Payment Terms in SAP

July 2, 2009 by mySAP
Filed under: Account Payable Module 


What are terms of payments and where are they stored ?

 

Payment terms are created in SAP configuration and determine the payment due date for customer/vendor
invoices.

 

They are stored on the customer/vendor master record and are pulled through onto the customer/vendor invoice postings. The due date derived via the payment can be changed on each individual invoice if required

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Comments

2 Comments on Payment Terms in SAP

  1. Nancy on Thu, 1st Oct 2009 10:38 pm

    2. What does the payment term in P099 mean? 50% prepayment, 50%Tage?

    Not sure what the Tage means.

  2. jm on Wed, 16th Dec 2009 1:04 pm

    3. Hi,

    is ist possibleto use 2 payment terms in one vendor code? or only one payment term per vendor code? Thanks!

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