Payment term configuration

[Former Member]

Hi All,

We need a payment term configuration in FI as follows.

Invoice date plus No.of grace days plus end of month (that means we have make payment on the last day of month where the last grace day falls in that particular month)

Thank in advance

Jagan

[Former Member · Accepted solution]

Hi,

First calculate how many days it comes to for that then create payment term in the configuration path is

SPRO-IMG-Material Management-Purchasing-Vendor Master-Define Terms of Payment.

Regards

Ravi Shankar.

[Former Member · Accepted solution]

Hi Ravi,

Thank you for reply,

My Problem is How to calculate 45 days end of month payment term.

Thanks in Advance

Jagan Battula

[raghavendra_praveen · Accepted solution]

Hi

You can have base line date calculation as 30 days from invoice date and then payment due on the month end in the month base line date is calculated.

Create a new payment term, enter the base line calculation as additonal months 1. Default date for base line date as document date or posting date as per your choice. In payment terms fill discount terms by entering fixed dates in 1st and 2nd fields , in third field enter the fixed date as 31. Then base line date will be calculated as 1 month after invoice date and payment will be due by that month end. You cannot have 45 days because additional months cannot accept it as 1.5 months.

Thanks