Skip to Content
3
Former Member
Jun 26, 2007 at 01:36 PM

Customer Payment Terms

9 Views

Hello Experts,

I need to configure the payment terms for a customer and the payment terms are as follows:

Jan 1, invoice is due on Feb 20 with a 2% discount

Jan 2, invoice is due on Feb 20 with a 2% discount

Jan 3, invoice is due on Feb 20 with a 2% discount

Jan 4, invoice is due on Feb 20 with a 2% discount

Jan 5, invoice is due on Feb 20 with a 2% discount

Jan 6, invoice is due on Mar 20 with a 2% discount

Jan 7, invoice is due on Mar 20 with a 2% discount

Jan 8, invoice is due on Mar 20 with a 2% discount

Jan 9, invoice is due on Mar 20 with a 2% discount

Jan 10, invoice is due on Mar 20 with a 2% discount

Jan 11, invoice is due on Mar 20 with a 2% discount

Jan 12, invoice is due on Mar 20 with a 2% discount

Jan 13, invoice is due on Mar 20 with a 2% discount

Jan 14, invoice is due on Mar 20 with a 2% discount

Jan 15, invoice is due on Mar 20 with a 2% discount

Jan 16, invoice is due on Mar 20 with a 2% discount

Jan 17, invoice is due on Mar 20 with a 2% discount

Jan 18, invoice is due on Mar 20 with a 2% discount

Jan 19, invoice is due on Mar 20 with a 2% discount

Jan 20, invoice is due on Mar 20 with a 2% discount

Jan 21, invoice is due on Mar 20 with a 2% discount

Jan 22, invoice is due on Mar 20 with a 2% discount

Jan 23, invoice is due on Mar 20 with a 2% discount

Jan 24, invoice is due on Mar 20 with a 2% discount

Jan 25, invoice is due on Mar 20 with a 2% discount

Jan 26, invoice is due on Mar 20 with a 2% discount

Jan 27, invoice is due on Mar 20 with a 2% discount

Jan 28, invoice is due on Mar 20 with a 2% discount

Jan 29, invoice is due on Mar 20 with a 2% discount

Jan 30, invoice is due on Mar 20 with a 2% discount

Jan 31, invoice is due on Mar 20 with a 2% discount

In other words, Before the 5th of the month, 2% 20th of the month plus 30 days. Everything else, 2% 20th of the month plus 60 days.

I checked the OBB8 screen, however i was not sure what do i need to enter in the dates column at the bottom:

Is this going to be :

Day Limit - 5

Term: Percentage No of Days Fixed Date Additional Months

1 2 25

All answers would be duly rewarded with points.

Thanks,

Nandita