Regarding Due Day in A/P & A/R Invoice

[Former Member]

Dear Experts,

I have Facing Problem in my New Data Base ,When I Create an A/P Invoice & Change the Posting Date the Due date which is automatically comes 01/04/11

The Payment Terms are Due Date Based on Posting Date

Start From __________ 0 Months + 30 Days

Which is assigned to all Vendors at General Settings Default Pmt Term for Vendor

Please if any one get the Solution ...

Nishikant S Virkhare

[Former Member]

What posting date are you entering? Do check that the correct paymen t terms have been applied to the vendor code you are using. Are you adding the document using UI or by importing the data?

[Former Member]

Hi Nishikant S Virkhare,

In this new database, what periods have been defined?

Thanks,

Gordon

[Former Member]

Dear Gorden ,

I am using Yearly Posting Period

Period Code-------2010-11

Period Name------FY-2010-11

Sub-Periods------Year

No. of Periods-----1

Period Indicator-----Default

Category----

---

2010-11

Period Status----

---

Unlocked

Posting Date From----

---

01/04/10________31/03/11

Due Date From----

---

01/04/10________31/03/11

Document Date From-----01/04/10________31/03/11

Start of Fiscal Year-------01/04/10

Fiscal Year----

---

01/04/10

Thanks

Nishikant S Virkhare

[Former Member]

Sub-Periods are usually Months in order to get the correct result. Any special reason you need the whole period in one Sub-Period only?

[Former Member]

Dear Gorden,

Thanks For this valuable Information That

Sub-Periods are usually Months in order to get the correct result.

There is not Any special reason to make the whole period in one Sub-Period only.But as it comes as Default at the time of Posting Periods Creations.

[Former Member]

This is not a default but First Selection only. I believe, 99% users need it by month instead of by year. What is the point to have one single period? That may make big headache for the accounting department.

Change your period to the right setting ASAP. Otherwise, more troubles might come.