Payment terms (30 days + End of month + 15 days)

[p_kumar1]

Hi All,

I have a requirement for a payment term where the net due date should be 30 days + End of the month + 15 days. No discount.

This means if the invoice date = 05/07/2023

Then due date should be 05/07/2023 + 30days = 05/08/2023 + EM =31/08 + 15days = 15/09/2023

I tried to configure but could not find any such possibility.

Can you please advise how to achieve this.

Thanks in advance.

Best regards,

Praveen.

[Bohdan]

Hi p.kumar1,

I'm not sure it is possible to set-up payment terms to address this requirement via configuration only. But you can definitely do something like that with a bit of enhancement. Please check out my blog post on this topic. It explains how to use user-exit-based accounting substitution to achieve such a requirement.

Alternatively, you can consider the use of BTE-event 1120. Check out another post which provides some recommendations on that.

Regards,

Bohdan