Payment Terms for Credit memos

Question

Hi,
Please explain to me what is the significance of payment terms in credit memo. I understand that credit memo are sort of returns (sales returns or purchase returns). I am able to understand the payment terms for an invoice (which would determine the due date for the receivables and payables). But I am not able to understand the use of payment terms in credit memo...
Please assist.
Thanks in anticipation
Satya

Answer 1

Hi Satya
A credit Memo without an Invoice Reference is always due on the Baseline Date (the Exceptions to this are Credit Memos which have an explicitly-stated Value Date):this Logic was introduced starting  from Release 3.1I.
Details in Note 79871 and 84137.        
As a result, it is due immediately at baseline date.                  
Summary:                                                              
1. Credit Memo with Invoice Reference have the same Terms of Payment  and Baseline Date as the Invoice.                                                                               
2. For the Credit Memo without Reference to an Invoice, there are 2 methods available for choosing the due Date :                      
a) The Due Date for Net Payment (RFPOS-FAEDT) is identical to the  Baseline Date for Payment (BSEG-ZFBDT). The Period for Net Term or the Term of Payment is not taken into Account. This is the Default.
b) Or the Credit Memo is due based on the Payment Terms. For this, you must enter the Indicator "V" in the Credit Memo Field BSEG-REBZG  "Invoice Ref", in addition to the specified Payment Method.        
   You can modify this Field for the Credit Memos already posted.     
   => the above Details are documented in the Help F1 behind the  "Invoice Ref" Field.                                                                               
Hope it answer your question                  
Kind Regards
davide