Payment term

[Former Member]

Hi,

Please give your advise how we will maintain below paymnet terms:-

• Close on next 6th, due on 2nd 5th ***

accumulation period due date

=================== ============

7/Aug~6/Sep 5/Oct

7/Sep~6/Oct 5/Nov

7/Oct~6/Nov 5/Dec

ex. posting date: 7/Aug --> due date: 5/Oct

posting date: 6/Sep --> due date: 5/Oct

posting date: 7/Sep --> due date: 5/Nov

posting date: 6/Oct --> due date: 5/Nov

posting date: 7/Oct --> due date: 5/Dec

Points would be assign plz send asap.

Rgd

Amit

[dominic_holdstock]

Hi,

Use the day limit field.

a) Day Limit = 6 Default for baseline = posting or doc date

Term 1 Fixed Day = 5 Additional Months =1

b) Day Limit = 31 Default for baseline = posting or doc date

Term 1 Fixed Day = 5 Additional Months = 2

Kind regards

[Former Member]

i think this is one payment term not two.

[dominic_holdstock]

Hi Amit,

It is one payment term due to using day limit.

Day Limit

Day of the month up until which the corresponding terms are valid.

Use

For terms of payment which depend on whether or not the baseline date is after or before the 15th of the month, you can define a two-part payment term under the same terms of payment key. The terms of payment key is expanded by the day limit entered here. Thus there are two entries in which different terms can be specified.

Example

The following terms of payment require you to enter a day limit:

Documents with an invoice date on or before the 15th of the month are payable on the last day of the next month

Documents with an invoice date after the 15th of the month are payable on the 15th of the month after the next month.

regards

[Former Member]

Hi , Domnic,

could you plz tell in obb8 what should i put for this paymnet term in simple word.

[Marssel700]

Hi Arun,

Enter OBB8 and look for label: Baseline date calculation.

Enter Due Date for all Terms in field: Fixed Day.

In field Aditional Months enter by the way below:

posting date: 7/Aug --> due date: 5/Oct (1 x Aditional Months)

posting date: 6/Sep --> due date: 5/Oct (0 x Aditional Months)

posting date: 7/Sep --> due date: 5/Nov (1 x Aditional Months)

posting date: 6/Oct --> due date: 5/Nov (0 x Aditional Months)

posting date: 7/Oct --> due date: 5/Dec (1 x Aditional Months)

Hope I help.

[Former Member]

Hi,

If you have to make a date as due date for all the items posted in a particular period, it is better to use, manual Base line Date entry.

This setting in Payment terms allows the user to enter the due date manually.

Please check.

Regards,

Gangadhar

[Former Member]

Used the fixed date field, with a value of 5.

[Former Member]

define validation for this term.