Payment based on milestone

[Former Member]

Hello,

Is it possible to make payments to vendors based on percentage of completion or milestones

[stheurkar · Accepted solution]

Hi,

Yes it is possible. ref sap help link

http://help.sap.com/saphelp_erp60_sp/helpdata/en/4c/226f8d46e611d189470000e829fbbd/content.htm

http://help.sap.com/saphelp_erp60_sp/helpdata/en/4c/226f9a46e611d189470000e829fbbd/content.htm

http://help.sap.com/saphelp_erp60_sp/helpdata/en/ea/5177e8bf6411d2a9250000e8a5b547/content.htm

Regards,

Sandeep

[Former Member · Accepted solution]

Hi Gurus,

I also have a similar requirement and so far I was of the opinion that only Milestone based Billing is possible... I went through the Help files suggested by Sandeep.. in one the Prerequisite is given as "activation of Project Cash Management".. What are the precautionary measures to be taken for activating this and what are the consequences of activating this ?

thanks in advance

Vinodh.

[Former Member]

Hi,

you can achive through Milestone billing ,,,,,,,,,

Regards,

VENKATASWAMY

[Makal]

Hi Nidhi

It's definitely possible.

Do the following settings in the SPRO.

IMG --> Project System --> Costs --> Planned costs --> Automatic costing in Networks/ Activities --> Maintain Settings for Invoicing plan

According to your requirement, you define, (1) Invoicing plan type (2) Date descriptions (3) Assignment to network profile .

Once you have these setting in place according to your requirement, you can have control over your payment.

Post your results here. It'll be useful for others too.

Thanks

[Former Member]

Hi Nidhi,

You can maintain Invoice plan for external activity, service activity and material components by assigning Milestones. So, you can control vendor payments using Milestones.

For maintaining invoice plan, select activity --> Edit --> Activity --> invoice Plan.

Regards,

Hari.