Maintain Terms Of Payment

OBB8 – Maintain Payment Terms (Customer)

Functionality

This transaction determines the baseline date for customer for payment.We will define rules with which system can determine the required terms of payment automatically The rules are stored under a four character key.
Scenario
We assigned the terms of payment specified to the customer in the master record via the key.The keys and the terms determined with it, are proposed when entering a document to the customer account.We can override the payment terms proposed by the system during document entry posting at the line item level.
Prerequisites
Customer master records.

Menu Path IMG  Financial Accounting(New)  Accounts Receivable and Payable  Business Transactions  Outgoing invoice/Credit memos  Maintain terms of payment
Transaction Code OBB8

Execute OBB8 – Maintain Terms Of Payment


OBB8 – Maintain Payment Terms (Customer)








Update the following fields:

Field Name Field Description Values
Payt Term Code identifying a Payment Term Z001
Sales Text Text for Payment Term 14 days 2%, 30 net
Default for baseline date Posting date Posting date
P Payment Term Term,Percentage,No.ofdays 2.000 % 14
E Explanation Long Text Within 14 days 2 % cash discount