Terms of Payment Fields 

During document entry, terms of payment are affected by the entries you make in the following fields:

These fields are:

Baseline date
The due date for payment is calculated from the baseline date for payment and the required payment date. The system uses the terms of payment and the baseline date to calculate the dates up to which cash discounts can be deducted and the date on which the net item is due. The periods contained in the fields Days/percent for the terms of payment therefore relate to the baseline date. If no periods are specified, the invoice is due on the baseline date.

Payment terms
If you enter a terms of payment key during document entry, the system enters the terms of payment defined for this key in the line item.

Days/percent
The line for terms of payment contains fields for days and percentage rates. Together with the baseline date, the number of days specified determine the date by which the invoice is due. By entering percentage rates, you specify the cash discount percentage rates permitted for each of these deadlines.

The cash discount percentage rates apply to the amount that qualifies for cash discount. This amount is contained in the field Disc.base.