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Payment Terms

Former Member
0 Kudos

Hi Guys,

I need to set a payment term that is 1% 15 days, 52 days net end of the month.

Meaning if paid within 15 days we get the 1% discount or else we have 52 days from the end of month of that invoice to pay.

So if the invoice is dated 11/01/08 - pay by 11/15/08 - get the 1% or else we have 52 days from 11/30/08 to pay...making this due on Jan 20, 2009.

Can someone please suggest how do i set this up?

Regards,

Noopers

Accepted Solutions (0)

Answers (1)

Answers (1)

Former Member
0 Kudos

hi,

Go to Tcode OBB8

Click on New Entries

Eg:

Term Percentage No. of days

1. 1 % 15

2. 5 % 20

Enter the text as

Sales text 1st installment (15 days)

Explanation Tab

Within 52 days Due net

Hope you can understand now...

Cheers

Ranjit Kumar

Former Member
0 Kudos

Hi Ranjit,

Thanks for your answer.... but if i set it up as 52 days due net... that will pick 52 days from 11/01/08 right?

Also it's not an installment ... we need to make full payment within the 15 days to receive the 1% discount.... which i agree with you i can set up as 1% percentage and 15 under the days...but my concern is the 52 days needs to be calculated from 11/30/08?

Please advice

Regards,

Noopers

Former Member
0 Kudos

hi noopers,

I have mentioned in EXPLANATION tab it is just for your notes but that days will not be calculated.....

CHEERS

Former Member
0 Kudos

Hi Ranjit,

Thanks again... I see what you are saying...but the thing is i need to figure out a way the system will calculate this 52 days from end of the month..

Thanks

Regards,

Noopers

Former Member
0 Kudos

Then the last option you have to set the 52 days has the No. of Days in the Payment terms Tab.

Points please

Cheers