What is due date for net payment in SAP FI - Financial Accounting?

SAP Term: due date for net payment

• Component: FI

• Component Name: Financial Accounting

• Description: The date on which payment of an open item is due net - that is, with no cash discount deduction.

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• Key Concepts: 
  Due date for net payment is a term used in SAP Financial Accounting (FI) to refer to the date on which a payment is due to be made. This date is determined by the terms of the contract between the customer and the vendor. It is important to note that this date may differ from the invoice due date, as it takes into account any discounts or other incentives that may be offered. 
  
  How to use it: 
  In SAP FI, due date for net payment can be set up in the customer master data. This will ensure that payments are made on time and that any discounts or incentives are taken into account. The due date for net payment can also be adjusted manually if needed. 
  
  Tips & Tricks: 
  It is important to keep track of due dates for net payment in order to ensure that payments are made on time and that any discounts or incentives are taken into account. It is also important to review customer master data regularly to ensure that all information is up-to-date and accurate. 
  
  Related Information: 
  For more information about due dates for net payment in SAP FI, please refer to the SAP Help Portal or contact your local SAP support team.