Terms of payments
How are terms of Payment maintained in SAP
Terms of Payment involve the discount payments and the related time frame for payments. The configuration of terms of payments is the same for both A/R and A/P.
The menu path for the same in SAP is
Financial Accounting>Accounts recieveable & accounts payable>Business Transactions>Outgoing Invoices/credit Memos>Maintain Terms of Payment
You can also use T Code OBB8
assign points if the information is useful to you