Term of Payment in Vendor master

In vendor master ,why are we maintained the Term of Payment in two diffecent place one is Accunting and other Purchasing view?
I cant understand why are we maintain the same thing in diffrent place in same master data.Please explain in detail.

Payment terms defined in different views of vendor master will used in particular modules only.
In MM module,payment terms defined in purchasing view is used in purchase order,LIV.
Whereas payment terms defined in accounting view is used in FI module(invoice using F-43,FB60 etc.,)

Similar Messages

  • Terms of payment in vendor master

    Can we have different terms of payment in vendor master? if yes what is the use of it?

    you can have payment terms at company code level and payment terms at purchasing org level.
    Company code level payment terms come into the game if finance posts invoices for which you do not have any purchase order.
    In a purchase order the payment terms from purchasing org view are taken.
    2fields are needed because vendors like a restaurant may not need purchasing views, you never create a purchase order. But finance may have to pay a bill.
    And the other way around, you may have vendors with purchasing view, that do not need company code data, as they serve only purchasing needs as order address or goods supplier, but the invoice is posted to the main vendor.

  • Blocking payment in vendor master,

    Dear  All,
    Please explain me how to block vendor payment  in vendor master,
    thanks

    Hi,
    you can set it in the vendor master record on  screen 'Payment transactions Accounting'
    For your information reffering to the IV process, payment block and payment method is derived from                
    payment term instead of vendor master. Please check with OBB8, " pmnt                 
    block/ pmnt method default".                                                                               
    For more information about this, please refer to the notes 322430                 
    and 177224.                                                                               
    If the vendor is blocked, automatic payment program (F110) will not                   
    pay the vendor during the payment run. You can find more information in               
    F1 help of "payment block" field in master data (LFB1-ZAHLS).                                                                               
    MIRO is strictly PO-bases, the payment terms are copied from the PO                   
    rather than from the vendor master. The business reason is, that the PO               
    represents the contract between vendor and customer including the terms               
    of payment.                                                                               
    Best regards
    Erika

  • Payment Terms not copied from Vendor Master to PO

    Hello,
    PO was created for a Vendor and Vendor master has the correct payment terms but they did not get copied to the PO. 
    Thanks
    Megha

    Hi Megha,
    Did you maintain the payment terms in the Purchasing area of the vendor?
    SAP says
    Master records have separate areas for Financial Accounting, Sales, and Purchasing. You can specify different terms of payment keys in each of these areas. When you then enter a business transaction, the application in question will use the key specified in its area of the master record.
    Thanks
    Aravind

  • Payment terms in PO and vendor master

    PO should be able to override payment terms of the vendor master when a payment term in PO is different from the payment term in vendor master.How do I make it work?
    Regards - SS

    Payment trerm of the PO can not be overwrite the payment temr of the vendor master becuase the vendor master is master data and Po is transaciton data.
    you can over write the payment term of the vendor master defualted in the PO but not other way around.

  • Payment Terms should come from vendor master data

    When we create a new contract (ME31K) Z0NQ for the vendor  XYZ by default the payment terms that the contract retrieve is 1131, but in master data (XK03) for vendor XYZ I have payment terms 1011 defined.
    I already checked it in Purchase organization and CCode level.
    Please advise. Thanks!

    It should come from vendor master only butmake sure that you are creating cintract based onthe RFQ or some use exit is avtive for that.

