prepared to loan to the customer. If you set a credit limit of £100K then a warning message appears if you try to raise a delivery if the total outstanding exceeds £100K.
If you want to control the total value of outstanding sales orders you set a commitment limit. If you are only prepared to allow a customer to have £100K in open sales orders you set the limit to £100K If you try to enter any new sales orders that take the value to over 100K then you get a message when you enter the sales order.
Both of these warnings are enabled in General Settings - BP.
Every new customer is vetted through a credit rating service and we set credit limits accordingly. Customers suddenly placing large orders may be checked so we can try and avoid the customers that don't pay on time.
Hope this helps.
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Stewart Clark -
Mass Vendor master Payment method update
Hi All
Mass vendor master payment method update, is there any other alternative solution to update the new payment method in Vendor master. Normally we need to assign new payment method in Vendor master one by one instead of mass vendor master payment method update. Please help me to resolve the issue.
Regards
K.GunasekarThanks for your update
I tryed to assign the new payment method in MASS transaction code and new value is updated but existing payment method has deleted. We need to maintain the previous payment method along with new payment method. Please provide me the necessary solution.
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Edited by: KGUNASEKAR on Dec 6, 2010 10:15 AM -
Hi Friends,
Please clarify me the difference between Payment terms and Inco terms (PO-Header data).
I have gone thru SAP help, but I am not clear. Please help.
Best regards,
Raman.hi
Payment terms are generally used in domestic procurement cycle.
It generally related to payment due to vendor like Advance, Immediate on delivery, 30 days, 60 days, 90 days and above. Based on this the cost /discount of material
varies.
Inco Terms : International Commercial Terms
They are two type
i) Payment Terms : Advance, DA , DP and LC
ii) Delivery Terms : There are 12 different terms,general used terms are CIF, CFR and FOB.
1) The shipping terms Seller and Buyer.
2) CIF, CFR and FOB are in used for Foreign Trade by Air/Sea / Multimodel Transport.
3) from port of loading to destination port.
4) EXWORKS in domestic trade
6) insurance will take care of various clauses of sea and air and most important element/doc in foreign trade.
Note : Here Freight means : sea or Air or rail/road.
In all cases All clearing, custom duties, freight from port to factory are paid by the buyer.
5) CIF : Cost of goods, Insurance & Freight (sea or air ) - Seller will bear CIF till destination port.
6) CFR/C&F : Cost (C) and(R) Freight(F) without insurance coverage. Buyer will take insurance on receipt of a fax invoice from seller before the shipment.
7) FOB : Free on Board - Material shipped to loading port by the seller. Freight and Insurance will be arranged by the Buyer to destination port.
Hope this will help you
bye
raghavendra -
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
AdrianaHi,
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 -
Vendor wise payment term or po wise payment term with details
Dear All,,
Please provide us detail of payment terms from PO Sr. No. 5500000839 to 5500001284 . any sap standard report of any sap standard tcode
or
vendor wise payment term or po wise payment term with details
with warm regards
pritpalPO wise payment term u can get in ME2n report..
Vendor wise from LFM1 or LFA1 table
Check MKVZ report -
How to create AP payment terms and withholding tax from backend ?
Hi All,
I have a requirement to create the AP Payment terms and withholding tax from backend as the data is going to be uploaded into 15 different instances therefore for the convenience i am looking for any API or Interface to create these from backend.
Thanks & Regards,
MayurHi Gurus,
Please give me some information on this.
Thanks,
Mayur
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