Defining prepayment terms

Use prepayment terms when an invoice is to be prepaid or when an invoice requires cash on delivery. For prepayments, the net due date is the same as the invoice date. This procedure outlines the process for defining prepayment terms.

Define prepayment terms

  1. Access the Prepayment tab on Maintenance (TE01.2).
  2. Specify a term code and description, and select Active as the status for the prepayment terms code.