Payment Terms for more than 3 payment terms in OBB8

[Former Member]

Hi Gurus,

Please advise as to how to create for more than 3 instances, say 4 or 5. Because standard SAP provides only for 3. Let me brief you as below :

- I created the 5 payment Terms in OBB8. 5001 (clicking as instalment) ; 5002 for 5% - 30 days ; 5003 for 4% for 60 days ; 5004 for 3% for 90 days and 5005 for Net 180 days.

- I assigned these 5002 to 5005 to 5001 with say 25% instalment each in OBB9.

- Now I assigned this 5001 payment term in the Vendor Master.

- Posted new FB60 invoices with say 01st Oct 09 as Document Date with say Rs. 25000/-

- Now, I have to make the payment to the Vendor on say 15th November 2009.

- So ideally I am eligible for 4% discount on Rs. 25000/- since I am paying after 30 days and before 60 days.

- I am posting through F-53 with 15.11.2009 as the document data, and now the system is not calculating discount for the first instalment of 25% instalment and for the next 25% the discount is calculated @ 4% on 25% only.

- Now my requirement is to calculate 4% discount in Rs. 25000/-.

Can any one suggest the required approach.

Vikas

[Former Member]

Hi Vikas,

Are you able to figure out a solution to it. If yes, can you please explain me here. Thank you!

Regards,

Jalendhar

[ravi_nagh]

Hi,

Unfortunatelly payment terms in OBB8 is working as designed and the functionality cannot be enhanced. In the standard system you cannot add additional levels in the transaction OBB8.

Instead you can check the option of using Terms of Payment for Installment Payments (transaction OBB9). Terms of payment for installment payments are made up of individual terms of payment. An individual payment term can be assigned to each installment. When you post an installment payment, the total amount is split up into individual items for each installment and each installment

is calculated with the relevant payment term. For more information on maintaining terms of payment, refer to the Implementation Guide for Accounts Receivable and Accounts Payable.

The terms of payment key can determine the following:

-The valid cash discount rate for an individual payment with a maximum of 3 payment terms (first cash discount period, second cash discount period, and due date for net payment) and also a baseline date for the payment

-The terms of payment for installment payments.

You define the following for the terms of payment key for installment payments:

- Sequential number of the installment

- Percentage rate for the installment

- New terms of payment key for the installment item

The percentage rates you specify must total 100%.

Example

Suppose you can create payment term NT30 (30 days net), NT60 (60 days net), NT90 (90 days net).

Installment terms of payment

RT01 1 30% NT30

RT01 2 30% NT60

RT01 3 40% NT90

I hope this helps.

Regards

Ravinagh Boni