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Former Member

Importance of Base line date in MIRO

Hi All,

Although i hv some idea but please explain what is the purpose of base line date in MIRO screen. How this is important?, give some examples.

Thanks & Regards,

Rajeev

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3 Answers

  • Best Answer
    Posted on Sep 19, 2008 at 06:58 AM

    hi,

    Due dates for invoices are calculated using the baseline date for payment. The baseline date for payment is determined according to the following priorities:

    1. from the settlement profile on the basis of the posting date or delivery note date in the material document

    2. from the terms of payment

    3. from the posting date in the settlement document

    These also helps in ERS settlement

    Example:

    If your Baseline date is 10 th day from today....And if you pay within these 10 days(based on payment terms) then the discounts etc are provided to you for early or on time payments to vendor...

    Hope it helps..

    Regards

    Priyanka.P

    Edited by: Priyanka Paltanwale on Sep 19, 2008 8:59 AM

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  • Posted on Sep 19, 2008 at 07:29 AM

    Baseline date for due date calculation

    Date to which the periods for the cash discount deadline and the due date for net payment refer. This is the case for line items in open item accounts.

    For line items in G/L accounts, the item is due immediately on this date because there are no cash discount specifications.

    so the baseline date is the date from which the payment terms will be active

    regards

    kunal

    award if helpful

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 19, 2008 at 07:01 AM

    hi

    Base line date is a date from which payment term are calculated.

    Suppose cash discount will be given if you pay within 5 days then these 5 days will be calculated from baseline date.

    Regards,

    Vijay

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