on 03-04-2010 4:47 PM
Gurus
I need your help in configuring payment terms. I have never done before and dont know how this works.
Below is my case. its quiet complicated as it has multiple rules. Please let me know how to configure this condition.
Due date
if invoice date is 1st-15th, 25th of following month
if invoice date is 16th-31st, 10th of 2nd following month
Discount Date
if invoice date is 1st-15th, 25th of current month
if invoice date is 16th-31st, 10th of following month
example:
invoice dt due dt 1% disc
9th Feb 25 Mar 25th Feb
16 apr 10 june 10 May
Your help is highly appreciated
Regards
Kavana
Hi,
You use the field day limit to seperate the payment condition.You would then have:-
Day Limit = 15
Term 1 1% Disc Fixed Day = 25
Term 2 Fixed Day = 25 Add. Month 1
Day Limit 31
Term 1 1 % Disc Fixed Day = 10 Add. Month 1
Term 2 Fixed Day = 10 Add Month 2
Kind regards
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Dear Kavana,
As Domianic said,you have to create a single payment term (eg.Z001) and assign days limit as 15 & 31 for the same payment term
We will explain you. how to do it...
First create
Payemnt Term : Z001
Day Limit = 15
Term 1 1% Disc Fixed Day = 25
Term 2 Fixed Day = 25 Add. Month 1
Then once again go for new entry and provide the details as
Payment Terms :Z001
Day Limit 31
Term 1 1 % Disc Fixed Day = 10 Add. Month 1
Term 2 Fixed Day = 10 Add Month 2
This is possible in SAP ,as we have created 4 interval for same payment terms.
Do revert for any calrification.
Kind regards
Hi,
You need to post the different Invoices to the vendors, also make sure that you have maintained the payment terms in the Vendor master data which you have already created.
Take 3 vendors for each scenario.
Aslo you have a option to enter the terms of payemnt while posting an Invoice.
Let me know if you need any help.
Buddha
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