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

Last updated on MAY 29, 2024

Applies to:

Goal

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-Aug-2014 Payment date should calculate as 31-Aug-2014 + 45 days i.e. 15-Oct-2014.
 

Solution

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