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author's profile photo Former Member
Former Member

Payment term

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

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3 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Aug 29, 2007 at 12:26 PM

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

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  • author's profile photo Former Member
    Former Member
    Posted on Aug 29, 2007 at 12:29 PM

    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

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  • Posted on Aug 29, 2007 at 12:47 PM

    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

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    • 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.

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