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author's profile photo Former Member
Former Member

Payment Term for Advance Payment

Dear Friends,

The requirement is to set up a new payment term for receiving advnace payments from the customers.

I think payment term is not the proper method for advance payments. We should use the down payment request mechanism provided by SAP.

Please suggest whether a payment term for advance payments should / can be created.

Thanks & Regards,

Sameer S. Gupte

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  • author's profile photo Former Member
    Former Member
    Posted on Mar 06, 2007 at 07:58 AM

    Hi Sameer

    Normally for any advance payment, you can use special GL indicators rather than changing the payment term.

    Thanks

    Ashok

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