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Jan 20, 2012 at 06:39 AM

Milestone payment for vendor in project system

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Dear sapient

As per our client requirement vendor payment is based on the basis of milestone i.e activity based. As per the contract agreement payment is made on the basis of certain percentage as mention below.

1st payment 5% of total order value (with out tax)

2nd payment 10% of total order value (with out tax)

3rd payment 65% of total order value (Including tax 100 % )

4th payment 20% of total order value (with out tax)

Is there any standard or workaround functionality available in sap for vendor payment in project system ?

Regards

Soraj