Payment term config

[Former Member]

hi,

how to configure payment terms for this :

65% on delivery, 20% on installation, 10% on acceptance/commissioning & 5% against bank guarantee/retention with 30 days credit.

Please help me.

Regards,

[Former Member]

Hi,

Simply make Payment term through OBB8 by specifying the Account Type(Customer/vendor).Make a tick mark on "Installment Payment" and make default baseline date as "No default"

Thanks & Regards,

Bijay Pradhan

[jpfriends079]

Hello

Rightly pointed out by Anand, you can use TCode OBB8 for payment terms.

To add it will be installment payment terms, so, you need to create installment in TCode OBB9.

But, why don't you consider Billing Plan in Sales order (milestone Billing).

By that you will have independent payment terms for individual milestones.

Says,

- 65% on delivery - A003: Cheque For Delivery

- 20% on installation - C000: Payment Against Delivery

- 10% on acceptance/commissioning - 0001: Immediate Payment

- 5% against bank guarantee/retention with 30 days credit - C030: 30 Days Credit

I hope this can assist you.

Thanks & Regards

JP

[Former Member]

hi JP,

Thanks a lot , for the first time i am creating Payment terms. what is billing plan , i am doing for MM & FI .

1) in obb8 description is limited to 50 characters and not able to fit in full description , client wants delivery instead of del i,e abbreviations.

2) wat is A003,C000,0001& C030

3) Is that this payment term will get reflected in ME21n , Vendor master if i maintain in Billing plan?

Regards,

[Former Member]

Hi,

GO to SPRO >Materials Management > Purchasing >Vendor Master > Define Terms of Payment > New entry u2013 Create payment terms as per your required.

And during creation of PO you can use same payment terms at Header under Delivery & Invoices tab

Then you can use Report & Transaction ME2DP for Making of Advance Payment Request and processing of Advance Payment.

Rgs

[jpfriends079]

Hello

1) in obb8 description is limited to 50 characters and not able 
to fit in full description , client wants delivery instead of del i,e abbreviations

.

In the standard system you can't do anything about that. But, you have those in your outputs. Take assistance of an ABAPer for this, where you can make necessary changes to output for the same.

Or better you convince you client for Invoicing Plan at PO.

2) wat is A003,C000,0001& C030

These are example terms of payment which you can create (Tcode OBB8) for each Partial Invoicing Plan's milestone.

3) Is that this payment term will get reflected in ME21n , 
Vendor master if i maintain in Billing plan?

Billing Plan are used in SD. For MM, it is Invoicing Plan.

Refer following links for understanding & consult to your MM team member for its feasibility

- [Invoicing Plan in SAP|http://wiki.sdn.sap.com/wiki/display/HOME/InvoicingPlanin+SAP]

- [SAP help on Invoicing Plan|http://help.sap.com/saphelp_46c/helpdata/en/75/ee0d3355c811d189900000e8322d00/content.htm]

And in my opinion, Invoicing Plan is the best solution to your requirement.

Thanks & regards

JP

[Former Member]

Hi

OBB8 - is used to configure the Payment Terms

Regards

Anand

[Former Member]

thanks for the response , inOBB8 how to configure this ?that i want.