Installment Payments (SAP Library - Terms of Payment and Cash Discount)

Installment Payments

Use

If an invoice is paid in installments, you must create several invoice items with the appropriate partial amounts and various due dates when you enter the document. To do this, you either enter several items manually, or enter one item for the total invoice amount and then use a terms of payment key for installment payments.

Features

If the Installment payments field is selected, the following applies to this key:

You cannot define days and percentage rates
You must define the installment terms of payment

You define the following for the terms of payment key for installment payments:

Sequential number of the installment
Percentage rate for the installment
New terms of payment key for the installment item

The percentage rates you specify must total 100%.

Example

The following installment terms are predefined: NT30 (30 days net), NT60 (60 days net), NT90 (90 days net).

Installment terms of payment

RT01	1	30%	NT30
RT01	2	30%	NT60
RT01	3	40%	NT90

You enter the following document line items:

Line items

Amount	Baseline date	Terms of payment	Days 1	Percent. 1
1.000	01.05.95	RT01	0	0

When you post, the system automatically creates the following three items:

Amount	Baseline date	Terms of payment	Days 1	Percent. 1
300	01.05.95	NT30	30	0
300	01.05.95	NT60	60	0
400	01.05.95	NT90	90	0