Payment terms for Vendors

Hi Friends,
Can anybody tell me how o do the setting for payment terms as described below:
1. 30 days due from the date of posting
2. 45 days due from the date of posting
3. 60 days due from the date of posting
4. Payment against document
Please advise me on the settings SPRO>MM>Purchasing>Vendor Master>Define terms of Payment.
Thanks & Regards
Satya

Hi
Go to the Define pament terms through the path as mentioned by.
1. Click on New entries
2. Enter a 4 digit Alpha Numeric code
3. Select the account type as vendor
4. In default for baseline data box select Document date if the no of the days are to be from document date.
5. In the payment terms box in S.No.1 in the No. of days column enter the reqd. days and save.
Follow the same for different payment days.
Regards
Dev

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How to download payment terms for vendors?

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I need to download term of payment for vendors.
DNL_CUST_PRICE object only downloads payment terms defined for Customer.
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Hi
Go to the Define pament terms through the path as mentioned by.
1. Click on New entries
2. Enter a 4 digit Alpha Numeric code
3. Select the account type as vendor
4. In default for baseline data box select Document date if the no of the days are to be from document date.
5. In the payment terms box in S.No.1 in the No. of days column enter the reqd. days and save.
Follow the same for different payment days.
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Create Payment term in OBB8,if payment term has more condition's create each payment term in OBB8 and Assign the child Payment term to main Payment term in OBB9.
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How can we block, a particular payment term for a particular vendor.
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If you want to block payment term for "particular vendor" then you need to define a validation rule.
As per my understanding, the link provided by Owen will block term for all vendors.
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Payment terms for different products from a single vendor

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Our client has a requirement to assign different payment terms for different products. Each product he buys from his vendor has it's own payment terms. He wants us to customize in such a way that when he/user enters the invoice, not only the vendor number is shown along with the product name but also the payment terms for that particular product are calculated.
I know that only one payment term can be assigned in the vendor master data. Is there anyway to get around this?
Creating the same vendor multiple times and assign payment terms looks a possible option but that looks quite hectic cause he has close to 1000 payment terms.

Taurian, thank you for that suggestion!
I can maintain as many existing payment terms as the client has with his vendors and let him choose the payment terms at the time of invoice entry.
The only problem is that he might have to change it according to the current market rates for that product. So maintaining any payment term is of little use.
Edited by: Dummy_Variable on Aug 16, 2011 8:26 AM

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My requirement was to update the payment terms in to MK03.
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Function Module for Update Payment Terms in Vendor Master

Hi Guys,
I have to update Payment Terms in Vendor General and Compnr code level by ABAP Program.
If any guys come accross pl help me to send the FM Details.
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I solved myself

FB10 - Default payment term for Credit memo

Hi,
I have question regarding the Payment terms in FB10- Credit memo entry (KG).
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What is wrong with the format in the attached screen shot ?
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Hello guys,
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IS there a way to update payment terms form Vendor Master after copying an Old PO? I know this is pretty standard functionality but just trying to see if we can trick the system,
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Ronnie.

If so then convert this into an error message ensuring that the correct payment term to appear in the message, that the users need not search themselves and find out for updating the payment term
One thing is that there is no configuration available for you take care of this automatically, there has to be user exit solution.

Different Payment Terms in vendor invoice, (with differ. PO)

I will explain with an example to understand better the issue and why this could happen, (for the same Co.Code):
On 05.09.2011, 5203795529 was posted with payment terms D030.
At that time, PO #: 4501105395 was having payment terms D030 while PO #: 4501232207 was having payment term D031.
Invoice 5203795529 was posted successfully.
On 12.09.2011, 5203806574 was posted with payment terms D030.
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Thanks and Regards

Hi Vena,
Originally the error message was:
"Terms of payment in purchase order 4501232207 (always with Payment term D031), differ from current terms"
Message no. M8349
Diagnosis:
The terms of payment in the current invoice differ from those in the current purchase order 4501232207, other terms of payment were stipulated:
Terms of payment key D031
1st cash discount period 31 days 0,000%
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Hi,
can you please test to enter Payment term in Vendor/Customer master in Comapny code in field Cr meno field . Please see below screen shot .
Screen shot is vendor related but you should have same in Customer

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Hello Experts :
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I disagree.
You can supress the field in config.
This is done in configuration. It is in the menu path: SPRO > Financial
Acctg > Master Data > Prep for creating vendor master data > define
screen layout per activity (vendors). Highlight the line: create vendor
(centrally) or company code.
Find your fields and supress it.
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Tina.

Payment terms for Vendors

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