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  1. SAP Glossary
  2. Invoicing
  3. payment plan type


What is payment plan type in SAP IS-U-IN - Invoicing?


SAP Term: payment plan type

  • Component: IS-U-IN

  • Component Name: Invoicing

  • Description: User-defined specification of the preset payment plan category. &EXAMPLE& A utility company changes the name of the payment plan category BBP procedure budget billing plan to the one which is used internally, for example AMB procedure average monthly billing.


Smart SAP Assistant

  • Key Concepts: 
    Payment plan type is a component of the SAP IS-U-IN Invoicing module. It is used to define the payment terms for a customer invoice. Payment plan types are used to determine the payment terms for a customer invoice, such as the due date, payment method, and payment frequency. 
    
    How to use it: 
    Payment plan types are created in the SAP system and assigned to customer invoices. The payment plan type defines the payment terms for the invoice, such as the due date, payment method, and payment frequency. The payment plan type can also be used to define discounts or surcharges that may apply to the invoice. 
    
    Tips & Tricks: 
    When creating a payment plan type, it is important to consider the customer’s needs and preferences. For example, if a customer prefers to pay by credit card, then a payment plan type should be created that allows for credit card payments. Additionally, it is important to consider any discounts or surcharges that may apply to the invoice when creating a payment plan type. 
    
    Related Information: 
    For more information on SAP IS-U-IN Invoicing and Payment Plan Types, please refer to the SAP Help Portal or contact your local SAP support team.
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