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Payment terms

Former Member
0 Kudos

Dear Gurus,

I have identified two payment terms LC00 and LC02, which are of L/C at Sight. My questions are

1) What is the difference between both of them?

2) for both of them, the payment term calculation takes into consideration the Goods Reciept date or Invoice Date or Bill of Lading Date?

Thank you for your responses.

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hi

Kindly chek in the below path

IMGMaterial management->Purchasing-->Vendor master->Define terms of payment

Regards

Damu

Answers (1)

Answers (1)

Lakshmipathi
Active Contributor
0 Kudos
I have identified two payment terms LC00 and LC02

Do you mean to say that both are "LC at Sight" ??

the payment term calculation takes into consideration the 
   Goods Reciept date or Invoice Date or Bill of Lading Date?

If the terms is LC at Sight, billing date should be considered.

thanks

G. Lakshmipathi