on 04-23-2009 2:17 PM
Hi all
Is there a possibility to make quarterly payment terms in OBB8?
I am looking for payment to be made every quarter for the invoice raised.
Eg:Invoiced raised in the month of January, February and March must be due on 5th of April?
April, May and June must be on 5th of July?.
Is this possible in OBB8.
Thanks & Regards,
SAP4ME
This is possible in OBB8.
Use number of days.
Read documentation on fixed date.
Regards,
Ravi
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Hi Mark:
I am interested in finding out more about setting up quarterly payment terms. Would you please elaborate step by step.
For example, if I want to make quarterly payment in Jan, Apr, Jul and Oct. How do I set these quarterly payment terms in OBB8? And how do I link them in OBB9?
Your patience is appreciated.
Hi mark,
thank for the reply.
But my req is, i will make /rec payment once in a quarter from/to my vendor/customer.
Eg . All the vendor/customer invoice which i have received/sent between Jan1 to 31Mar - i will make/rec payment on 5 April and similarly for the next quarter.
Kindly elaborate your steps.
Thank you once again
Regards
SAP4ME
SAP 4 ME
I am afraid Michael is correct.
I will also explain why he is correct as well.
When you look at the configuration for payment methods, you can either define values against months -(against a baseline date) or days, or a combination of days and months.
You can either add days or months to the baseline date, or hard code the day of the month.
You cant specify Financial periods (which a client once wanted) or quarters as you now require.
If this HAS to be implemented, I would suggest giving all line items say 3 months terms, so all items in a certain quarter are always not due.
Then on the last day of the quarter run a mass update of line items to change the baseline date to be that of the last day of the quarter, and the payment terms are immediately due.
Therefore, when you run your aged debt report the following day, everything is now due.
This is poor for two main reasons -
1 This is a manual task - if you forget to execute it your aged debt will be wrong
2 You can only run your aged debt report correctly once the mass change has been applied.
Hi,
I don't think this is possible. We can maintain the fixed date/days only on a monthly basis. On a quarterly basis, it is not possible.
Regards,
Mike
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