What is payment schedule in SAP SAP-LEGAL - Global Field Legal?

SAP Term: payment schedule

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: A set of future dates and correlated payment amounts.

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• Key Concepts: 
  Payment schedule is a component of SAP-LEGAL Global Field Legal. It is used to define payment terms for legal documents such as contracts, invoices, and purchase orders. It allows users to set up payment terms for each document type, including the payment date, payment amount, and payment method. 
  
  How to use it: 
  To use the payment schedule component of SAP-LEGAL Global Field Legal, users must first create a payment schedule template. This template will define the payment terms for each document type. Once the template is created, users can then assign it to specific documents. This will ensure that the payment terms are applied to all documents with that template. 
  
  Tips & Tricks: 
  When creating a payment schedule template, it is important to consider the different types of documents that may need to be paid. This will help ensure that all documents have the correct payment terms applied. Additionally, it is important to review the payment terms regularly to ensure they are up-to-date and accurate. 
  
  Related Information: 
  For more information on SAP-LEGAL Global Field Legal and its components, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use this software.