Scribd Logo
Upload

Welcome to Scribd!

  • 238 views

    OBB8 - Installment Payments

    Uploaded by

    vaishaliak2008

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    OBB8 - Installment Payments

    Uploaded by

    vaishaliak2008
    238 views14 pages

    Original Title

    OBB8_Installment Payments.docx

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    238 views14 pages

    OBB8 - Installment Payments

    Uploaded by

    vaishaliak2008

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 14

    INSTALLMENTS PAYMENT - Payment

    Terms & Document Split


    created by Suman Sardar on Sep 27, 2012 6:15 PM, last modified by Suman Sardar on Jul 31,
    2013 10:49 PM
    Version 2
    inShare3

    In SAP we can make payments to Vendor or Receive payments fro Customer in


    installments.Below is the SAP standard configuration to do this;

    We have two alternatives:

    1. Use installment payment terms

    2. Activate document split

    1. 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


    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.
    1.1 Create main term

    Press New entries

    Field name Description

    Payment terms R001

    Sales Text Inst. pymnt terms 3 part. amnt

    Account type: Customer Selected

    Account type: Vendor Selected

    Default for baseline date: Document Date

    Payment terms: Installment payment Selected

    Choose Save.

    Choose Back.
    1.2 Create Installment terms

    Press New entries

    Field name Description Description


    Description

    Payment terms ZR01 ZR02 ZR03

    Sales Text 1st installment 2nd installment 3rd


    installment

    R001 (15 days) R001 (30 days) 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.

    Choose Back
    1.3 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


    Select New entries and enter definitions for payment term R001. Enter the percentages and
    payment terms for the Installments (ZR01-ZR03).

    Define your partial amounts in percent for each terms of payment key affected. Make sure
    that you number the individual partial amounts consecutively.

    1.4 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.
    1.5 Test how the payment term works

    Create Vendor Invoice where we find the Installment as Split line item in the Simulation.

    Simulate the posting


    We can see that the invoice is divided in three Installments with their own due dates.

    2 Amount split

    If you have fixed Installments, you can use the Installment payment terms. However,if you
    need to change the amounts, this is not a good solution. Any change in Installment payment
    terms or invoice plans requires additional customizing. There is a way to use flexible amounts
    in the Installments. Enable Amount Split in the company code customizing.
    Amount split enables the split of an invoice or credit memo final amount. A new tab Amount
    split will appear on the screens of the Enjoy transactions (FB60, MIRO). This method does
    not work for the old style transactions such as FB01.)

    2.1 Test the amount split

    Create a new invoice for vendor 200 (payment terms R001 in vendor master).
    Open tab Amount split.

    You can split the amount according to payment method or terms of payment. If you have
    entered a payment method, this entry has priority over the payment method in the terms of
    payment.

    If no split is made Installments according to payment term.


    Make following split: 15000 is paid immediately (payment term 0001) and the rest with
    payment term ZR02.

    Simulate the document


    3 Customer Invoice Installment

    The same way Customer Billing document account will Split using the Payment Term
    configuration.

    This is one of the important features of Payment Term configuration.

    Regards,

    Suman Sardar

    You might also like