What is payment terms in SAP CA-ANW - SAP Anywhere?

SAP Term: payment terms

• Component: CA-ANW

• Component Name: SAP Anywhere

• Description: Conditions defining the payment due date for an invoice or credit memo.

Smart SAP Assistant

• Key Concepts: 
  Payment terms are the conditions under which a buyer agrees to pay a seller for goods or services. In SAP Anywhere, payment terms are used to define the payment period and any discounts that may be applied. Payment terms can be set up for customers, vendors, and other business partners. 
  
  How to use it: 
  In SAP Anywhere, payment terms can be set up in the Business Partner Master Data. To do this, go to the Business Partner Master Data screen and select the Payment Terms tab. Here you can enter the payment period and any discounts that may be applied. 
  
  Tips & Tricks: 
  When setting up payment terms in SAP Anywhere, it is important to ensure that they are consistent with your company’s policies and procedures. Additionally, it is important to ensure that the payment terms are clearly communicated to customers and vendors so that there is no confusion about when payments are due. 
  
  Related Information: 
  For more information on setting up payment terms in SAP Anywhere, please refer to the SAP Anywhere Help Center. Additionally, you can find more information on payment terms in general by visiting the SAP Knowledge Base.