PT Sterling Tulus Cemerlang



Sampoerna Strategic Square
South Tower Level 30
Jl Jend. Sudirman No. 45-46
Jakarta 12930 – Indonesia

500+ FREE Tips for you from Sterling Tulus Cemerlang (STEM) - SAP Indonesia Gold Partner, and Become SAP B1 Super User

Defining Payment Terms

SAP Business One Tips Defining Payment Terms

Payment terms represent typical agreements with you and your business partners. This apply to transactions with customers and vendors.

When a purchasing or sales document is created for a customer or vendor, SAP Business One will copy the information like payment period, price list, and total discount into the document. This information is used to calculate the due date of an invoice, prices of items, or the total discount allowed etc.

You can also change the payment term data manually in the transaction itself if a special agreement was made for that transaction. In addition, the information on the credit limit is copied from the payment term to the customer master record and then to the sales document and can be used for a credit check.

Go to Administration > Setup > Business Partners > Payment Terms

Fill all the information you need. For example:

  • Payment Terms Code: Specify code for the payment terms you create. This will appear in the dropdown list of defined payment terms.
  • Due Date Based On: Specify the value date of the invoice which you want to base the installment due date. Posting Date, System Date, or Document Date.
  • Start From: Specify when to initiate payment.
  • Tolerance Days: Specify the number of days to subtract from the calculated due date of the invoice.
  • No. of Installments: Number of Installment for the current payment

If you done, then click Add button. The new Payment Terms is created and will appear in the dropdown list of defined payment terms in the marketing documents.

Also read:

Run Your Business With The Piece of Mind Using SAP Business One

This article was written by PT. Sterling Tulus Cemerlang, SAP Business One GOLD Partner in Indonesia.
More details about SAP Business One,
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