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WS: FIN: How to Set Up and Use the Workday Calendar to Calculate a Due Date that Occurs on a Specific Day of the Week using Advanced Payment Terms (P00071, P000145) (Doc ID 1460813.1)

Last updated on NOVEMBER 08, 2019

Applies to:

JD Edwards World Accounts Receivable - Version A7.3 cume 4 and later
JD Edwards World Accounts Payable - Version A7.3 cume 4 and later
Information in this document applies to any platform.

Purpose

This document describes how to set up the work day calendar in conjunction with a due date rule so that the system assigns a due date on the Friday that follows 45 days after the invoice date.  In other words, add 45 days to the invoice date, but then force the due date to be on the Friday that follows that date. Using this example, you can set up a due date to occur on any day of the week that you require.

Scope

This document is intended for anyone who sets up payment terms. The information is based on the functionality in release A9.2 Update 1, but documents the differences for earlier release levels.

This document does not describe all of the functionality for setting up Advanced Payment Terms.  See <document 626923.1 > (Understanding Advanced Payment Terms) for detailed information.

Details

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In this Document
Purpose
Scope
Details
 Overview of the Work Day Calendar
 Understanding the Work Day Calendar by Release Level
 Setting up the Workday Calendar
 Setting up the Due Date Rule and Payment Term
 Setting up the Advanced Payment Term
 Testing the Payment Term
References

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