Can anyone explain me the "Payment Terms" feild in VK11 T.code

[former_member549665]

Dear SAP Guru's,

                    Can anyone explain me the "Payment Terms" feild in VK11 T.code (condition record). Why and when is this payment terms used

Regards

Rao

[Lakshmipathi · Accepted solution]

In some cases, payment term would differ for certain material.  In that case, if you maintain in VK11, irrespective of other masters, system will fetch this in sale order at item level.  Needless to mention, Delivery / Billing split will happen based on this.

G. Lakshmipathi

[narasimhulu_konnipati]

HI Rao,

First see in Google before posting any query here.This query discussed in many times.

Thanks,

Naren K

[Former Member]

Hai

               pl check this thread it will solve your doubt

http://scn.sap.com/thread/520416

[Former Member]

Hi,

Terms of Payment is used to specify how the customer will pay for the goods or services redered.

In, VK11, you can maintain the "Payment Terms" that will be different from the customer master. It will be copied into Sales order line level or Delivery document/billing document header level and these payment terms will be used while invoicing the customer.

Thanks

Venkata