on 10-08-2007 4:09 AM
hi,
may i know how to use the day limit field in the terms of payment maintenance with some real live examples?
Hi,
SPRO>FA>AR/AP>Business Transactions>Incoming Invoices/Credit Memos-->Maintain Terms of Payment
Here u can define ur own terms of payments for customers and vendors based on No. of days and also percentage rate for the days. U can maintain various options here regading payment terms.
Regards
Balaji
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Hi Raja,
The concept of day limit is to divide the Terms of Payment (TOP) in to different intervals
I will give you an example of that
As you know you mantain TOP in the customer master data
Suppose for the same customer you want the baseline date will be different in different time interval of the month
1) Invoices which are raised in the first 15 days of the month you want to have the baseline date as 15th of the next month
2) Invoices which are generated in the last 15 days of the month for the same customer you want the baseline date should be the 30th of the next month
So in this way you can have different baseline dates for a customer for the same TOP
Regards
Pratiksha
Please assign pouints if helpful
HI,
Day limit, is the date till your transactions for that month are considered.
Thus, the transactions done till that day of the particular month, falls under your payment term that you have defined.
Cheers
Megha
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Hi,
Can you kindly send me the screen shots of the same to: zebumuttur@yahoo.com
Best Regards,
M.R.Srinivas
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