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How to Implement Payment Terms with Cutoff Days in R12 (Doc ID 1052906.1)

Last updated on DECEMBER 14, 2017

Applies to:

Oracle Receivables - Version 12.0.0 to 12.1 [Release 12.0 to 12.1]
Information in this document applies to any platform.
Form:ARXTWMAI.FMB - Transactions


Goal

In Release 11.5, users had the option of creating a payment term wherein you could specify a cutoff date. This payment term can then be used in any transaction, and would correctly calculate due date based on your cutoff settings.

In Release 12, with the introduction of the Balance Forward Billing feature, the option of creating a payment term in which you could specify a cutoff date is no longer provided in the form. The implementation of a cutoff was done by defining a balance Forward Billing Cycle and then associating this cycle to a payment term. Such payment terms were only made available to customers who were Balance Forward Billing enabled. This was very restrictive and required additional setup that was unnecessary especially for customers who were not interested in using the Balance Forward Billing feature.

Solution

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In this Document
Goal
Solution
References

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