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Sunday, May 27, 2012

Functionality behind Payment Term in SAP (Terms of Payment)

Terms of Payment or commonly known as "Payment Term" is one of the key areas used in SD to define cash discount percentages based on the payment due dates for a specific customer.
Based on the way you have customized, the behavior during payment receive will differ. Therefore let's go through the important fields in the "Terms of Payment" customizing to get a basic understanding of how it works together with financial payment receipt.

Happy Reading!!

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