Difference in terms of payments

while creating any vendor group
we have terms of pmnt in 2 places.
1.  compamny code->pmnt tr.-> terms of pmnt
2. purchasing data-> purchasing data-> terms of pmnt.
what is th difference in these two terms of pmnt in a single vendor account group.
please tell precise answer and use

There is no difference in this terms of payment.. but here the priority rule come into picture,,,, that means the system will consider the terms of payment in priority which is entered during the transaction,, i.e is purchasing data...
if the payment terms are not entered in purchasing data that the system considers the payment terms entered into the coompany code data.
company code data entered is the default data but system consideres the the priority for the transaction and newly entered data...
this both can be same or different... say for example for particular vendor for all transaction u want to use 001 payment terms but for only one transaction u want to use 002 than u need to enter the 002 in payment terms and 0001 in company code data.. system considers the 002 payment term for that particular transaction only....
hope u understand.
reward points
sejal singh

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