Payment terms determine business cash flow and working capital requirements. SAP allows defining payment terms once for multiple similar customers. Terms are defined at client level and can be used across company codes
A subcontractor undertakes to perform part or all of another's contract obligations. General contractors hire subcontractors to reduce costs and mitigate risks. EU recognizes need for subcontracting in public procurement rules
Net 15 means customers have 15 days to pay invoices in full. Payment due 15 days from invoice date or receipt date. Terms should align with invoice dates exactly
Contains basic vendor data fields including account number, title, and location. Includes tax information, VAT status, and company details. Contains communication information and payment details
Net 30 indicates payment due within 30 calendar days. It's a legally binding credit term for products/services provided. Can be combined with percentage discounts like "3% 30days"
Payment terms outline timeframes for receiving payments for goods/services. Terms define business cash flow and client relationships. Clear terms foster trust and professionalism