Terms of Payment not working

Question

Dear Friends:
In vendor master, The terms of payment were 0001(Immediate payment) and cr memo terms as 30 days net due.
Using Vendor Credit memo,T.code F-41, I entered the credit memo 40 days back and posted the document.
But when i check the S_ALR_87012083 - List of Vendor Open Items for Printing, the doc.date and due.date are the same.
Please explain why this is happening. The due date should be after 30 days.
Please help to resolve the problem.
Regards
MSReddy

Answer 1

Hi Sridhar,
Following are the rules for payment terms for credit memo.
Invoice related credit memos:
Credit memos can be linked to the original invoice by entering the invoice number in the invoice reference field during document entry.  In this case, the payment terms are copied from the invoice so that the invoice and the credit memo are due on the same date.
Other credit memos:
Payment terms in other credit memos are not valid and are due at the document date.  To activate the payment terms on these non-invoice related credit memos, enter a “V” in the invoice reference field during document entry.
If this credit memo is invoice related, the payment terms will default from invoice.  If it is not invoice related, default date is document date. Enter "V" in invocie reference to activate payment term defined in vendor master.
Hope this helps. Pls. award points if this helps.
Regards,
Chirag