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author's profile photo Former Member
Former Member

Terms of payment

Hi,

Can you please help me with how to create new payment term

The requirement is,

new payment term for "25% Advance and remening payment

after 3rd day from date of receipt and 1% Cash Discount of full amount.

Regards,

eswarmanu...

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4 Answers

  • Posted on Jan 19, 2009 at 06:18 AM

    OBP8 is the T-code for create new termas of payment

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 19, 2009 at 06:22 AM

    Hi,

    From IMG Financial Accounting>Accounts Receivable and Acccounts Payable>Business Transactions>Outgoing Invoices/Credit Memos>Maintain Terms of Payment

    Copy an existing one, then you can revise and save for your new terms.

    Good luck

    Tao

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 19, 2009 at 06:47 AM

    Check transaction OBB8..

    You need to take FI Guy help to fulfill your requirement..

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 19, 2009 at 07:19 AM

    Hi,

    Go to SPRO- Materials Management - Purchasing - Vendor master - Define Terms of payment.

    Select the appropriate account type (Customer / vendor)

    Select the default for baseline date

    Under tab Payment terms:

    In the 1st line, Select the percentage 25 % and leave the number of days, fixed date and additional months blank.

    In the 2nd line, enter 1 %, No of days enter 3 .

    Thanks and Regards,

    Maheshwari

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