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 Posted / 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 |
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