What is net due date in SAP FI-FIO-AP - Fiori UI for Accounts Payable?

SAP Term: net due date

• Component: FI-FIO-AP

• Component Name: Fiori UI for Accounts Payable

• Description: Day after which the open amount has to be paid without any discount.

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• Key Concepts: 
  Net due date is a term used in SAP Accounts Payable (FI-FIO-AP Fiori UI). It is the date by which an invoice must be paid in order to avoid late payment penalties. The net due date is calculated based on the terms of payment agreed upon between the supplier and the customer. 
  
  How to use it: 
  In SAP Accounts Payable, the net due date is displayed on the invoice details page. This page can be accessed by selecting an invoice from the list of invoices in the Fiori UI. The net due date is displayed at the top of the page, along with other important information such as the invoice number, supplier name, and total amount due. 
  
  Tips & Tricks: 
  It is important to pay attention to the net due date when processing invoices in SAP Accounts Payable. If an invoice is not paid by its net due date, it may incur late payment penalties or other fees. To avoid this, it is best to pay invoices as soon as possible after they are received. 
  
  Related Information: 
  The net due date is closely related to other terms such as payment terms and payment methods. Payment terms refer to the agreement between a supplier and a customer regarding when an invoice must be paid. Payment methods refer to the ways in which an invoice can be paid, such as by check or electronic transfer.