Payment Term Based On Invoice Month Instead Of Date

[Former Member]

Hi all,

Wondering if we can set up payment term in this way: No matter which day is the invoice date, the due date is always 28th next month.

For example:

Invoice date: 1st Nov 2007, 12th Nov 2007, 31st Nov 2007

All the due date for the invoices above --> 28th Dec 2007

Appreciate any input. Thanks.

your friendly neighbourhood,

Spidey

[Former Member]

Hi, thanks for input.

Wondering how do we do the testing for payment term. It's like after we set up this payment term, we put it in vendor master and post an invoice ? How do we check does it hit the correct due date ? Logically we do not need to wait until the due date (eg: 60 days later) to determine whether it's correct or not, right ?

[Former Member]

Hi,

This can be achived. The config Tr Code is OBB8,

Click on New Entries and input following parameters in the fields

Payment Trems:Test

Day limit: Blank

Account Type:Customer/ Vendor

Define following under Base Line Date Claculation Tab

Fixed Day: 28

Additional Month: 1

Other setting as u wish

Try this and revert back

Reagrds

Pratiksha

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