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what is the differance between promise to pay and Installment plan?

Former Member
0 Kudos
517

Hi Experts,

what is the differance between promise to pay and Installment plan?

1 ACCEPTED SOLUTION

Former Member
0 Kudos
284

Hi,

Conceptually there is not much differance in promise to pay and Installment plan as both comes under credit management, there are few additional check available in promise to pay.

In installment plan individual payment request line items are generated where as in promise to pay the request line items are not generated but it is shown as information in origional line item.

For promise to pay SAP has provided standard functionality for valuation t-code FP2P.

Hope this is helpful

Regards,

Abhijit

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1 REPLY 1

Former Member
0 Kudos
285

Hi,

Conceptually there is not much differance in promise to pay and Installment plan as both comes under credit management, there are few additional check available in promise to pay.

In installment plan individual payment request line items are generated where as in promise to pay the request line items are not generated but it is shown as information in origional line item.

For promise to pay SAP has provided standard functionality for valuation t-code FP2P.

Hope this is helpful

Regards,

Abhijit