Interested to Buy Any Domain ? << Click Here >> for more details...
what is payment term? can u please explain brief?
- 3 Answers
- 8815 Views
- CTS, IBM, I also Faced
- E-Mail Answers
Answer Posted / karnmba
payment terms that apply to transactions with customers and
vendors. Enter the payment terms defined here in the master
records of customers and vendors. The payment term specified
here is proposed automatically when you create a master
record. You can then change this data for each customer or
vendor.The payment terms represent the typical agreements
you have with your customers and vendors. Therefore, you do
not have to define this information from scratch for each
customer and vendor.When a purchasing or sales document is
entered for a vendor or customer, SAP Business One
automatically copies the information on the payment period,
price list, and total discount in the document. This
information is used, to calculate the prices for the items,
the due date of an invoice, or the total discount allowed
etc.You can also change the payment term data manually in
the transaction itself if a special agreement was made for
that transaction. In addition, the information on the credit
limit is copied from the payment term to the customer master
record and then to the sales document, and can be used for a
credit check.
| Is This Answer Correct ? | 9 Yes | 0 No |
Post New Answer View All Answers
What do you understand by a line item? : cost center accounting
chart of accounts are created at client level but why we are assigning to Co.cd ?
Explain the importance of the gr/ir clearing account?
What is a 'year shift' in sap calendar?
What are roles you have played in roll out project ?
How do you post cross-company code business area postings?
What is the sap linuxlab?
What is a local currency and parallel currency?
Will pricing be changed for mysap business suite on linux?
Explain revenue account determination in sd? : fi- accounts receivable
What are the major components of the chart of accounts?
What is an asset explorer? : fi- asset accounting
What is cost based profitability analysis? : cost center accounting
if company is incorporated on apr25, how to create a fiscal year with period 1 starting from apr25 instead of apr1? (fiscal year is apr-mar)
what is global company currency and in which case we have to create global company currency 60 as additional currency in OB22?
