What is Invoice Payment Due Date (Law 15/2010) - Spain in SAP SRD-FIN-GL - FIN-General Ledger?

SAP Term: Invoice Payment Due Date (Law 15/2010) - Spain

• Component: SRD-FIN-GL

• Component Name: FIN-General Ledger

• Description: A report that shows the totals of paid and overdue open supplier invoices made before and after Spanish legal due dates, as required according to Law 15/2010.

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• Key Concepts: 
  Invoice Payment Due Date (Law 15/2010) is a Spanish law that requires companies to pay invoices within 30 days of receipt. This law applies to all companies operating in Spain, regardless of their size or sector. The purpose of this law is to ensure that businesses are able to pay their suppliers on time and avoid late payment penalties.
  
  How to use it: 
  In order to comply with Law 15/2010, companies must set up an invoice payment due date in their SAP system. This can be done by accessing the SRD-FIN-GL FIN-General Ledger Accounting component. Once the due date is set, the system will automatically generate a reminder when the invoice is due for payment.
  
  Tips & Tricks: 
  It is important to ensure that the invoice payment due date is set correctly in order to avoid any late payment penalties. Companies should also keep track of their invoices and payments in order to ensure that they are paying their suppliers on time.
  
  Related Information: 
  For more information about Law 15/2010, please visit the Spanish government website: https://www.boe.es/buscar/act.php?id=BOE-A-2010-7395