5 Replies Latest reply: Jan 24, 2012 11:19 PM by Jyoti Prakash RSS

Payment term -PREPAID 30%, BALANCE DUE NET 30

Linda G
Currently Being Moderated

Hi Friends,

 

How to set the payment term -PREPAID 30%, BALANCE DUE NET 30

 

Thanks a lot,

Linda

  • Re: Payment term -PREPAID 30%, BALANCE DUE NET 30
    Shiva Ramakrishnan
    Currently Being Moderated

    You can refer/copy the terms of payment CA45 in t.code OBB8. Inside check the box installment payment. Then in t.code OBB9, make entries similar to CA45 (two entries), but with percent as 30 and 70.

    Regards,

    • Re: Payment term -PREPAID 30%, BALANCE DUE NET 30
      Linda G
      Currently Being Moderated

      Hi Shiva Ram

       

      Thank you for your response.

      I've checked but seems that we don't have CA45 term in our system..would you let me know the detail of it's setting please?

       

      Thanks,

      Linda

      • Re: Payment term -PREPAID 30%, BALANCE DUE NET 30
        Jyoti Prakash
        Currently Being Moderated

        This you will not be able to achieve through Standard payment terms.

        To get payment terms as

        PREPAID 30%, BALANCE DUE NET 30

        In TCode OBB8, create 3 payment terms:

        Payment Terms

        Payment Description

        Account Type

        Remarks

        Z001

        30% Prepaid & Balance Net Due

        Customer

        in payment terms section - tick Installment payment

        Refer standard payment term 0009

        Z002

        30% Prepaid

        Customer

        Z003

        Balance Net Due

        Customer

        In tcode OBB9.

        maintain installment for Z001 or main payment term

        Main Payment Term

        Install Seq

        %

        Ref Payment Term

        Z001

        1

        30.000

        Z002

        Z001

        2

        70.000

        Z003

         

        So, your payment Z001 - 30% Prepaid & Balance Net Due is ready to use in sales order.

         

        Regards

        JP

        • Re: Payment term -PREPAID 30%, BALANCE DUE NET 30
          Linda G
          Currently Being Moderated

          Hi Prakash Jyoti ,

           

          Thanks for response.

          Please advise more about Z002. Where should I maintain to reflect the 30% prepaid.

           

          thanks,

          Linda

          • Re: Payment term -PREPAID 30%, BALANCE DUE NET 30
            Jyoti Prakash
            Currently Being Moderated

            In tcode OBB9.

            maintain installment for Z001 or main payment term

            ||Main Payment Term||Install Seq||%||Ref Payment Term||

            |Z001|1|30.000|Z002|

            |Z001 |2|70.000|Z003|

             

            No need to define any % in TCode OBB8 in Z002 as entry in TCode OBB9 as highlighted in blue above, for 30% prepaid ( or you may also say it as 30% advance payment or 30% down-payment ) will be able to suffice your requirement.

             

            Result: With this when you post billing doc to accounts, then you will find 2 line items(one for 30% & 70% Value) for Customer receivable account. Then you can use TCode F-32 for clearing advance payment received against 30% entry and use F-28 for receiving payment against net due.

             

            For further understanding/reference, you can refer one my previous response in following SDN thread for better understanding.

            - Down Payment

            Which also talks about Billing Plan as an alternative option for your requirement.

             

            Regards

            JP

Actions