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author's profile photo Former Member
Former Member

Payment Term

I am a student learning SAP, my homework is to

CREATE VENDOR MASTER RECORD CENTRALLY

My instructor said to add additional payment terms and for our group she assigned 315 net 30.

Can some one first tell me how to interpret 315 net 30 and how to go about doing it in SAP. I have good instructions to Create the Vendor Master Record, but XK01 has Payment Term under Create Vendor: Payment Transaction Accounting, and Terms or payment under Create Vendor Purchasing data.

Hoe do I start?

Thank you.

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  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Oct 13, 2010 at 05:49 PM

    Hi,

    Net 30 Days: Payment of entire invoice amount is required within 30 days from

    invoice date or receipt of goods, whichever is later.

    Regards,

    Shakeel

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  • Posted on Oct 13, 2010 at 04:17 PM

    you can start by posting in the correct forum.

    moved

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