Installment payment of invoice using payment term full setting with UAT

[Former Member]

Case

Vendor invoice need to pay in 2 installments.

1 installment

1^st installment is 60% of the invoice amount

If paid between 5^th of the next month, will get a cash discount of 2%

Net due date of 1^st installment is 10^th of next month

2^nd installment

2^nd installment is 40% of the invoice amount

If paid between 20^th of the next month, will get a cash discount of 2%

Net due date of 1^st installment is 25^th of next month.

Solution:-

We need to create 3 payment terms

1^st one for 1^st installment conditions

2^nd one is for 2^nd installment condition

3^rd one is for activation of installment process, which one will assign in invoice.

Step 1

Creation of payment term

Creation of 1^st payment term as PT01

Here we fixed the base line date to 1^st of next month .

Get a discount of 2% within next 4 days i.e. 5^th of next month, and net due is after 9 days of base line date i.e. 10^th of next month.

Creation of 2^nd payment term as PT02

Here we fixed the base line date to 1^st of next month.

Get a discount of 2% within next 19 days i.e. 20^th of next month, and net due is after 24 days of base line date i.e. 25^th of next month.

Creation of 3^rd payment term for installment setting as PTIN

Here we only checked the installment payment only

Creation of installment % settings

We will assign 2 normal payment term PT01 and PT02 to installment payment term PTIN with installment number with % .

End user testing

Post an invoice by maintaining the payment term PTIN

We post the document on 26.5.2014

2 document should be post with same document number

1^st will 60% of invoice i.e. 60000, cash dis. 2% within 5.6.2014 and due 10.6.2014

2^nd will be 40% of invoice i.e. 40000, cash dis. Within 20.6.2014 and due 25.6.2014.

Go to t code fbl1n to view the vendor line item

  like this you can break the invoice as much as installment you want  ..............