Grace period in Terms of payment

[former_member204513]

Dear all,

My requirement is this

I want to give some grace period in Payment terms , how can I maintain grace period in the payment terms.

For Exaample :- 30 days due net and addition 5 days as grace days(total 35 days)

Reply ASAP

Regards,

Murali

[former_member204513]

Thanks

[Shiva_Ram]

Hi,

In our business we just add the grace days with No.of days field itself.

For example 50% 20 days and we add 5 days so that it reads as 50% 25days. But we maintain the description (Own explanation) as 50% 20days only.

For some big customers, our accounting is maintaining the payment terms like this.

Regards