Receivable Payment Term setup
Oracle EBS R12 version 12.2.11 | Product: Receivables
Hi everyone,
I'm looking to setup a new Receivables Payment Term in Oracle EBS R12 which is rather a specific Term. The payment term has to comply with the below example:
Criteria 1: IF the invoice is issued between the 1st day of the month and the 12th day of the month, due date would be on the 12th day of the month +30 days example with May 2025:
→ Invoice issued on 3rd of May, then it would be due on 12th of June (12th of May + 30)
Criteria 2: IF the invoice is issued between the 12th of the month and EOM, it would be billed 12th of the month +60