RE:[sap-acct] Use of Block Key in Payment Terms Maintenance

Posted by VidhyaDhar (User-friendly SAP FI Consultant)
on Jul 31 at 1:14 PM

Let us assume that you have created a payment term with 10 days' credit ( vendor payment must be settled within 10 days). You do not have to make it mandatory since you might release payment only after the vendor invoice is verified to be correct and this might take longer than 10 days too. Placing a block against invoice verification in this payment term ensures that though the normal credit period is ten days , this period can be pushed further until the invoice is verified later and found correct. In such a case, after releasing the block only payment can be released though the default credit period is ten days.

This is just an example for easy understanding that I have quoted.



---------------Original Message---------------
From: Sandip Chopra
Sent: Sunday, July 31, 2011 10:35 AM
Subject: Use of Block Key in Payment Terms Maintenance

Can you please let me know the function of ' Block Key' while creating a payment terms. Am i right in saying that it would block any payment to vendor / Goods issue to customer if selected. Is this used in practice?

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