Configuring Terms of Payment
Terms of payment is used in SAP to determine the due date and discount calculation. Terms of payment is maintained in vendor master and customer master to default at invoice level however this can be changed at invoice level as well.
Terms of payment is used in SAP to determine the due date and discount calculation. Terms of payment is maintained in vendor master and customer master to default at invoice level however this can be changed at invoice level as well.
- For FI invoices payment terms is defaulted from “Accounting View” for customer and vendor. FB60/FB70
- For Purchasing invoices payment term is defaulted from “Purchasing View” in Purchase Order / MIRO Invoices
- For Customer Invoices from SD side the payment is defaulted from “Sales Data” view.
