Anyone give me explanation the differences of payment term is based on vendor level and not a vendor group level?
Payment terms are assigned to vendors in master records or u can create them in configuration, in order to define a payment term u need the baseline date which can be posting date of an invoice or invoice date and cash discount fixed/percentage u receive frm vendor (path financial accounting (new)---accounts receivable and accounts payable---business transactions---incoming invoices/credit memos--maintain terms of payment)) once you have created the payment term you can assign it to the vendor in master record.
Vendor is something a specific vendor which you create in SAP access for eg any company xy, ab etc..vendor groups are a bunch of vendors you group them for your reference for example u want vendors of same location to be in a group say of mumbai, bangalore, delhi likewise (vendor groups are created in configuration menu with path path financial accounting (new)---accounts receivable and accounts payable---vendor accounts---vendor master data---prepairations for creating vendor master data)
but my question is here want to know the diff b/w vendor level n vendor group level.
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