Payment term

[former_member620822]

Hi Expert,

We need to create payment term

Net 7 + payment on Tuesday

Example:

invoice is created on May 2, 2014, due date would be May 13, 2014

[vinod_vemuru2 · Accepted solution]

Hello,

If I understand your requirement correctly, you want the due date to be invoice date + 7 days + due date should be next immediate Tuesday after calculated date.

EG: Invoice date 2nd may

       Actual calculated due date = 2nd May+7 days = 9th May

But since next Tuesday falls on 13th, you want 13th as due date.

Is it right? If yes, this is not possible with static configuration.

However, you can achieve this via dynamic due date calculation through fixed day payment terms. Check below blog to know how to configure fixed day payment terms with exit logic.

Thanks,

V V