Skip to Content
author's profile photo Former Member
Former Member

payment terms on vendor master

Hi experts,

in vendor master we maintain payment terms at accounting view and purchasing view,

both are mandatory to set or only one at accounting view is mandatory?

is it possible to change payment terms at purchasing view apart from payment terms set in accounting view ?

if we set at accounting view only is it available for all purchase orgs ?

if we give it in both which one is prioratised ?

please clarify in this asap,

will reward points

Thnaks & regards

Add a comment
10|10000 characters needed characters exceeded

Related questions

2 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Nov 22, 2007 at 06:12 AM

    Hi Lakshmi

    Accounting data is maintained for a company code.

    Purchasing data is maintained for a purchase org.

    Payment term in Accounting data can be different from Purchasing data.

    If you try to create purchase order the payment term from purchasing data will be copied to your PO.

    But if you try to post a vendor invoice using FB60, then the payment term from accounting data will be copied to your invoice.

    Regards

    Rajesh

    Do reward if useful...

    Add a comment
    10|10000 characters needed characters exceeded

  • Posted on Nov 22, 2007 at 08:48 PM

    There are many invoices coming into a company for which you will never create purchase orders. Such as from customs, from the electrical supplier, from a restaurant for a business dinner.. For such vendors you do not need purchasing views, hence it is necessary to have a field for payment terms at company code level. You will post invoices with FI transactions.

    It is possible to create POs long before company code data is needed in a vendor master. For a PO you need payment terms, payment terms will only default from purchasing org data to the PO.

    You post your invoice using the invoice verfication transaction of MM: e.g. MIRO in reference to the PO.

    Usually you would have the same payment term at comapny code and purchasing org level for one vendor, as the vendor will not necessarily know if you have SAP and if you order with or without PO.

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.