What is deferred payment in SAP SD-FT - Foreign Trade?

SAP Term: deferred payment

• Component: SD-FT

• Component Name: Foreign Trade

• Description: The payment of a customs tariff at a later date than the date it is due. Customs duties must be paid within a set time period. For large amounts, it is possible to arrange for payments in small amounts over a period of weeks or months, in Europe, up to the 16th of the following month.

Smart SAP Assistant

• Key Concepts: 
  Deferred payment is a payment method in SAP Foreign Trade (SD-FT) that allows customers to pay for goods or services at a later date. This payment method is often used when customers are unable to pay for goods or services upfront. 
  
  How to use it: 
  In SAP Foreign Trade, deferred payment can be set up by creating a payment term in the system. This payment term will specify the number of days after delivery that the customer must pay for the goods or services. Once the payment term is created, it can be assigned to a customer in the system. 
  
  Tips & Tricks: 
  When setting up deferred payment in SAP Foreign Trade, it is important to ensure that the payment terms are realistic and achievable for the customer. It is also important to ensure that the payment terms are clearly communicated to the customer before any goods or services are delivered. 
  
  Related Information: 
  For more information on setting up deferred payment in SAP Foreign Trade, please refer to the SAP Help Portal. Additionally, you can find more information on SAP Foreign Trade in the SAP Community Network.