What is deferred payment in SAP LO-AGR-STL - Agency Business Document, Settlement, Revenue Recognition?

SAP Term: deferred payment

• Component: LO-AGR-STL

• Component Name: Agency Business Document, Settlement, Revenue Recognition

• Description: A payment that is to be made at a later scheduled date, which is mutually agreed upon among the trade counterparties.

Smart SAP Assistant

• Key Concepts: 
  Deferred payment is a payment method in SAP that allows customers to pay for goods or services at a later date. This payment method is often used in agency business, where the customer pays the agency for goods or services after they have been delivered. The deferred payment option is available in the LO-AGR-STL Agency Business Document, Settlement, Revenue Recognition component of SAP. 
  
  How to use it: 
  To use deferred payment in SAP, the customer must first enter into an agreement with the agency. This agreement should include details about the goods or services being provided, as well as the terms of payment. Once the agreement is in place, the customer can select the deferred payment option when making payments. The customer will then be able to pay for the goods or services at a later date. 
  
  Tips & Tricks: 
  When using deferred payment in SAP, it is important to ensure that all agreements are properly documented and that all payments are made on time. It is also important to keep track of any changes to the agreement, such as changes in payment terms or delivery dates. 
  
  Related Information: 
  For more information about deferred payment in SAP, please refer to the LO-AGR-STL Agency Business Document, Settlement, Revenue Recognition component of SAP. Additionally, you can find more information about other payment methods available in SAP on the official SAP website.