What is Proxima Payment Terms?

Answers were Sorted based on User's Feedback



What is Proxima Payment Terms?..

Answer / 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

What is Proxima Payment Terms?..

Answer / cnu

Please let you know the meaning of "MONTHS AHEAD=0" means it
will talk about to current month, and "MONTHS AHEAD=1" means
it will talk about to next month ok,

if transaction date is = 20 of feb,
cut off day is = 25
months ahead is = 0 or 1

it means it will pick up all transactions which are
entered from jan 20th to feb 19 and it post on 25 of current
month. if its 1 then it will post to next month simple....

Is This Answer Correct ?    4 Yes 0 No

What is Proxima Payment Terms?..

Answer / get me a job

Ur BSNL,AIRTEL or CITI bank bills are egs. Generated on a
particular day called cut-off date. eg: 25th of every month.

Is This Answer Correct ?    6 Yes 3 No

What is Proxima Payment Terms?..

Answer / dheeraj

A proxima payment term has Cut Off day, Day of Month and
Months ahead.

Ex: Cut off day=15, Day of month=20 and Months a head=1

When a transaction is raised on 10-Jun-2007. The transaction
date is before the cutoff day. So this transaction will be
considered for the current billing cycle and the due date of
the transaction will be taken at 20-jun-2007 since months
ahead is 1.

Is This Answer Correct ?    5 Yes 7 No

Post New Answer

More Oracle Apps Financial Interview Questions

Expalin sequence in brief in R12 in general Ledger module. what are major changes around this functionality?

2 Answers  


what are the setup from scrap in R12.?

1 Answers   Systems Plus,


what is orchitecture of oracle apps 11i and R12 ?

1 Answers   Accenture,


Can different SOBs share the same value set?

3 Answers  


What is the meaning of Deprecation

2 Answers   Wipro,






What is WHT in Financial Module and What would be tbe acc entry for the same?

3 Answers   Oracle,


what is the gap analysis, how do you defined.what are the pre- requisities

2 Answers   Tech Mahindra,


What r the Innovative solutions we create for that?

1 Answers   TCS,


How the system calculated the retained earnings in r12

1 Answers   IBM, Infosys, VLS,


Can any tell me about R2R FINANCIAL PROCESS?

5 Answers   Accenture,


How to Reconciliation AP to CM ? How to Reconciliation AR to CM ?

0 Answers   TCS,


What is Auto cash Rule Set in receivables ?

2 Answers   KPIT,


Categories
  • Oracle Apps Technical Interview Questions Oracle Apps Technical (547)
  • Oracle Apps Financial Interview Questions Oracle Apps Financial (793)
  • Oracle Apps Manufacturing Interview Questions Oracle Apps Manufacturing (53)
  • Oracle Apps HRMS Interview Questions Oracle Apps HRMS (169)
  • Oracle Apps CRM Interview Questions Oracle Apps CRM (9)
  • Oracle Apps SCM Interview Questions Oracle Apps SCM (141)
  • Oracle Install Base Interview Questions Oracle Install Base (62)
  • Oracle Service Contracts Interview Questions Oracle Service Contracts (101)
  • Oracle Apps AllOther Interview Questions Oracle Apps AllOther (114)