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Payment term

former_member620822
Participant
0 Kudos

Hi Expert,

We need to create payment term

Net 7 + payment on Tuesday

Example:

invoice is created on May 2, 2014, due date would be May 13, 2014

Accepted Solutions (1)

Accepted Solutions (1)

vinod_vemuru2
Active Contributor
0 Kudos

Hello,

If I understand your requirement correctly, you want the due date to be invoice date + 7 days + due date should be next immediate Tuesday after calculated date.

EG: Invoice date 2nd may

       Actual calculated due date = 2nd May+7 days = 9th May

But since next Tuesday falls on 13th, you want 13th as due date.

Is it right? If yes, this is not possible with static configuration.

However, you can achieve this via dynamic due date calculation through fixed day payment terms. Check below blog to know how to configure fixed day payment terms with exit logic.

Thanks,

V V

Answers (4)

Answers (4)

Former Member
0 Kudos

Hello Gaurav,

I agree with Vinod and Ajay. Your requirement cannot be achieved with standard customiztaion. You need to write your own logic to determine the net due date.

BR

Amitash

ajaycwa1981
Active Contributor
0 Kudos

Hi Gaurav

You will have to go for FI Substitution to calculate the Due Date

You need to use user exit with in your Substitution

Br. Ajay M

former_member183424
Active Contributor
0 Kudos

Its about OBB8 settings, You can set the due net date as per your requirement

suma_mani
Active Contributor
0 Kudos

Check OBB8 settings ! Enter No.of days as 7 in customization. Before posting in SCN ,you can search in SCN