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Advance Payment terms for vendor

Hi All,

As per our client Business requirement we need to create advance payment terms for vendor.

Below are the payment terms which need to be created, kindly suggest.

1. 20% Adv, Bal 80% within 120 days DA after shipment.

2. 30% Adv, 60% against shipping doc,10% after comm

Thanks & Regards,


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1 Answer

  • author's profile photo Former Member
    Former Member
    Posted on Aug 11, 2016 at 11:34 AM

    Hi Rahul,

    You can create advance payment terms for vendor through transaction OBB8.

    Click on new entries and in payment terms sub screen enter Cash discount percentage rate which is granted for payment within the specified period and base line for payment.

    Assign terms of payment key which is been created through transaction OBB9 with Sequential Number of Installment to be Paid, percentage and Payment term for the holdback/retainage.

    Thank You.

    Best Regards,

    Pavan Kumar. D

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