The payment terms agreed between Business partners for goods supplied or services rendered.
Payment terms in "SAP Business One" are a complex topic that takes many different factors into account. One of the most important elements is the flexibility in creating payment terms. These can be customised to meet the needs of the respective business partner.
Another important factor is the payment deadlines. These can vary depending on the agreement between the partners and must be set accordingly in the system. In addition, the type of payment can also be defined, for example whether payment is to be made by bank transfer, cheque or credit card.
The number of payments can also be determined individually, and partial payments can also be agreed. However, it must be noted that the sum of all partial payments does not exceed the total amount.
There are also different types of discounts that can be taken into account when setting payment terms. Among other things, a discount can be granted for early payment.