Answer Posted / manoj
In proxima payment term to determine the due date of the
installment, it requires 3 details :
Cut Off day, Day of Month and
Months ahead.
Ex: Cut off day=20, Day of month=25 and Months a head=1
transaction raised on 15-Jun-2007
Here cut of day is 20th, the payment cycle is 20th of last
month to 19th of this month. So for this example payment
cycle is 20-may to 19-june, 2007.So the transaction date
falls in this current billing cycle, and months ahead is 1,
due date will be taken as 25th july.If months ahead is 0,
then due date will be 25th of june.
| Is This Answer Correct ? | 16 Yes | 0 No |
Post New Answer View All Answers
SLA usage ans how to define setups?
What kind of necessary ap information you gather from the client?
explain your project plan with exam pal? i am preparing inter view .............
What is Work Flow of AP,AR, Sales & Purchase
What is meant RD020
Hi guys, any person available ap,ar material pls send me this mail.id sreenathapps09@gmail.com
Charge Back Setups ?
What is the meaning holding tax?
How do write a discoverer report to identify zero dollar suppliers/invoices where the supplier is on hold?
please explain with examples the below mentioned "Creating the end to end business scenarios and executing the scenarios to perform the regression testing".
What is the Process of Reconciliation Between AP to GL
payment types and payment methods.
What is the procedure for requition import?
How do u bridge the gaps in functional understanding of AP,GL,FA. explain with some live examples.
Hi I'm new in ERP - Oracle Application i appriciate if any one help me in this issue i need SQL to get badeget balance Acutal Balance Encumbrance Balance fund Avalable thanx ahmed
