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How to Setup a Proxima Payment Term With A Typical Billing Cycle? (Doc ID 374260.1)

Last updated on AUGUST 11, 2022

Applies to:

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


In Release 11.5, Setup a Payment Term for the following requirement:

Invoices with transaction dates prior to the 20th of the month are due on the 28th of the same month, and transaction dates after the 20th are due the 28th of next  month.

For example:
Invoices with transaction date between January 1-19 are due on January 28th
Invoices with transaction date between January 20-February 19 are due on February 28th.


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