payment terms

[Former Member]

Hi Gurus,

Whats the use of two different payment terms of customer master?

[Former Member · Accepted solution]

Hi Friend,

Payment terms are an accepted payment habit by your company for a customer or a vendor. As we see two payment terms, it’s available in customer master. As a whole in SAP we have three payment terms. One is for vendor master, one is for Customer master and one which is found at accounting level of customer master. All these payment transactions are well defined business relation for payments to vendor or for payments expected from customer.

Here in case of customer master we have payments term defined at sales area level, and if payment terms are missing there it takes from Accenting view of the customer master. And you can consider it as a default data so that if payment terms are missing somewhere it must come from accounting view.

I think it must be clear to you.

[Former Member]

Hello Mercy,

In customer master we have two terms of payment one in sales area data and other in company code data.

Utility of terms of payment in sales area data is that when we create sales order it automatically flows from customer master. If we dont maintain it in sales area data it will not flow in sales order, even though maintained in company code data.

Now we maintain terms of payment in company code data for financial reference as after billing the document goes to accounting department so they refer terms of payment maintained in company code data.

Both terms of payment can be different also. But in normal scenarios both are kept same.

Also, sales area data is created & referenced by sales people, finance people have limited or no access to that.

Same is applicable for company code data. Sales people have no or limited access to it.

Reward points if helpful.

Regards,

Priyanka

[Former Member]

Hi Mercy

The below link will help u

http://www.worldcargoalliance.com/Library/globaldata/payment.htm

Regards