payment terms

[Former Member]

Dear sd gurus i have one doubt regarding payment terms

we maintain payment terms in customer master in company code level and sales org level..

and in vk11 also if we maintain vk11 system is taking payment terms only from vk11 not in customer master level

if we not maintained in vk11 then system will take from customer master sales area

then my doubt is what is use of maintaining payment terms in company code level ?

thanks a lot

[former_member184080 · Accepted solution]

Hi Venu,

Let me try to explain based on my understanding and experience.

As you know we can create Invoices via SD as well as FI. When we create billing from SD cycle system takes payment term from customer master sales area.

But, when FI user creates Invoice directly from FI (example FB70) then system takes the company code payment term from customer master.

I hope it answered your question.

Regards, Sai Krishna.

[Former Member · Accepted solution]

Dear sai krishna thank u so much for updating

i have small doubt what is special business process that fi user creates invoice

But, when FI user creates Invoice directly from FI (example FB70) then system takes the company code payment term from customer master.

So plz give businees scenario

thanks a lot

[former_member184080 · Accepted solution]

Hi,

See if the below thread answers your query.

http://scn.sap.com/message/8642409

Regards, Sai Krishna.

[former_member184080 · Accepted solution]

Hi Venu,

Further to my earlier post, few more scenarios.

If Finance team wants to charge over due interest. Cheque bounced charges etc.

Regards, Sai Krishna.

[Lakshmipathi · Accepted solution]

If SD is not implemented but only FI, then in that case, Business will raise invoice through FI.

G. Lakshmipathi

[former_member186385]

Hi,

You can maintain the Payment terms in VK11 if you want the different payment terms at the Line item level

As you know Payment terms can also be maintained at customer master which will be at header and apply for all items in common, but if the company is giving any item as sales promotion for which you need separate payment term

And also if you want to give different payment options for newly launched product, then also we will maintain the payment term in condition record at Vk11

Payment terms maintained at the Vk11 will have priority over Customer Master.

Note:- Based on the Payment terms at Line item, Billing split will happen

regards,

santosh