on 10-30-2009 8:58 AM
Hi Gurus,
We have one requirement to create a payment term like this "Payment due within 30 days and 1% interest per month". How can we set interest rates in OBB8 transaction?
Regards,
P Gomatheeswaran
Hi,
In the Transaction code OBB8 you can define the INTEREST RATE and no of days for which till interest applies
goto the details of the Payment terms in the same transaction and in the screen you can find the tab with PAYMENT TERMS---installment payments.
In that tab you can enter the Percentage as 1% and no of days as 30.
So the interest will be 1% if the payment is due for 30 days.
Hope it is clear,
Please check and revert back if u need more details
thanks,
santosh
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