Hi ,
This below info explains in detail about, How do you handle vendor installment payment terms in SAP R/3.
It would be very helpful for both MM/FICO Consultants.
Installment payment terms
1 VENDOR PAYMENTS IN INSTALLMENTS
2 INSTALLMENT PAYMENTS
2.1 CREATE ‘MAIN TERM’
2.2 CREATE ‘INSTALLMENT TERMS’
2.3 DEFINE INSTALLMENTS
2.4 ENTER THE NEW PAYMENT TERM IN THE VENDOR MASTER
2.5 TEST HOW THE PAYMENT TERM WORKS
3 AMOUNT SPLIT
3.1 TEST THE AMOUNT SPLIT
1 Vendor payments in installments
You want to make vendor payments in installments. How do you handle this in SAP R/3?
You have two alternatives:
1. Use installment payment terms
2. Activate document split
Of course you can also use partial payments or residual items, but these have nothing to do with payment terms.
2 Installment payments
Instead of entering several line items, you only enter the data for one item. The breakdown is carried out by the system automatically by means of the payment terms.
Configuration
IMG Menu | Financial Accounting → Accounts Receivable and Accounts Payable → Business Transactions → Incoming invoices/Credit Memos → Maintain Terms of Payment |
Transaction Code | OBB8
or SM30 (Customizing Object V_T052) |
You need to create four payment terms. First you create the ‘main term’ for the Installment. Here R001. This payment term is set to vendor master.
The Installments need also payments terms. Here you set the day limits for payments.
In IMG activity Define Terms of Payment for Installment payments you define the percentages and assign the Installment payment to the ‘main term’.
2.1 Create ‘main term’
Press New entries
|
Choose
Save.
Choose Back.
2.2 Create ‘Installment terms’
Press ‘New entries’
Field name | Description | Description | Description |
Payment terms | ZR01 | ZR02 | ZR03 |
Sales Text | 1st installment R001 (15 days) | 2nd installment R001 (30 days) | 3rd installment R001 (45 days) |
Account type: Customer | Selected | Selected | Selected |
Account type: Vendor | Selected | Selected | Selected |
Default for baseline date | Document Date | Document Date | Document Date |
Payment terms: Installment payment | Not selected | Not selected | Not selected |
Payment terms: No. of days | 15 | 30 | 45 |
Choose
Save.
ChooseBack
2.3 Define Installments
IMG Menu | Financial Accounting → Accounts Receivable and Accounts Payable → Business Transactions → Incoming invoices/Credit Memos → Define Terms of Payment for Installment payments |
Transaction Code | OBB9
or SM30 (Customizing Object V_T052) |
2.4 Enter the new payment term in the vendor master.
Ensure that the key is entered in the vendor master record which represents the specified terms of Payment.
2.5 Test How the Payment term Works
CreatevendorinvoicewithtransactionFB60.Foroffsettingpostinguseaccount476000Officesuppliesandcostcenter 1000.UsetaxcodeV0.
Simulate and Post
|
CreatevendorinvoicewithtransactionFB60.
Foroffsettingpostinguseaccount476000Officesuppliesandcostcenter 1000.UsetaxcodeV0.
3 Amount split
Ifyouhave fixedInstallments,youcanusetheInstallmentpaymentterms. However,ifyouneedto changetheamounts,thisisnotagoodsolution.Anychange inInstallmentpaymenttermsorinvoiceplansrequiresadditionalcustomizing.Thereisa waytouseflexibleamountsintheInstallments. EnableAmountSplitin the company codecustomizing.
Amountsplitenablesthesplitofaninvoiceorcreditmemo finalamount.AnewtabAmountsplit will appearonthescreensoftheEnjoytransactions(FB60, MIRO).ThismethoddoesnotworkfortheoldstyletransactionssuchasFB01.)
3.1 Testtheamountsplit
Createanewinvoice forvendor200(paymenttermsR001invendormaster).Opentab Amountsplit.
Youcansplittheamountaccordingtopaymentmethodortermsofpayment.Ifyouhaveenteredapayment method,thisentryhaspriorityoverthepaymentmethodinthetermsofpayment.
Ifnosplitismade–Installmentsaccordingtopaymentterm.
Makefollowingsplit:15000ispaidimmediately(paymentterm0001)and therestwithpayment termZR02.
Simulatethedocument and Post
Thanks,
With Best Regards,
Prabhakar Rao
Senior Consultant SAP MM
HITACHI CONSULTING
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