Dear John,
In the Payment term T.Code: OBB8, If you change default from "Document date" to "No Default", this will only affect your document entry, screen field "base line date", in this case baseline date will not automatically filled/derived, but if you keep default in OBB8, a document date as default date, and then at the time of vendor invoice, what you give in document date, this date automatically filled in baseline date field under Payment Tab e.g. FB60.
Baseline Date, is a date which is used to calculate the due date of the invoice or permitted cash discount amount for payments. Therefore, as per your requirement, you can set any of the default for baseline date:
- No Default (you have entered manually in at the time of entry)
- Posting Date
- Document date
- Entry Date (System Date)
This can be set as per business requirement, but in normal circumstance document date is set as default for baseline date.
In case of No Default, this will not affect any thing in the system, except you have to enter the baseline date at the time of entry.
I hope this will clear your understanding.
Regards
Javed