Advance Payment: Customized T-Code

One of the largest Flavour and Fragrance companies in the world Esteemed company, whose roots in the spice trade can be traced back till 18th century and the company specializes in complete food ingredient solutions right from sourcing of raw materials, extraction, research, formulation, testing and final delivery

• Restricting invoice generation in case advance amount is not received.
• Option to add prospective payment terms which can be added in future, without disturbing the existing program.

• A new custom program has been developed to control the Sales transaction at billing level by tracking the payment received against the respective sale order which includes:
• • CustomT-code for maintaining Payment terms withr espective advance percentage.
  • Custom tables
    • a.for maintaining payment terms and its percentages in order to have the option for adding new entries instead of hard coding the same in the program.
    • To maintain those sale order numbers which are to be excluded from the control.

• Proper tracking of advance payments
• Option for relax the control for exceptional cases or customers.
• Effective Control over payment settlement process.