Payment Term with fixed 10 days addition.

[Former Member]

Hi,

I want to have a payment term KM00 which says "at sight".

But internally i want system to give a 15 days grace to customer. So for example:

If i post a entry today with Payment term KM00, it should give net due date 15 days after.

Plz suggest what needs to be done on Payment term configuration.

regards

[Former Member · Accepted solution]

you need to decide which date you wil take, the posting, document or entry date

A payment term description can be whatver you like, so you can display to the customer that they need to pay straight away, but you are happy for them to take 15 days.

[Former Member · Accepted solution]

Hi,

Yeah thanx for info. But where should i give 10 days. which field:

1. Day limit

2. Baseline date calculation - Fixed day.

plz suggest

[Former Member · Accepted solution]

OK leave the baseline date.

Against the payment terms "No of days " field enter 10 days

Therefore the due date will be 10 days after the baseline date, which you need to define to be either the entry date, posting date or document date.

Hope this helps

Award points if useful.