What is difference between "terms of payment" and "payment
terms"
Fields are available in vendor master purchasing view and
accounting view respectively. System can take two differnt
values for same vendor? why different values are maintained?
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Answer / harish pushola
major defference between
terms of payment is depend on suppliers policy.
payment terms is depend on purchaser policy
| Is This Answer Correct ? | 21 Yes | 3 No |
Answer / anil shetty
If you maintain terms fo payment in purchasing view,it
takes/fetches the data from purchasing view.Related to
purchase organization
If you don't maintain in purchasing view it fetches the
data from company code,which is is maintained in accounting
view payment terms.Related to company code
For your information,it doesnot pick both the terms.Infact
it is a hierarchy.
| Is This Answer Correct ? | 10 Yes | 5 No |
Answer / sanjeev srivastava
Basically termof payment mean the payment term defined in
the system for purchasing any item.
whereas payment terms mean the term on which supplier is
agree to supply the goods.this is actual terms for payment
on which finance will pay accordingly.
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / venu
If we have payment terms in both purchasing and accounting view first priority goes to purchasing view payment terms (i.e..copy to invoice )
If we are entering gr with out po then accounting view payment terms will be considered
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / m.mubarak basha
major defference between
terms of payment is depend on suppliers policy.
payment terms is depend on purchaser policy
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mahesh. vadlamani
Payment terms are the conditions between the vendor and
purchasing group where as payment terms are between the
vendor and the accounting dept and that comes to fico part.
ie the payment have to be done in what proportion with time
lag. So both are different and the system taking accordingly.
| Is This Answer Correct ? | 3 Yes | 5 No |
Answer / harish pushola
yes system can take two different values for same vendor,
becouse value depend upon purchase order,but system take
cast of WAC.
| Is This Answer Correct ? | 1 Yes | 6 No |
Answer / anil shetty
Terms of Payment may be 100 depending on the
configuration,configured depending on the Business
requirements.
When it comes to accounting view,it is only one.You have
select one from the drop down menu.
This is the payment condition with the Vendor.
| Is This Answer Correct ? | 2 Yes | 12 No |
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