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Late payments

Former Member
0 Kudos

Hello,

(I'm new to SAP B1, 2007 A)

I defined a payment term under "Administration -> Setup -> Business Partners -> Payment Terms"

Under "Interest on Receivables" I choose 10% (for exemple)

I defined a new partner with this Payment terms, but i don't know how to make the system calculate the late payement fee (even if i create a new order with late date).

If someone can help me it could be wonderfull

thanks

Accepted Solutions (0)

Answers (2)

Answers (2)

K_Pauquet
Advisor
Advisor
0 Kudos

Hi Mohamed,

the easiest way of doing this is to set up the dunning wizard to calculate late payment fees. The application will not automatically create postings that update the BP balance. If you need late payment fees to show up on the BP balance & in the ageing report, you need to create manual journal entries or service type invoices.

The use of the' Interest % on Receivables' field within the payment terms is not shown in the EES mentioned above, but all pertinent dates & the calculation logic are explained.

All the best,

Kerstin

Former Member
0 Kudos

Hi Kerstin,

You are the authority and Mohamed got the answer from you. Couldn't be better!

You rock Kerstin! Keep those EES's coming.

Former Member
0 Kudos

Hi Kerstin

thank you very much for this post, it solved my problem !

Have a nice day

Former Member
0 Kudos

Hi Laghzali, Welcome to SAP B1 Forums. I am sure you will benefit a great deal from here.

I suggest you go through these two empowerment sessions, and they will answer most of your questions in this area:

https://websmp203.sap-ag.de/~sapidb/011000358700000203912007E/CW10_FIN_Dates_in_SAP_B1.pdf

https://websmp203.sap-ag.de/~sapidb/011000358700000203912007E/CW10_FIN_Dates_in_SAP_B1.wrf

K_Pauquet
Advisor
Advisor
0 Kudos

Hi Syed Aleem,

it's actually the same session, once as pdf for reference & once as recorded webex. Nice to see that it's still used.

All the best,

Kerstin