Question

In which of the following segments of a customer or vendor master record can you enter the terms of payment?There are 3 correct answers to this question.

1) Company code segment
2) Client level segment
3) Sales area segment
4) Purchasing organization segment

Answer 1

Terms of payment can be entered in the Company code segment, Sales area segment, and Purchasing organization segment of a customer or vendor master record in ERP systems.

Step-by-step explanation:

In the context of Enterprise Resource Planning (ERP) systems, particularly in systems like SAP, you can enter the terms of payment - conditions under which a seller will complete a sale - typically in the following segments of a customer or vendor master record:

• Company code segment: This segment is where financial data specific to a company code is maintained, including terms of payment as they relate to accounting and finance.
• Sales area segment: In this segment, which is specific to sales and distribution, you can define terms of payment related to sales transactions.
• Purchasing organization segment: Relevant to the procurement process, this segment allows the entry of payment terms that are specific to purchasing activities.

These segments ensure that terms of payment are correctly assigned and utilized in transactions specific to different areas of the business.