What is terms date basis?
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Answer / neehar ranjan sahoo
Terms Date Basis. Date from which Payables calculates a
scheduled payment for a supplier. The default is one of the
following Payables option you defined for Terms Date Basis.
o System. When you enter invoices, Payables defaults
the system date as the terms date.
o Goods Received. When you enter invoices, Payables
prompts you to enter the date you received the goods that
are included on the invoice as the terms date.
o Invoice. When you enter invoices, Payables defaults
the invoice date as the terms date.
o Invoice Received. When you enter invoices, Payables
prompts you to enter the date you received an invoice as
the terms date.
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / raj
Terms Date Basis is to calculate due date.
Due date is calculted 4way.
Eg: payment term is 30days
Due date = Sysdate + 30days
Due date = Invoice date + 30days
Due date = Goods Receive Date + 30days
Due date = Invoice Recived date + 30days
| Is This Answer Correct ? | 6 Yes | 2 No |
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