Day Limit in Payment Terms

[Former Member]

Hello Gurus

What is the "Day Limit" in Payment terms.

If there is multiple day limit for a single payment term,which will be determined in the Purchase order?

With Regards

[Former Member]

Purchase order will just so all the day limit but when you post the invoice that time based on the invoice date system will take the discount defined inthe payment term based on the days limit

e.g

your payment term is

10 day 5 %

20 day 2 %

30 days 0 %

now suppose you are posting the invoice after 10 days than system will pull the discount 2 %

that's how system is works