Conditional Payment Term

Summary

We need to derive the due date and discount based on Invoice Dates

Content

Hi,

Good Day!

We are trying to achieve the below payment term requirement for AP Invoices, but we were not able to quite figure out how to accommodate this requirement with currently available Oracle's Manage Payment Terms functionality for AP Invoices.

1% 25th, 10th, Net 30:
If Invoice date falls in between 1st to 15th of a month then its 1% discount if paid on or before 25th of the same month
If Invoice date falls in between 16th to 31st of a month then its same 1% discount if paid on or before