Paying Vendor in Installments Using Terms of Payment

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created by Satish Babu on Jul 22, 2013 7:23 PM, last modified by Satish Babu on Jul 22, 2013 8:41 PM

Hi Friends,

In this document I'm going to explain about paying vendor in installments using terms of payment.

In SAP we can pay to the vendor in installments by using payment terms.

Example: Total invoice amount Rs.2000 Dated.01.07.2013 and this amount is paid to the vendor installments as given

below

Installment1 Rs.1000 on 11.07.2013



the configuration required to achieve this is explained below.

Step1. We need to create one main terms of payment in transaction code OBB8 or in the path as shown below

Here select installment payment check box and select base line date as required. Enter the required description as

shown below.

Paying Vendor in Installments Using Termsof Payment

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g Vendor in Installments Using Terms of Pa... | SCN http://scn.sap.com/docs/DO

07-Dec-15



Step2. Create separate payment terms for each of installment and enter the number of days after which the installment

is to be paid as shown below.

Ex. IF you have to pay in 3 installments after every 10 days of baseline date you have to create three payment terms

with number of days as 10,20 & 30 respectively as shown below


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Step3. Assign Main terms of payment to the installment payment terms and define the percentage of total invoice

amount to be paid in that respective installment. Transaction code OBB9 or follow below path.

For example 50% of the total invoice amount is to be paid in first installment(after 10days from base line date), and

remaining amount is to be paid in two half's in the next two installments(after 20 and 30 days from baseline date

respectively).


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TESTING:

To test the above configuration, create a purchase order and enter the main payment terms in the PO header.

then carryout the goods receipt for PO and do logistic invoice verification in MIRO.


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Average User Rating

In invoice simulation observe three line items posted against the vendor.

Also observe accounting document is created with 3 line items, the total amount to be paid to the vendor is distributed as

per the percentage specified and each having separate payment terms and due date as per the configuration

-End of document

Thanks for reading and please share your feedback

1838 Views

Products: sap_erp_logistics_materials_management Topics: enterprise_resource_planning Tags: installments,

terms_of_payment, installment_payment


07-Dec-15



(18 ratings)

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13 Comments

Like (1)

G Srinivas Jul 23, 2013 7:37 AM

Good Work...Keep doing....

Like (1)

Rohit Saini Jul 23, 2013 7:40 AM

This was good knowledge. Thanks.

Like (0)

Satish Babu Aug 17, 2013 5:27 PM (in response to Rohit Saini)

Hi Srinivas & Rohit

Thanks for the feedback

Regards

Satish

Like (1)

Nagendra m Aug 17, 2013 8:56 AM

Valuable information.

Like (1)

Sanjeet Kumar Yadav Aug 17, 2013 11:53 AM

Its good part of payment handling

Regards

Sanjeet Kumar

Like (1)

Satish Babu Aug 17, 2013 5:24 PM (in response to Sanjeet Kumar Yadav)

Hi Nagendra

Thanks for the feedback

Hi Sanjeet,

Yes, this option will give you more flexibility in paying vendor amd that too with very less

configuration...

Rrgards

Satish

Like (1)

Amit Gampawar Aug 20, 2013 7:11 AM

Hi Satish

Very nice document, I tried the same and its working fine.

Thanks for sharing

Regards

Amit Gampawar

Like (1)

Nazeer Shaik Aug 21, 2013 8:34 AM

Dear Satish,

Appreciate your exertions. And looking forward for more documents.

ThanksNazeer


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Like (0)

Satish Babu Aug 21, 2013 9:49 AM (in response to Nazeer Shaik)

Hi Amit and Nazeer,

Thanks for the feedback and appreciation...n will continue to post more in future...

Regards

Satish

Like (0)

Naresh Krishnamoorthy Sep 6, 2013 5:37 AM

Useful One...Many Thanks.

Best Regards,

Naresh K.

Like (0)

Mehmet Ozgur Unal Oct 13, 2014 2:19 PM (in response to Naresh Krishnamoorthy)

Hi Satish ;

It is helpful document for MM/FI integration, keep it up !!

Regards.

M.Ozgur Unal

Like (0)

sana ahmed Oct 14, 2014 2:27 AM

very easy and informative doc...

Like (0)

B V Yadav Oct 14, 2014 6:56 AM

Hi Satish,

Very informative document with well explanation. Thanks for sharing this doc.

Regards,

Venkatesh B


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