What are terms of payments and where are they stored? :SAPEXPERTSOLUTIONS

What are terms of payments and where are they stored? : SAPEXPERTSOLUTIONS

Payment terms are created in configuration and determine the payment due date for
customer/vendor invoices.
They are stored on the customer/vendor master record and are pulled through onto the customer/vendor invoice postings. The due date derived via the payment can be changed on each individual invoice if required.

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