How to Setup a Proxima Payment Term With A Typical Billing Cycle? (Example: Credit Card Cycle)
Last updated on SEPTEMBER 25, 2017
Applies to:Oracle Receivables - Version 188.8.131.52 to 184.108.40.206 [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.
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.
For information on how to set up a similar payment term in Release 12, please review
<Note 1052906.1> How to implement payment terms with cutoff days in R12
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