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E1: FIN: FAQ - Frequently Asked Questions Regarding Payment Terms and Advanced Terms Within JD Edwards EnterpriseOne Financial System (P0014, P00145, P00146) (Doc ID 1411374.1)

Last updated on JANUARY 28, 2022

Applies to:

JD Edwards EnterpriseOne Accounts Receivable - Version XE and later
JD Edwards EnterpriseOne Accounts Payable - Version XE and later
Information in this document applies to any platform.

Purpose

This document provides answers to frequently asked questions on payment terms and advanced payment terms within the JD Edwards EnterpriseOne Financial system.

Questions and Answers

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In this Document
Purpose
Questions and Answers
 Accounts Payable General Questions
 Question 1: What causes the "Split Payment not Allowed" error on a Payment Term in Speed Voucher Entry (P0411SV)?
 Question 2: When the Payment Terms are changed in a voucher, the Due Dates are not recalculated, why?
 Question 3: Is it possible to set up discounts in Accounts Payable to be a reduction of the Gross Amount and therefore a reduction in the expense, rather than as Discount Taken revenue?
 Question 4: What causes the General Ledger Post (R09801) to trigger an "Out Of Balance" error when a voucher is posted with a split payment term?
 Question 5: Can the payment term be defined by LOB or Company in Accounts Payable?
 Question 6: Why are errors triggered when entering a voucher using a Payment Term linked to a work day calendar that has a value in the Shift Code?
 Question 7: Is there a way to set up a payment term where the discount will always be taken, regardless of the date the payment is made?
 Question 8: Does JD Edwards support dynamic discounting for vendor payments?
 Accounts Receivable General Questions
 Question 1: Is it possible to set up a payment term where a transaction is due upon receipt?
 Question 2: Is there a global update program available to update the Payment Terms on existing, unpaid invoices in the Customer Ledger (F03B11) using the value in the Customer Master (F03012)?
 Question 3: Our company sells annual business licenses.  This license must be renewed each year on May 1st at a cost of $2000. How to setup the payment terms so that the first recurring invoice is due when application is submitted for the first time, but each subsequent recurring invoice is due on May 1st of the following year?
 Question 4: Why is the Update AR Invoices (R005142) failing to update all valid invoices for a company that has a multi-tier discount payment term?
 Question 5: How do installment payment terms show in the customer ledger (P03B2002)?
 Question 6: How does installments show up in terms of aging on an invoice?
 Question 7:  Is there a way for installment payment terms to create each installment with its own invoice number?
 General Questions
 Question 1: How can a payment term be set up that calculates 45 days from the invoice date and lands on the end of the month?
 Question 2: How can Payment Terms be set up such that invoices entered prior to the fifth of the month are due 45 days from the fifth and invoices entered after the fifth of the month have a due date 45 days from the fifth of the following month?
 Question 3: Can a payment term be set up using both a Discount Due Date and a Proxy Date?
 Question 4: Is it possible to set up a payment term that calculates the due date as the 10th of the following month?
 Question 5: Can the Blank Payment Term be removed from P0014?
 Question 6: Is it possible to set up a payment term 90 days end of month?
 Question 7: What is signified by the value R in the Range or Tier field in Work with Due Date Rules (P00146)?
 Question 8: Is it possible to set up a payment term that calculates a due date that is 60 days after the 1st of the following month?
 Question 9: Is it possible to set up a payment term based on a quarter?
 Question 10: After creating a new Advanced Payment Term, a new voucher was added but Advanced Payment Terms were not calculated, why?
 Question 11: Is it possible to set up a payment term due on a certain day of the week (e.g. Friday)?
 Question 12: How can an advanced Payment Term be configured to use a specific date (e.g. June 1, 2011)?
 Question 13: How does the system determine the due date for tiers when using Multitiered Discounts?
 Question 14: Is it possible to create a Payment Term with a Prox Date that exceeds 12 months?
 Question 15: Why is a voucher with three installments of equal percentage not dividing into three equal parts?
 Question 16: Using Advanced Payment terms to determine discount and net due dates.  Discount due date is on the 10th of the following month; except if the invoice date is after the 25th of the month, then it will be due on the 10th of the second month following. 
 Question 17: Does modifying a supplier payment terms have an impact on outstanding AP vouchers or AR invoices?
 Question 18: Can you use the Multi-tiered discount process to create the following payment term?
  
References

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