Payment Term in purchase order

[Former Member]

Hello,

How to configure payment term as 15%(variable) advance , balance against proforma invoice.and where this advance % I will have to put in purchase order?

Regards

Kedar

[Former Member · Accepted solution]

hi

you will assign payment terms in creation of vendor XK01 .In case of advance,use T.CODE F-48 you can maintain vendor advance as u paid in advance..if u want to define your own term of payment you can find in configuration financial accounting.reward if possible

[Former Member · Accepted solution]

hi,

where i can see value of advance in purchase order

Regards

Kedar Kulkarni

[Former Member · Accepted solution]

hi

here in PO we cannot see the advance but when you maintain in the T.Code while creating

PO system gives you an message that some amount has been paid as in advance.

[former_member218067]

Hi,

Payment terms are maintained in SPRO>Financial Accounting>accounts recvable and payable>incoming invoices>maintain payment terms

check for yourself you will come to know how those are maintained

Best Regards

Diwakar

reward if useful

[Former Member]

u can choose from various payment terms given while using FK01 OR XK01...for more advanced customization go F-48 and define your own payment terms