  • Change in Terms of payment for Vendors / Customers

    Dear Friends,
    If the Terms of Payments are changed in Vendor / Customer master data then what will be the effect on below situation :
    1.   How will any open Purchase Orders and any open Sales Orders be updated?
    2.  How will processed, yet open customer invoices and vendor invoices be updated?
    Please share your views on above.
    Regards,

    Hi Bidyut,
    SAP works on very clear philosphy known as changes with prospective effect.
    When you create a Purchase order or Sales order, this import Payment term from Purchasing area (not from Payment TAB) and sales area. In case you change the payment term in Vendor/Customer master, the invoices created taking the reference of the already created purchase/Sales orders will still have the old Payment Term.
    But the payment term field is editable so if you think these are not correct, you can change the payment term in PO/SO and even in invoices anytime but useful only if changed before they are paid.
    Hope this answers your query.
    Regards
    Bharat

  • Automatic Payment Program / Vendor Master Bank Details

    Hi All,
    in Vendor Master we have bank details section.for the vendor to be picked in APP, There the bank should be maintained, which is maintained in FBZP. Please correct me if I am wrong.
    Does the Payment Method have any role to play here?I mean if the payment method is Q(cheques) , is it not needed to maintain  the bank details in Vendor Master?
    Regards
    Rudra

    Hi Rudra,
    your Question:-
    in Vendor Master we have bank details section.for the vendor to be picked in APP, There the bank should be maintained, which is maintained in FBZP. Please correct me if I am wrong.
    In FBZP, we maintain the Bank Accounts which we own and in vendor master we enter the Bank Account No.'s held by the vendors with their banks and this has got nothing to do with House banks that we maintain in FBZP. In some of the cases, the bank key may play a common role.. but this also depends upon bank key, its usage, design etc..
    Does the Payment Method have any role to play here?I mean if the payment method is Q(cheques) , is it not needed to maintain the bank details in Vendor Master?
    In FBZP, go to Pmt methods in a country.. There you will find a section which says, "Required Master Record Specifications". In configuration, you define for a Payment method, what the system should check, so if you have specified against a Pmt Method, that Bank Details>Account Number Required is a mandatory field, then system will check otherwise not. Usually, in case of Checks, we do not tick this as Vendor Bank Account No. has no relevance in case of check payment.
    Regards,
    SAPFICO

  • Why we should not assign WHT Code for Payment in Vendor Master

    HI
    I have doubt re WHT.  When WHT Types for Invoice and Payment are assigned in Vendor Master, Why Its suggested to maintain WHT Code only for Invoice, why not for Payment. Pls clarify my doubt.
    Thanks

    Dear
    It all depends upon the situation.  Sometimes we may pay advance to the vendor.  At that time, if we need to deduct tds then we need to incorporate payment tax code in the vendor master.  Sometimes we may do either fb60/MIRO and at that time we need to deduct tax then we need to incorporate invoice tax code in the vendor master. 
    There might be different orders on the same vendor and there might be different areas operating the same vendor for invoice booking/payment.  In such situations, we need to maintain both invoice tax code and payment tax code in the vendor master since tds need to be deducted at the time of invoice booking or payment to vendor whichever is earlier.
    When first advance payment is made  to the vendor and when tds amount is deducted, then at the time of making MIRO we need to remove invoice tax codes so that tds is not deducted twice.
    Hope the above clarifies.
    Regds

  • Individual payment in vendor master

    hi,
    if this is NOT ticked, what is the implication during F110?
    i read FI but not quite clear.
    thanks
    rgds

    Hi,
    A tick on this would mean all the open items for a particular vendor are paid individually.
    For eg, if you have 10 open items,
    - If this is ticked, you will have 10 payment documents and 10 cheques
    - If this is not ticked, you will have one payment document and one cheque for all open items.
    The second option is advisable always.
    Caio
    Raghu

  • Terms of Payment Not Flowing in P.O from Vendor

    Hi Experts,
    My client has different Terms of Payment for different Vendors, and those required Terms of payment has been created.
    And when i am Creating a vendor from Vendor Master and maintaing the terms of Payment in Vendor master and raising a P.O the assigned Terms of Payment in Vendor Master is not picking in P.O automatically. Could any one suggest any settings are required to pick or flow the maintained terms of payment from Vendor master to Purchase Order ?
    Please advice your Valuable inputs.
    Best Regards
    Javeed
    Please suggest your Valuable input on this.
    Best Regards
    Javeed

