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Manage Collection Strategies - Days before due date

Crocha
Explorer
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Hello!

I'm having a little trouble understanding the "Days before due date" configuration.

Does it influence the collections worklist like the other rules?

For example, if I setup 7 "days before due date" in collection strategies and post a billing document due within 6 days, does it appear in the collections worklist?

Thanks in advance,

Best regards.

OwenLiu
Product and Topic Expert
Product and Topic Expert
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Removed irrelevant tag.

OwenLiu
Product and Topic Expert
Product and Topic Expert
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Checking internally

Accepted Solutions (1)

Accepted Solutions (1)

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These settings influence the calculation of the Amount To Be Collected (which, in turn, can become part of the Collections Strategy via the appropriate Collection Rule).

Example:

A Business Partner has a receivable with the following due dates:

100,00 with terms of payment 3% in 10 days, 2% in 20 days, net due in 30 days. Baseline date is 05/01.

Scenario 1: Consideration of due date for cash discount, consider 6 days before due date.

  • From 05/05 to 05/11: 97,00 to be collected
  • From 05/15 to 05/21: 98,00 to be collected
  • From 05/25: 100,00 to be collected

For the due date grid, to 05/11 the conditions for the due date for cash discount 1 are used, to 05/21 the conditions for cash discount 2, and from 05/22, the conditions for net payment.

Scenario 2: No consideration of due date for cash discount, consider 6 days before net due date.

Here, total amount of 100,00 is to be collected from 05/25. The due date grid considers only the the due date for net payment.

Crocha
Explorer
0 Kudos

Thank you very much, the "Amount to be collected" rule was the missing piece.

Answers (0)