Payment Terms of Less Than 30 Days

[Former Member]

How does one set up payment terms of less than 30 days? For example, I need to set up a customer with payment terms of 5% Net 10 Days. The problem I am running into is that the system is looking for a fixed due date and net 10 days does not provide one.

Thank you,

Mark

[Lakshmipathi · Accepted solution]

You should be aware Payment Terms are created in OBB8 and whatever terms you want to assign to customer master, system will pick from here.  So check there which one suits your requirement.

G. Lakshmipathi

[Former Member · Accepted solution]

Hi Mark,

1) You need to create new payment term (if not available for your co code) in OBB8 with following input screen:

             a) Account Type : Tick Vendor/Customer check box.

             b) Payment Term : Put 5% in Percentage box and 10 days in No. of days box.

             c) Save the entry.

2) Now assign this payment term to your Vendor/Customer master record.

This will solve your problem.

Regards

Madhur

[Former Member]

Thanks to everyone for their replies.

Mark

[former_member183155]

Hi all ;

To my understand , you have a problem related with payment terms. Please check document

Regards.

M.Ozgur Unal