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SIMG_CFMENUOLSDOVSE - Define Terms Of Payment

In this menu option, you define the terms of payment for the customer master records required for sales and distribution. Specify the terms of payment in the customer master records. From there, the SAP System automatically copies them into the sales documents at header and item level.

Depending on the item category, the terms of payment can differ at header and item level (see the section "Define item categories for sales documents").

Aspects of accounting such as cash discount periods, cash discount rates and due date for net payment in the invoice are defined and managed in financial accounting (module FI) (see FI section "Define terms of payment").

Using the defined cash discount rate, the SAP System determines the corresponding cash discount amount in pricing for SD documents.

Here, you can also store short texts for the terms of payment which are relevant for sales and distribution. You can then print these short texts on the billing documents.

Bear in mind that the short text for terms of payment in quotations and order confirmations will only be sent by EDI if the day limit is blank. In billing documents the short text will also be sent by EDI if the day limit is not blank.

You can agree on terms of payment with the customer in the SD module separately for each sales area. These agreements may deviate from what is defined in the FI module. The sales area terms of payment are included in a billing document and are transferred to Accounting where they may be overwritten. Considering this, you should work together with Financial Accounting (the FI module) to decide how to maintain terms of payment.

1. Specify an alphanumeric key with up to four characters for the terms of payment.
2. Enter the explanation as a description.
3. Make sure that the key of the terms of payment is entered in the customer master records.