In sap fico what are the terms of payment and where are they stored?
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Answer Posted / Nishant Pratap Singh
Terms of Payment in SAP FI-CO (Financial Accounting & Controlling) refer to the conditions under which a customer or vendor pays or receives payments. These include details such as discounts, due dates, and payment terms. Terms of Payment are stored in the Account Master record (Konto) for customers and vendors.
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