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How to set up an AR Payment Term to 45 Days End Of (Doc ID 2074044.1)

Last updated on OCTOBER 08, 2018

Applies to:

Oracle Receivables - Version 12.1.3 and later
Information in this document applies to any platform.

Goal

R12 AR Payment Term 45 Days EOM

How can users create payment term for customers having 45 payment days from the statement date i.e end of month?
 
For eg:-

If invoice date : 05-Jul-2014 Payment date should calculate as 31-Jul-2014 + 45 days i.e. 14-Sep-2014
If invoice date : 25-Jul-2014 Payment date should calculate as 31-Jul-2014 + 45 days i.e. 14-Sep-2014.


If invoice date : 05-Aug-2014 Payment date should calculate as 31-Aug-2014 + 45 days i.e. 15-Oct-2014
If invoice date : 25-Aug2014 Payment date should calculate as 31-Aug-2014 + 45 days i.e. 15-Oct-2014.
 

Solution

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In this Document
Goal
Solution


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