Payment Terms (60 days net from invoice date + 10th of the following month)

[Former Member]

Hi

i need payment term for the below requirement

60 days net from invoice date + 10th of the following month

( I think in OBB8 fixed day: 31, fixed date: 10,additional month:2 is this right)

Regards

Prasad

[Former Member · Accepted solution]

Hi

ur question cofusing bit.

1)if u want payment term to pay 10th of the following month from invoice date

then give fixed date 10 and additional mths 1

(or)

2)if u want to pay after 60 days from 10th of the following month

them give in under baseline determination:

fixed day 10 and additional months 1.

and also give 60 days in the 1st field of No.of days

thanq

[Former Member]

Hi,

You are almost right. But you dont need fixed day 31.

in OBB8

Baseline date as document date (invoice date)

and at the percentages column fixed date 10 and

Addl Month 2.

If invoice is dated on 1.1.08 the net payment due date is 10.3.08

Pls let me know if it work for u

Regards

Jyostna

[Former Member]

Hi Joshna

Good going!

keep it up.

thanks for your answers

Regards

Prasad