Create a payment plan position for a PO

Use the Payment Plan relational tab to create payment plan positions for a Purchase Order (PO). Payment plan positions are the installments in which the price for the ordered goods and services are paid. For each installment, you can define the payment date along with the amount to pay. You can calculate the size of the installments as a fixed amount or a percentage of the total PO value.

You cannot send the PO for approval unless the sum of all the installments equals the total PO value. If the total PO value changes after defining a payment plan, ensure you subsequently adjust the plan.

You cannot add or delete any installments in the payment plan after you submit the PO for approval. You can modify or delete an installment in the payment plan if no invoice is cleared for the installment.

1. Navigate to the s50018 Purchase Order screen.

2. To refresh the screen, select the F5 key.

3. In the Purchase Order Header grid, select a row.

4. Select the Payment Plan tab.

5. On the Home menu, in the Record group, select Create.

   In the grid, a blank row is created.

6. Perform the following:

   1. In the Pay Plan ID field, enter a unique number to identify the payment plan position.

   2. From the Payment Date dropdown, select the due date for the installment payment.

   3. In the Description field, enter the description of the payment plan position.

7. Perform one of the following:

   • To calculate the installment amount as a percentage of the total PO value, perform the following:

     1. Select the P checkbox.

     2. In the Percentage field, enter the percentage of the total PO value to pay in the installment.

   • To calculate the installment using specific amounts, in the Amount field, enter the amount to pay in the installment. The currency for the amount is same as the PO currency.

8. (Optional) Enter the relevant details in other fields as required. For more information on all the fields, see s50018 Field descriptions.

   The payment plan position is created.

After you define the payment plan positions for a PO, you can recalculate, approve, or unapprove the payment plan positions. For more information, see Recalculate a payment plan position, Approve a payment plan position, or Unapprove a payment plan position.

In addition, you can exclude a PO position from the payment plan calculations. For more information see Exclude a PO position from a payment plan.