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

Last updated on MARCH 07, 2017

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

Sign In with your My Oracle Support account

Don't have a My Oracle Support account? Click to get started

My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms