Interested to Buy Any Domain ? << Click Here >> for more details...
what is payment terms. what is the diff. b/w terms of payment
and payment terms
- 3 Answers
- 8541 Views
- Wipro, I also Faced
- E-Mail Answers
Answer Posted / preethi kadkol
The conditions under which a seller will complete a sale.
Typically, these terms specify the period allowed to a
buyer to pay off the amount due, and may demand cash in
advance, cash on delivery, a deferred payment period of 30
days or more, or other similar provisions.
the differnce between terms of payment & payment terms is
terms of payment is depend on suppliers policy.
payment terms is depend on purchaser policy
| Is This Answer Correct ? | 3 Yes | 2 No |
Post New Answer View All Answers
What is the document change rule? : fi- general ledger
What are the requirement of using dunning?
What are the ‘submodules’ within fi?
What is the use of value field in the co-pa module? : cost center accounting
What are field status groups?
What is clearing? : fi- general ledger accounting
How is account type connected to document type? : fi- general ledger accounting
What happen if company were Implemented only FICO module and what is the disadantages?
Can we change price control from S to V in mid of the year, If we can change what is the process steps we will follow from CO end?
What is BBP for an SAP FI consultant? p,lz answer it , maximum company ask dis as the first question.
What is awb? What is its purpose?
What are the statistical internal orders?
Outline credit management in sap? : fi- accounts receivable
What is known as a depreciation run in sap? : fi- asset accounting
1. I want to create an installment method payment term whereby my customer pays 50% as Advance Payment & 50% Net 45 days. How to configure the 50% advance payment term in OBB8 as system does not take negative days say -1 . I have created Z100 as 50% Advance Payment & 50% Net 45 days, Z101 as 50% Adv Pyt and Z102 as 50% Net 45 days in OBB8 and then assigned the same in OBB9 to Z100, 1, 50%, Z101 and Z100, 2, 50%, Z102. But the payment terms Z101 should be having -1 days instead of 0 days. How to configure this or achieve the payment term of advance payment? 2. My purpose is that during FB70, I should get a warning message that advance payment has not yet been received for this customer having this installment payment term Z100. It should not let me post the invoice unless 50% adv pyt has been received. At present we are not using Down Payment functionality. But I assume that without the Down Payment functionality the same cannot be achieved. Please confirm this. How can I achieve the above requirements? 3.Dear Group - Our Purchasing Dept has asked me to create a new payment term with the following terms: "Payable 90% upon delivery, 60 days net, 10% upon acceptance, 60 days net". So when we receive the invoice, we get a 10% discount off the total price, due within 60 days. The balance is due 60 days after that. Any ideas on how I would configure this using transaction OBB8. IT IS VERY URGENT FOR ME KINDLY SEND ME THE ANSWER ON MY E.ID-sahu.suryakanta@hotmail.com.
