How to achieve through Payment term

[Former Member]

Hello All,

Our Client wants to achieve the following scenario by Payment terms.

45 Days Net 20th of subsequent month

If Document date gets Posted on 01.04.2011- the invoice should add 45 days 01.04.2011+45 days that is 15.05.2011 and get due on 20.05.2011.

If Document date gets Posted on 15.04.2011- the invoice should add 45 days 15.04.2011+45 days that is 30.05.2011 and get due on 20.06.2011. But in this case system is giving the overdue date as 20.05.2011 and it is not calculating full 45 days for the invoiice

I have assigned 45 days and fixed date as 20 with additional month as 0.

Request your help.

Thanks

[Former Member]

Thanks.

[Former Member]

Hi,

your requirment is

1.Documents posted on or before 15 of every month the due date should be 45th day and Net due should be 20th of next month

2.Document posted between 16 to 31 of every month the due date should be 45th day and net due should be 20th of following month.

if so ,both conditions can not be applied, instead if you want the due date as 20th next month for the invoices posted still 15 and due date as 20 of following month for invoices posted in between 16 to 31 -Terms can be created or as you mentioned if you want due date as 45 days from document date and 46th day as net due date can be created .

Please confirm your requirments. with want conditions you want to create a PT.

Thanks

Goutam

[Former Member]

Thanks Goutam,

But my requirement is not dependent on the Date of entry i.e. before 15 or between 16-31.

My requirement any invoice entered during a month Should first calculate 45 days for due date and then should become due on 20th of that month or subssequent month depending on the case.

Let em explain you with an example

Invoice entered on 1.04. 2011 should get due on 20.05.2011 (it calculated 45 days first and became due on 20th of the same month.)

Now if an iNvoice was entered on say 08.04.2011 it should first calculated 45 days that is due on 23.05.2011 and Net due date on 20.06.2011.

Hope my example was clear to give clarity on the issue.

Thanks

Nitin

[Former Member]

Hi ,

As I mentioned earlier both conditions can not Applied ,it can be either N of days or Fixed date as Due date or Net Due date.

Hope this clarifies your doupts

Thanks

Goutam