Receivables - EBS (MOSC)

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Dynamic Payment Terms in Receivables

edited Jan 24, 2018 7:52AM in Receivables - EBS (MOSC) 3 commentsAnswered

Hi,

How to set up below dynamic payment term in Receivables.

3% 15 days, sliding to 0%, net 45 (daily rate 0.10%)

Payments made between the sixteenth (16th) day and the forty-fifth (45th) day

may be discounted at a rate equal to one-tenth of one percent (0.10%), multiplied

by the number of days remaining from the date of payment to the forty-fifth

(45th) day.

Eg. If payment is made on the twenty-fifth (25th) day, which is twenty (20) days earlier

than the original net 45 payment due date.

The amount of the discount is two percent (2.00%), which is

twenty (20) days multiplied by 0.10% per day.

Thank you,

Megan

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