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Payment Terms [message #233610] Thu, 26 April 2007 22:29 Go to next message
Messages: 18
Registered: October 2006
Location: hyd
Junior Member

Hi Gurus,

Can i any one tell me .. any difference for the Payment terms in AP and AR..

As we know that.. in payables.. these are schedule lines. for the invoice amount.. and coming to AR.. that the cust. use to make the payment based on this payment terms

apart from this any points to be added..

plz provide ur valuable.. answers...

Devika Reddy
Re: Payment Terms [message #233965 is a reply to message #233610] Sat, 28 April 2007 09:04 Go to previous message
Messages: 11
Registered: December 2006
Junior Member

Payment terms in Ar are also useful for defining proxima payment terms i.e. for Consolidated billing
They are also helpful for the Statement generation by giving the print lead days

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