How to set up an AR Payment Term to 45 Days End Of
Last updated on DECEMBER 14, 2017
Applies to:Oracle Receivables - Version 12.1.3 and later
Information in this document applies to any platform.
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?
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.
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