terms of payment

[Former Member]

where do we maintain terms of payment like the following, who will do this

X% advance and balance at the time of delivery

X% advance and balance with DO from Bank and balance amount

Payment after 60 days

Payment against bill discounting from bank

thanks

[Former Member]

Hi

Try with T code OBB8

[Lakshmipathi]

Dear varada rajan

You have to maintain Terms of Payment in OBB8.

Thanks

G. Lakshmipathi

[former_member204513]

Hi Rajan,

Menu path to define Terms of payment is

IMG --> Sales and distribution --> Master data --> Business partners --> Customers --> Billing document --> Define Terms Of Payment.

I hope it will help you

Regards,

Murali.

[Former Member]

What is the main role of terms of payment, if i say 10% advance what does it do

can you throw some light on this

[former_member204513]

Rajan,

Based on the Terma Of Payments only the customer will pay the amount to the company or the company will collect the sales amount from the customer.

10% advance means if the customer want to buy a product he needs to pay 10% of the product price in advance.

Ex:-

Within 14 days 4 % cash disc :- this means if the customer pays the amount with in 14 days he will get 4% cash discount

I hope it will clear

Regards,

Murali.

[Former Member]

SPRO> Master Data> Customers--> Billing Document -->Define Terms of Payment.

The SD consultant in consultation with FI will do.

Kind Regards

Chakradhar

[former_member183879]

It is in SPRO

SPRO---SDMASTERDATABUSINESS PARTNERSCUSTOMERSBILLING DOUCMENT--DEFINE TERMS OF PAYMENT