Payment Term 40% Advance & 60% Balance through LC - 45 days

[Former Member]

Gurus

Please help me to create a payment term in the following condition:

    40% Advance & 60% Balance through Letter of Credit of 45 days

Thanks

Fahad

[former_member214973 · Accepted solution]

HI Fahad

Sorry for delay.

This type terms defined by Installement terms of payment

Define terms of payment

1.1. Enter Pat Terms -

1.2. Enter sale text-  40% Adv. 60% LC 1

1.3. Select Account Type

1.4. Select Default base line date

1.5. Select Installment payment in payment terms.

1.6. save

1.8. click back

2.1. Define new terms of payment click New Entry

2.2. Enter Pat Terms-

2.3. Select Account type

2.4. Select Default base line date

2.5. Save

Second terms of payment defined for immediate payment (adv pmt)

3.1. Define new terms of payment click New Entry

3.2. Enter Pat Terms-

3.3. Select Account type

3.4. Select Default base line date

3.5. Enter No.of Days - 45 in Payment terms

3.6. Save

Third terms of payment define for due after 45 days.

4.1. go back

4.2. Use T - code OBB9 (define terms of payment installement payment)

4.3. Click New Entry

4.4. Enter terms of payment - define in 1.1

      Inst - 1 (First installement)

     Enter Percent - 40%

      enter payment terms - 2.1 ( payment term define for 40% immediate payment)

Enter terms of payment define in 1.1 

      Inst - 2 (2nd installement)

     Enter Percent - 60%

      enter payment terms - 3.1 (payment term define for 60% LC)

SAVE

Regards

Nakula Das

[Former Member]

Installment payment terms from an FI standpoint.  But if SD and MM then this will mean additiional work is alsso needed with these consultants.

E.g., for SD 40% needs to be paid and an LC received before goods can be sent!!

Regards

Waza