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SAP Payment Terms Basics

The document describes how to set up and maintain different terms of payment in SAP based on the baseline date. It provides steps to define terms of payment using No Default, Document Date, Posting Date, and Entry Date as the baseline date. It also shows how to post a vendor invoice and check the net due date in the vendor line item report.

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Yazeed_Gh
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320 views

SAP Payment Terms Basics

The document describes how to set up and maintain different terms of payment in SAP based on the baseline date. It provides steps to define terms of payment using No Default, Document Date, Posting Date, and Entry Date as the baseline date. It also shows how to post a vendor invoice and check the net due date in the vendor line item report.

Uploaded by

Yazeed_Gh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Terms of Payment Basics

Steps :

U001 – 10 DAYS No Default

U002 – 10 DAYS Document Date

U003 – 10 DAYS Posting Date

U004 – 10 DAYS Entry Date

1. Maintenance Of Terms Of Payment – TC – OBB8 ---- No Default


IMG-->Financial Accounting-->Accounts Receivable and Accounts Payable--
>Business Transactions-->Incoming Invoices/Credit Memos-->Maintain Terms of
Payment

Click on "New entries"


Payment terms =

Account type: If we want to use same payment terms for both


Select "Vendor" Check Box Vendor and Customer select both check boxes
Select "Customer" Check Box

Default Baseline Date:


Select "No Default" Check Box

Payment Terms:

Term % No of Days
1 10

Sales Text =
Click on Save

2. Maintenance Of Terms Of Payment – TC – OBB8 ---- Document Date


IMG-->Financial Accounting-->Accounts Receivable and Accounts Payable--
>Business Transactions-->Incoming Invoices/Credit Memos-->Maintain Terms of
Payment

Click on "New entries"


Payment terms =

Account type: If we want to use same payment terms for both


Select "Vendor" Check Box Vendor and Customer select both check boxes

Select "Customer" Check Box

Default Baseline Date:


Select "Document Date" Check Box

Payment Terms:

Term % No of Days
1 10
Sales Text =
Click on Save

3. Maintenance Of Terms Of Payment – TC – OBB8---- Posting Date


IMG-->Financial Accounting-->Accounts Receivable and Accounts Payable--
>Business Transactions-->Incoming Invoices/Credit Memos-->Maintain Terms of
Payment

Click on "New entries"


Payment terms =

Account type: If we want to use same payment terms for both


Select "Vendor" Check Box Vendor and Customer select both check boxes

Select "Customer" Check Box

Default Baseline Date:


Select "Posting Date" Check Box

Payment Terms:

Term % No of Days
1 10

Sales Text =
Click on Save

4. Maintenance Of Terms Of Payment – TC – OBB8 ---- Entry Date


IMG-->Financial Accounting-->Accounts Receivable and Accounts Payable--
>Business Transactions-->Incoming Invoices/Credit Memos-->Maintain Terms of
Payment
Click on "New entries"
Payment terms =

Account type: If we want to use same payment terms for both


Select "Vendor" Check Box Vendor and Customer select both check boxes

Select "Customer" Check Box

Default Baseline Date:


Select "Entry Date" Check Box

Payment Terms:

Term % No of Days
1 10

Sales Text =
Click on Save
‘---------------------------------------------------------------------------------------------
400000 RM Consumption A/c Dr 100
To Vendor A/c (400000) Cr 100

Post 4 Entries
‘---------------------------------------------------------------------------------------------

5. Posting Vendor Invoice – FB60


SAP Menu->Accounting->Financial Accounting->Accounts Payable->Document
Entry->Invoice
Change Company Code:
Edit - Change Company Code
Company Code = Press Enter
Vendor = Invoice Date =
Amount =
Text =
Click on Payment Tab
Payment Terms =

Items
G/L A/c = Amount =
Text =+
Business Area =
Ensure that balance Field should be equal to ZERO
Click on Simulate Button
Click on Save to Post

6. Check Vendor Line Item Report -TC -FBL1N


Vendor account =
Company code =
Select "open items"
Open at key date =
Click on "execute”

Note: Net Due date column

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