| Terms of Payment (tfacp1111s000) |  |
| Use this session to view and maintain the terms of payment for the invoices. Terms of payment are linked to the invoice-form business partners in Common. If an invoice is entered in the ACP module, ERP LN generates payment terms from the defaults. The terms of payment include: The period in which invoices must be paid. The discount granted if an invoice is paid within the specified period. The discount period. The payment period. The discount amount. You can start this session from the Purchase Invoices (tfacp1110s000) session or the Purchase-Invoice Details (tfacp2500m000) session. Related topics To process purchase invoices
Fields | Description
Document | The transaction type, part of the invoice identification.
Document | The document number, part of the invoice identification.
Business Partner | The business partner that sends invoices to your organization. This usually represents a supplier's accounts receivable department. The definition includes the default currency and exchange rate, invoicing method and frequency, information about your organization's credit limit, the terms and method of payment, and the related pay-to business partner.
Late Payment Surcharge | The late-payment surcharge code. If a payment schedule is linked to the invoice and you already made payments for one or several payment schedule lines, you cannot change the late payment surcharge.
Late Payment Surcharge Date | If the invoice is paid on or before this date, the late payment surcharge is deducted from the invoice amount.
Late Payment Surcharge Amount | The late-payment surcharge amount. If the invoice is paid after the late payment surcharge date, this amount is the extra amount to be paid.
Terms of Payment | The terms of payment for the invoice. If a payment schedule is linked to the invoice and you already made payments for one or several payment schedule lines, you cannot change the terms of payment.
Due Date | The due date If a payment schedule is linked to the invoice, this field is empty. The dues dates are determined separately for each payment schedule line. Related topics Due date calculation
First Discount Date | The last date on which the discount defined for the first discount period is substracted from the invoice amount. The discount percentage is entered in the Period in Days field in the Terms of Payment (tcmcs0113s000) session. If a payment schedule is linked to the invoice, this field is empty. The discount dates are determined separately for each payment schedule line.
First Discount Amount | The amount that is deducted from the invoice if the amount is paid before the first discount date. ERP LN calculates this amount using the discount percentage and the invoice amount.
Second Discount Date | The last date on which the discount defined for the second discount period is subtracted from the invoice amount. The discount percentage is entered in the Period in Days field of the Terms of Payment (tcmcs0113s000) session.
Second Discount Amount | If the invoice is paid before the second discount date, this amount must be deducted. ERP LN calculates this amount using the discount percentage and the invoice amount.
Third Discount Date | The last date on which the discount defined for the third discount period is deducted from the invoice amount. The discount percentage is entered in the Period in Days field of the Terms of Payment (tcmcs0113s000) session.
Third Discount Amount | The amount that is subtracted from the invoice if the invoice is paid before the third discount date. ERP LN calculates this amount using the discount percentage and the invoice amount.