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Former Member

payment terms

What is the difference between payment terms and terms of payment?

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3 Answers

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    Former Member
    Posted on Aug 14, 2007 at 05:24 AM

    Hi,

    Terms of payment & payment terms is same.

    Regards

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    Former Member
    Posted on Aug 21, 2007 at 06:12 AM

    If you go to T-Code OBB9, you will see that different entries are there for Terms of Payment and Payment Terms. What I have undrstood from it is that all the entries in Terms of payment have installment payment check box checked but for Payment terms it is unchecked and there discount percentage etc are maintained.

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    Former Member
    Posted on Aug 21, 2007 at 06:21 AM

    In terms of payment (T-Code OBB9), we do not maintain discounts. Then we have to specify the number of instalments for which we can give different percentage and different payment terms.

    I hope this helps.

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