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Custom Payment terms

in Payables, Payments & Cash Management 4 comments

Hello, I have the following scenario where:

The Business Unit has the following agreement with specific suppliers for invoice payments:

  • Invoices received on or before the 15th of the month are due on the 20th of the current month.
  • Invoices received after the 15th of the month are due on the 20th of the following month.
  • A 6% discount is available, if paid in full within 8 days.

How can I create this custom Payment Term?

Thank you!

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