Payment term and financial calendar (fiscal year variant)

[eoin_butler]

Does anyone know if it is it possible to link the payment terms to the financial calendar. We are looking to use a payment term Month End + 30. However the month end should be the financial month end instead of the calendar month.

Appreciate any suggestions

Thanks

Eoin

FI analyst

[eoin_butler]

A number of vendors require a single payment to be made in first week after fiscal month-end.

Currently, you can only use payment terms based on calendar month-end and this is causing problems in months where fiscal month-end ends in next calendar month.

Example: April. Period 04

Calendar month end 30th April

Financial month end 02 May

Payment terms ME05 (month end + 5) - docs posted in April will fall due 5th May

however,

Should be 7th May

[Former Member]

HI,

can you give some example(s) with dates how this requirement should work? Maybe SAPNET note 1316578 can help you.

Best regards, Christian