SAP FICO TUTORIALS-
DEFINE TERMS OF PAYMENT-OME2: A Step-by-Step Guide-
Introduction-
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..
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-
-Maintain Fiscal Year Variant (MAINTAIN SHORTENED FISC.YEAR)