Cannot Create A New Payment Term In Receivables (End of Month + 68 Days) (Doc ID 1087990.1)

Last updated on AUGUST 24, 2016

Applies to:

Oracle Receivables - Version: 11.5.10.2 and later   [Release: 11.5.10 and later ]
Information in this document applies to any platform.
Define Payment Terms - RAXSUTRM

Symptoms

In Receivables create a Payment Term that calculates Due Date from End of Month plus 68 days.

In 'Cutoff Day' section, it is checked 'Last Day of the Month'
Seq 1:
Relative amount 100
Due (days): 68

Using the Payment Term create an invoice with Invoice Date 28-MAR-2010, Due date is calculated as 30-May-2010 and not 07-JUN-2010 as expected. 

Cause

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