What is difference between "terms of payment" and "payment
terms"
Fields are available in vendor master purchasing view and
accounting view respectively. System can take two differnt
values for same vendor? why different values are maintained?
Answer Posted / mahesh. vadlamani
Payment terms are the conditions between the vendor and
purchasing group where as payment terms are between the
vendor and the accounting dept and that comes to fico part.
ie the payment have to be done in what proportion with time
lag. So both are different and the system taking accordingly.
| Is This Answer Correct ? | 3 Yes | 5 No |
Post New Answer View All Answers
What are the types of industry sectors defined in material master data?
How is the vendor returned processed without a purchase order reference?
What do you mean by material type?
What are purchasing information records?
What is the difference between mara and mark?
What is a cost center?
Why is batch record important?
What is cbp?
Explain the 'purchasing organization' in sap?
State the importance of the vendor evaluation in the purchase department?
Difference between planned delivery time and gr processing time?
For creating a purchasing info record what are the pre-requisites?
Explain the basic 'organizational structure' in mm?
Explain rtp
If the recruiter is expecting thorough Knowledge\exp on the following topics:- o Material master o Vendor master o Purchasing o Release strategy o Inventory management What type of questions can i expect ? Please mention some important questions