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Object documentationBusiness Partner Master Data: Payment Terms Tab Locate this document in the navigation structure

 

Use this tab to specify the business partner payment terms, which determine the due date of invoices related to the business partner.

To access the tab, choose   Business Partners   Business Partner Master Data   Payment Terms  .

Note Note

This topic documents fields and other elements in this window that either are not self-explanatory or require additional information.

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Payment Terms Fields
Payment Terms

Select the preferred payment terms, or define new ones.

Note Note

If you change the payment terms displayed here, the following message appears:

Overwrite the BP's existing payment terms

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  • To update existing fields according to the new selected payment terms, choose Yes.

  • To leave the data in the existing field although new payment terms were specified, choose No.

Interest on Arrears %

For information purposes, specify the interest rate for delayed customer payments.

Price List

Price list linked to the selected payment terms. If required, select a different price list.

Note Note

Item prices in sales and purchasing documents are automatically taken from the price list selected in this field. Therefore, when you link a certain price list to a business partner, make sure that the item prices are defined in this price list. Otherwise, no price is displayed for the item in documents related to the business partner.

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Total Discount %

Total discount linked to the selected payment terms. If required, you can enter a different value.

Note Note

The discount is automatically calculated as a general discount in all sales or purchasing documents for this business partner.

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Credit Limit

Credit limit linked to the selected payment terms. If required, you can enter a different value.

Commitment Limit

Commitment limit linked to the selected payment terms. If required, you can enter a different value.

Dunning Term

Select a predefined dunning term or add a new term in the Dunning Terms - Setup window.

Note Note

Relevant for customers only.

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Automatic Posting

This field only appears if you selected dunning terms for the business partner. The value is taken from the Dunning Terms – Setup window.

Specify whether to automatically post interest and fee, interest only, or fee only when creating a dunning letter for a customer. If you choose to automatically post interest and/or fee, a service invoice is created in the dunning run that posts the interest and/or fee. To enable this, accounts for posting interest and fee must be specified. The default accounts are taken from the dunning terms. However, you can change this setting by choosing the Browse (Browse) icon and specifying different accounts.

You can also choose not to post any interest or fee automatically.

Business Partner Bank

Click Choose from List (Choose from List) and specify the business partner bank account in the Business Partner Bank Accounts – Setup window.

The bank account you specify:

  • Will be used for payments created by the payment wizard

  • Will be the default bank account for checks in incoming payments

Credit Card Type

Select the appropriate credit card type.

Note Note

Relevant for customers only.

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ID Number

Specify the identification number of the credit card holder.

Average Delay

Specify the average delay in days for payments from customers or to vendors. The specified value is taken into account in the cash flow analysis and the expected payments are corrected accordingly in the analysis.

Priority

Specify the business partner priority in sales orders.

Note Note

Priorities can be used as selection criteria in the Pick and Pack process.

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Default IBAN

Specify the International Bank Account Number for domestic and foreign payment transactions.

If the default IBAN is specified, that value will be taken during bank file generation. If the default IBAN is not specified, the IBAN of the selected business partner bank account on this tab will be taken during bank file generation.

Holidays

Select a predefined holiday schedule.

Note Note

The schedule indicates dates when the business partner does not trade, thus affecting the due date of related sales or purchasing documents.

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Payment Dates

Opens the Payment Dates window in which you define the dates when the business partner receives (vendor) or makes (customer) payments.

Note Note

The dates affect the due date of the invoice and payment documents.

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Allow Partial Delivery of Sales Order

Allows partial copying of rows from a sales order to a target document:

  • When selected, every new sales order you process for this business partner is automatically marked as Allow Partial Delivery.

    Example Example

    If a sales order contains five item rows, you can copy only three of the rows to a delivery document.

    End of the example.
  • When deselected, you must copy the complete sales order to a target document.

Note Note

Not relevant for vendors.

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Allow Partial Delivery per Row

Allows partial copying of quantity from a sales order to a target document.

Example Example

If a sales order contains a quantity of five in a certain item row, you can copy three of the items to a delivery document.

End of the example.

When deselected, you must copy all items in a row from a sales order to a target document.

Note Note

The field is only displayed for customers and leads, and when Allow Partial Delivery of Sales Order is selected.

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Country-Specific Fields: Japan
Closing Date Procedure

The default value is copied from the General Settings window.

From the dropdown list, select a new default value for the corresponding customer, vendor, or lead.