    Hi,
    1] You can create PIR for that vendor and maintain the required payment term.
    This payment term will automatically picked up in PO because highest priority is always given to PIR
    2] You can also maintain the payment term in personnel settings
    3] Also you can maintain payment term for a particular vendor plantwise. in short if you are raising a PO for a particular vendor from plant say XXX, that payment term for that plant will be automatically picked up in the po. Following is the procedure for the same
    Display vendor
    Go to PURCHASING DATA
    EXTRAS
    ADD PURCHASING DATA
    TICK DATA RELEVANT AT PLANT LEVEL ALLOWED
    ENTER
    EXTRAS
    ALTERNATIVE DATA
    CREATE
    ENTER PLANT
    TICK PURCHASING DATA
    ENTER
    NOW YOU CAN SEE PLANT BELOW PURCHASING ORG. VG00
    NOW CHANGE PAYMENT TERM.
    Amol

  • Default Incoterms & terms of payment - PO

    Hi Experts,
    I have created the SC with prefered vendor, which will converted to fixed vendor later in SC using the doc change BADI.
    But the issue is there when the SC is converted into PO after approval, not populated with default incoterms and terms of payment from vendor master.
    However it is defaulting correctly when the PO is being created from the SC with contract and changing the vendor of the PO.
    Can any one let me know the cause for this issue?
    <<Text removed by moderator>>
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    Thanks & Regards,
    Pushparaj S.
    Edited by: Matt on Oct 26, 2010 9:07 AM

    >
    Pushparaj Susaraj wrote:
    > Hi Muthu,
    >
    >
    > This is for your information that my SC & PO has both prefered vendor 39 & fixed vendor 19 in BBP_PD. Is it correct?   -
    it is due to your logic 39 to 19 conversion logic
    deactivate change badi and create sc you can see only 39 .
    > One more information, that there is no payment terms & incoterms in PO, when I create SC from internal catalog and then PO.
    -- the vendor data  has purchase organisation / payment terms and inforecord .kindly check this combination existing for that vendor in manage business parter tranasation in the web.
    >
    > Thanks & Regards,
    > Pushparaj S.

  • Terms of payment in PO and Schedule agreement

    Dear Gurus,
    Is there any standard setting to update terms of payment without changing the PO and schedule agreement manually. My client wants that they will update terms of payment in vendor master at the first time and create 1 purchase order for the particular vendor.
    Later they will change the terms of payment in vendor master and the same has to picked up in PO automatically without changing the PO.
    Please let me know if there is any standard settings available or any user exit i have to apply.
    Regards,
    mohdsams

    Hi,
    If you have multiple payment term in one vendor then you can not put payment terms in vendor master.
    You put payment terms in at the time of P.O.
    Regards,
    Spradip

  • Payment terms in vendor master record

    Hello,
    How can I make the payment terms mandatory in the vendor master record?
    Thanks,
    Annabelle R.

    Hi,
    Try following :
    SPRO -- Financial Accounting (New)Accounts Receivable and Accounts PayableVendor AccountsMaster DataPreparations for Creating Vendor Master Data--Define Screen Layout per Company Code (Vendors) //Define Screen Layout per Activity (Vendors)
    or alternatively use  tcodes: obd3, ob23 and ob24
    hope this helps
    reg
    dheeraj

  • Payment Terms on PO Header is not coming automatically from vendor master

    Hi Experts,
    I have two plants maintained as vendors in my system. Both have payment terms maintained in the Vendor master (Purchasing as well as Payment Transaction view) but when I create POs (all with the same document type), for one of the vendors, payment terms is being populated automatically on PO header whereas for the other vendor, it does not pupulate automatically.
    I am wondering if there is any other setting controlling this payment term apart from the Vendor master Payment Term.
    Please guide.
    Thanks.

    These plants are under different companty codes. We have custom document type ZNB for the PO. Do I need to check something in Purchasing Info Record or if any other thing setting controlling it.
    Both the vendor masters have the payment terms maintained exactly the same. But, still I am facing the issue.
    Thanks.

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