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The purpose of this page is to share the information about “Terms of Payment”;
How to set the customizing;
How is baseline date determined;
How is net due date calculated, and the calculation logic.


Terms of Payment are conditions agreed between business partners for the payment of invoices. The conditions define the due date and the cash discount offered for payment of the invoice within a certain period.

Terms of payment enable the system to calculate a cash discount and invoice due date.

Creating Terms of Payment

Navigation:  Transaction SPRO -> SAP Reference IMG -> Financial Accounting -> Accounts Receivable and Accounts Payable -> Business Transactions -> Outgoing Invoices/Credit Memos -> Maintain Terms of Payment

Alternatively:  Transaction code OBB8

Some terms of payment are predefined in the system, you can add new ones with “New Entries” button.

General data

Day limit is the calendar day to which the terms of payment are valid. Using the day limit, you can store single or multi-part terms of payment in a terms of payment key (terms of payment key JOY1 in this page).

The above terms of payment is valid until 15th of the month.

The above terms of payment is valid from 16th to the end of the month.

Basic data



Related Documents


SAP WIKI: Installment Payment Terms - Customizing


Related SAP Notes/KBAs


SAP Note 162885: - Behavior of terms of paymt when entering a doc


Other key words

Payment terms calculation; Baseline date calculation.



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