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payment terms for advance payment scenario

lakshmi_matta
Participant
0 Kudos
2,875

Dear All

payment terms have to create like we have to pay as 50% advance against order & balance 50% against on proforma invoice.

Can any one tell me is it possible to define payment terms like this or only option is downpayment configuration.

Thanks & Regards.

Lakshmi

Accepted Solutions (0)

Answers (1)

Answers (1)

lakshmi_matta
Participant
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my question is not answered

Muralinag14
Active Contributor
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Not possible.

If you select No default radio button for baseline date in OBB8, then system ask you to enter baseline date while entering the document, this works in FI.

I'm not sure in SD.

Rgds

Murali. N

lakshmi_matta
Participant
0 Kudos

My questions is not answered but useful iformation

jpfriends079
Active Contributor
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Hello,

In SD there can be 2 ways by which you can handle this.

A. Billing Plan

Maintain 2 milestones at the sales order.

1. one milestone with Terms of payment Z002-50% advance against order

2. other milestone with another terms of payment Z003- 50% against on proforma invoice

B. relevant terms of payment

In OBB8 maintain 3 payment terms, say

- Z001 50% advance against order & balance 50% against on proforma invoice (in payment terms section - tick Installment payment).

- Z002-50% advance against order

- Z003- 50% against on proforma invoice

Then in OBB9,

Z001___1___50.000___Z002

Z001___2___50.000___Z003

With this when you post billing doc you accounts, then you will find 2 line items(50 % Value each) in Customer account.

i hope this can assist you.

Thanks & Regards

JP