Payment Terms

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Hi All,

Can any one explain the configuration need to be done for the below cases with due date -

We want to pay twice a month ie., on 15th and 30/31st of every month.

The Average Days must be 53 to 67 days.

1. From date 9th of the month to 23rd date system should propose the net due date on 15th of 60 days average month..

Ex- if the Invoice date is 09.Aug 2010 the net due date should be 15th of October 2010.

2. From date 24th to 08th of every month, system should propose the net due date on 30/31st of 60 days avg month.

EX - if the invocie date is 02 Sept 2010 then the net due date should be 31st October 2010.

I have given some more example below, Please help me out to come out of this -

how to do the configuration for this.

1-Sep-10 31-Oct-10 60 31-Oct-10 60

2-Sep-10 31-Oct-10 59 31-Oct-10 59

3-Sep-10 31-Oct-10 58 31-Oct-10 58

4-Sep-10 31-Oct-10 57 31-Oct-10 57

5-Sep-10 31-Oct-10 56 31-Oct-10 56

6-Sep-10 31-Oct-10 55 31-Oct-10 55

7-Sep-10 31-Oct-10 54 31-Oct-10 54

8-Sep-10 31-Oct-10 53 31-Oct-10 53

9-Sep-10 31-Oct-10 52 15-Nov-10 67

10-Sep-10 31-Oct-10 51 15-Nov-10 66

11-Sep-10 31-Oct-10 50 15-Nov-10 65

12-Sep-10 31-Oct-10 49 15-Nov-10 64

13-Sep-10 31-Oct-10 48 15-Nov-10 63

14-Sep-10 31-Oct-10 47 15-Nov-10 62

15-Sep-10 31-Oct-10 46 15-Nov-10 61

16-Sep-10 30-Nov-10 75 15-Nov-10 60

17-Sep-10 30-Nov-10 74 15-Nov-10 59

18-Sep-10 30-Nov-10 73 15-Nov-10 58

19-Sep-10 30-Nov-10 72 15-Nov-10 57

20-Sep-10 30-Nov-10 71 15-Nov-10 56

21-Sep-10 30-Nov-10 70 15-Nov-10 55

22-Sep-10 30-Nov-10 69 15-Nov-10 54

23-Sep-10 30-Nov-10 68 15-Nov-10 53

24-Sep-10 30-Nov-10 67 30-Nov-10 67

25-Sep-10 30-Nov-10 66 30-Nov-10 66

26-Sep-10 30-Nov-10 65 30-Nov-10 65

27-Sep-10 30-Nov-10 64 30-Nov-10 64

28-Sep-10 30-Nov-10 63 30-Nov-10 63

29-Sep-10 30-Nov-10 62 30-Nov-10 62

30-Sep-10 30-Nov-10 61 30-Nov-10 61

Regards,

Nagaraj S