Std Payment Terms in SAP

Question

Hi
Wat are all the std payment terms in SAP.
Vijay

Answer 1

Dear Vijay,
The payment terms are, simply the instruction(eg.,when to pay, how much % to pay) for the finance department to pay the vendor.
Based on the payment terms defined in the PO, the Accounts will process the payment to the vendor.
In another example, for a VendorA - Payment needs to be made immediately after Delivery,
In second case, for a VendorB - Payment needs to be done only after Quality Acceptance. This is purely based on the terms and conditions negotiated with the vendor and the same to be communicated to teh accounts for effective Supply chain Process.
Please refer some of the Payment terms defined below:
0001     Payable immediately Due net
0002     fixed date
0003     Within 14 days Due net
0004     Payable immediately Due net
     Baseline date on End of the month
0005     Payable immediately Due net
     Baseline date on 30 of next month
0006     Before End of the month 4 % cash discount
     Before 15 of the next month ;; 2 % cash discount
     Before 15 in 2 months Due net
0007     Before End of the month 4 % cash discount
     Before 15 of the next month ;; 2 % cash discount
     Before 15 in 2 months Due net
     For incoming invoices until 15 of the month
     Before 15 of the next month ;; 2 % cash discount
     Before End of the next month ;; Due net
     For incoming invoices until End  of the month
     Before End of the next month ;; 2 % cash discoun
     Before 15 in 2 months Due net
0008     For incoming invoices until 15 of the month
     Within 14 days 2 % cash discount
     Within 30 days 1.5 % cash discount
     Within 45 days Due net
     Baseline date on 30 of the month
     For incoming invoices until End  of the month
     Within 14 days 2 % cash discount
     Within 30 days 1.5 % cash discount
     Within 45 days Due net
     Baseline date on 15 of next month
0009     Payable in 3 partial amounts
     1 installment: 30.000 % with payment term 0001
     2 installment: 40.000 % with payment term 0001
     3 installment: 30.000 % with payment term 0001
Hope this helps.
Njoy SAP
-Saravanaganesh