Textual description of the payment terms and conditions. This field provides detailed information about when and how payment should be made, including discounts, penalties, and specific instructions.
Critical for contract compliance, payment processing automation, and establishing clear expectations between trading partners. Helps prevent payment disputes and enables automated payment processing.
Optional but recommended for commercial transactions to establish legally binding payment conditions and support dispute resolution processes
/Invoice/cac:PaymentTerms/cbc:Note/CrossIndustryInvoice/SupplyChainTradeTransaction/ApplicableHeaderTradeSettlement/ram:SpecifiedTradePaymentTerms/ram:DescriptionPayment due within 30 days of invoice dateZahlung innerhalb von 14 Tagen mit 2% Skonto, netto 30 TageNet 30 days, 2% discount if paid within 10 daysZahlung bei Lieferung (Cash on Delivery)Payment by bank transfer within 60 daysPayment✗ InvalidSee contract✗ InvalidTBD✗ InvalidPayment terms should include payment deadline, accepted payment methods, early payment discounts, late payment penalties, and any special conditions or instructions.
Payment terms provide context and details, but the payment due date (BT-9) takes precedence for automated processing. Both fields should be consistent.
Yes, early payment discounts (Skonto) are very common in German business, typically 2-3% for payment within 8-14 days. This should be clearly stated in payment terms.
Clear payment terms enable better cash flow forecasting, reduce payment delays, and allow for strategic use of early payment discounts to improve working capital.
Our AI-powered Invoice Converter automatically handles all XRechnung requirements, including proper field validation.