on 06-06-2011 2:41 PM
Hello All,
Our Client wants the Following scenario to be achieved through payment terms in the system:
30 Days Due Net 20th of the subsequent month
If an invoice gets posted on 01.04.2011- The Invoice should get overdue on 20.05.2011
If an Invoice gets posted on 25.04.2011t the invoice should get posted on 20.06.2011 (20th June)
Can anybody suggest how to achieve this.
Thanks
Nitin
Hi,
in OBB8, you Create a Payment Term Varian eg. G001.
1. to achieve your 1 requirment do create as following.
Give Day Limit as 24 and in (Default for Baseline date -you can select document date or posting date as per your requirment)
you can Select either Vendor or customer as Per your Requirment.
Under Payment Terms give 20 under Fixed date and 1 under Addtional Months.you can give Own explanation as Due on the 20th of Next month. Save it.
2. to achieve your 2 requirment create as below
copy the Variant G001 and change the DAY Limit as 31
Under Payment Terms give 25 under Fixed date and 2 under Addtional Months.you can give Own explanation as Due on the 25th of the Following month
by the above way you can achieve your requirments.
Wht Happens once you create a payment term as above is for the invoices posted on or before 24th , the due date will be 20th of next month and for the invoices posted inbetween 25 to 31 ,the due date will be 25 of the following Month. save it
Please Let me know if you still have any doupts.
Thanks
Goutam
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Thanks a Lot Goutam
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Hello Nitin,
Goto IMG customizing > under maintain payment term, enter 20 in the 'Fixed day' input field then enter 1 in the 'Additional months' input field under the 'Baseline date calculation' section. This should fulfil the requirement.
Hope the above helps.
Kind regards,
John Chin
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