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Former Member

Grace period in Terms of payment

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

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2 Answers

  • Sep 17, 2009 at 01:40 PM

    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

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    Former Member
    May 04, 2010 at 10:59 AM

    Thanks

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