How to Define Terms of Payment Using OME2 in SAP – Step-by-Step Guide

SAP FICO TUTORIALS-

Define Terms of Payment Using OME2: A Step-by-Step Guide-

Introduction-

✅ OME2 SAP Terms of Payment Configuration

✅ DEFINE TERMS OF PAYMENT-OME2

Payment terms are agreements between buyers and sellers that specify when and how payments for goods or services should be made. They define the timeline for settling invoices, including details such as due dates, discount periods, and applicable interest rates. Effective payment terms are essential for maintaining healthy financial relationships with suppliers and ensuring timely payments..

✅ Define Terms of Payment in SAP-OME2

✅ GO TO TCODE -OME2

✅ Follow Path-

SPRO --> MM --> Purchasing --> Master Data --> Vendor Master -->Define Terms of Payment-OME2

✅ SELECT-NEW ENTRY -DEFINE YOUR OWN TERMS OF PAYMENT-(IF YOU NEED YOUR PROJECT)

✅ SELECT-0003 -14 days 2 %, 30/1,5%, 45 w/o -DEFINE TERMS- 2.% & 1.5%

✅ SELECT -SAVE-

May Be Like Important Link-

-Define Shipping Point-OVXD

-Maintain Fiscal Year Variant (MAINTAIN SHORTENED FISC.YEAR)

-Chart Of Account-OB13

-Define Financial Statement