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Former Member

Payment Term days

I want to create two payment terms like this:

L/C 90 days from shipment date

L/C 60 days from shipment date

On similar issue, it is seen that the above like terms are maintained just for a description only. No days are mentioned in the no. of days field in the payment term. Is it true ? Should I maintain the days viz. 90, 60 etc. in the payment terms ?

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4 Answers

  • Best Answer
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    Former Member
    Posted on May 04, 2011 at 10:50 AM

    Hi,

    Please check from which date they are calculating the LC days, either from document date or posting date.

    After that you discuss with your core team and explain then create the payment terms similarly with the stated ones.

    thansk & regards,

    shashi kanth.

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    Former Member
    Posted on May 04, 2011 at 11:06 AM

    Hi

    Yes, you should give the no.of days.as per your requirment.

    this is procedure to create : If shipment date =posting date , in OBB8 T.code as per your requirment create the Payment terms as per below Give the new variant and in sales text give it net 90 or net 60,in accout type select customer or vendor which is applicable as Per your client. in default for baseline date select Posting date if =shipment date (Cross check with your client)

    and in Payment Terms under No. of Days give 90 and save. create another PT for 60 Days in the above way.

    Hope the above will help you .

    Thanks

    Goutam

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    Former Member
    Posted on May 04, 2011 at 12:55 PM

    thanks

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    Former Member
    Posted on May 04, 2011 at 12:56 PM

    Hi Nikitha,

    Please note how the Payment terms work..

    when we say a Payment is due on 90 days or 120 days, then, these days are from a certain date which is known as Baseline date in SAP. This baseline date can be configured in 4 ways:

    1. Document date

    2. Posting date

    3. Entry Date

    4. No Default : This means that the baseline date has to be entered manually by the user at the time of entry.

    'You wrote On similar issue, it is seen that the above like terms are maintained just for a description only' so it is not a standard that it is maintained for description only. If your payment term is 90 days from the Shipment date, then the most imp question is what is the shipment date and how will this be captured at the time of posting. If your posting date/Document date/entry date is the shipment date, then configure baseline date accordingly in OBB8 and then enter 90 days also, in this way system will calculate due date accordingly. If any of these dates are not the shipment date, then you need to derive the shipment date in Baseline date field by way of some exit and then due date will be calculated as Baseline date + 90 days

    Hope this helps..

    Regards,

    SAPFICO

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