Payment Terms key and description

[Former Member]

Dear Experts,

Our customer is going to implement fresh in SAP, What should be best way to formulate the payment terms key based on a logic and how should the short text and log text be maintained for payment term. Has any one come across any best practice in this area? If would be great if anyone can provide the exmples file.

Your input is highly appreciated.

Regards,

Madhu

[Former Member · Accepted solution]

Hi Madhu,

As per SAP best practice , it i suggested like this. please refer. http://help.sap.com/saap/sap_bp/BL_ERP606_US/HTML/Content_Library_BL_ERP606_EN_US.htm

NT30	Net due in 30 days	Net due in 30 days	Customer Vendor	0	0
NT45	Net due in 45 days	Net due in 45 days	Customer Vendor	0	0
NT60	Net due in 60 days	Net due in 60 days	Customer Vendor	0	0

But in one our project, I created like this

NT1X  All 1% discount terms, with X as running number

NT2X  All 2% discount terms, with X as running number

NT3X  All 3% discount terms, with X as running number

NT4X  All 4% discount terms, with X as running number

NT5X  All 5% discount terms, with X as running number

Hoe this helps