Title 9. Vendor & Cutomer Terms of payment.pdf ✅

Terms of payment Terms of Payment in SAP define the payment conditions agreed upon between a company and its customers or vendors. These terms determine the due date of invoices, cash discounts for early payments, and other payment-related conditions. ➢ Net 30, Net 45, Net 60: These terms mean that the payment is due 30,45 or 60 days from the invoice date, respectively. ➢ 3/14, 2/30, Net 45: This indicate that the buyer can take a 3% discount if they pay the invoice within 14 days, if they pay the invoice between 15-30 days discount will be 2%, But the full payment is due in 45 days.

Select Control Data. Select create/Bank/Interest Save it.
Create account for cash discount lost.