Terms of payment

[Former Member]

hi Gurus,

When we mainatined term of payment maintained in Customer master.

This have two area:company code area and sales area.

what is the difference of this two area?

Thanks.

[Lakshmipathi · Accepted solution]

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.

a) VF01 = SD Billing

b) FB70 = FI Billing

Also if credit management is activated, system will give priority to Accounting tab in case you maintain different payment terms.

thanks

G. Lakshmipathi

[Former Member]

Hi Kevin,

Depending upon the area/kind of transaction, the corresponding payment terms get copied over. Incase you have a sales document (Order, Delivery, Invoice..etc) involved in your transaction then the payment terms under the Sales Area is copied over to the documents. If no sales documents are involved and you only have a FI posting being done (which is usually done by the FI consultants) then payment terms under the Company Code is copied.

Regards

Nadarajah Pratheb

[Former Member]

Kevin,

Payment terms basically flows in the sales order from PAYER's Customer master record.

When we post invoice into account The terms of payment defaults in invoice....

If you have created this from SD side, it will take from Sales Area view, and if you have created frm FD70 it will take Company code view,

Thanks,

Raja