Q: What is the use and functionality of the ‘Payment Terms’ field in Vendor Master?
Ans: The ‘Payment Terms’ field in Vendor Master is used to auto calculate the ‘Invoice Due Date’ at the time of “Add Invoice”. The ‘Invoice Due Date’ will be auto-calculated for the vendor based on the ‘Invoice Receipt date’ plus ‘Payment Terms’ set for that vendor in the “Vendor Master”.
Speak to us!
Puzzled! Ask Something?
Still Confused in Selecting the Best!