terms of payment

[Former Member]

Wen V creat customer master there r sam option of terms of payment,One in company code data & in sales area data

If I gave different terms of payment for the above two & then saved

Here can U tell me abt which terms of payment will come in existance and why itdoesnt show any error message?

[Former Member · Accepted solution]

Hi

the one which u enter in thas sales area tab page will have precedence

In customer master we have two terms of payment one in sales area data and other in company code data.

Utility of terms of payment in sales area data is that when we create sales order it automatically flows from customer master. If we dont maintain it in sales area data it will not flow in sales order, even though maintained in company code data.

Now we maintain terms of payment in company code data for financial reference as after billing the document goes to accounting department so they refer terms of payment maintained in company code data.

Both terms of payment can be different also. But in normal scenarios both are kept same.

Also, sales area data is created & referenced by sales people, finance people have limited or no access to that.

Same is applicable for company code data. Sales people have no or limited access to it.

regards

[Former Member]

What is the fullform of SPRO & IMG

[Former Member]

Dear Habib

SPRO - SAP Project Reference Object.

IMG - Implementation Guide

Note : Aways create a new thread when u want to post altogether different query than one in the existing one.

Edited by: K.sachin on Sep 24, 2008 3:09 PM

[Former Member]

Hello,

SPRO stands for SAP Project Reference Object.

IMG Stands for Implementation Guide

Prase

[Former Member]

Hello,

Master Records have seperate area for Financial accounting, Sales or Purchase. You can specify different Terms of Payments keys in each of these areas. when you enter any business transaction each area will use the Terms of Payment key in its own area of the master record.

Prase

[Lakshmipathi]

Dear Habib

If you invoice via SD route, system will consider Payment Terms from Sales Area data. If you do invoice via FI route, then it will consider Payment Terms from Accounting view

- VF01 = SD Billing

- FB70 = FI Billing

Also if credit management is activated, system will give priority to what is maintained in Accounting tab

thanks

G. Lakshmipathi

[Former Member]

Dear Habib,

Terms of Payment is nothing but Customer Payment Tems means ofter billing In how many days the customer need to pay

eg., Terms of Payment is 30 days (International Commericla Terms)