Stage payments enable customers to pay suppliers before or after the ordered goods are actually received for a purchase order. The payments are spread over a period of time and the amounts must be paid to the supplier on specific dates. The purchase order item’s invoice flow is separated from its goods flow.
The stage payments can include the dates and events for which the supplier must complete specific tasks before receipt of any goods.
Master Data Setup
Before you can use supplier stage payments, you must select the Supplier Stage Payments check box in the Implemented Software Components (tccom0500m000) details session
Supplier Stage Payments Procedure
1) Creating stage payment lines
2) Releasing stage payment lines
3) Invoicing stage payment lines
4) Processing stage payment lines
5) Deleting stage payment lines