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

Posted on Feb 21, 2008 at 05:21 AM 648 Views

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

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    author's profile photo Former Member
    Former Member
    Posted on Feb 21, 2008 at 05:50 AM
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    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

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  • author's profile photo Former Member
    Former Member
    Posted on Feb 21, 2008 at 05:42 AM
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    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

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