day limit means? lgs

Answer Posted / reshma

Day Limit is an option given in "Maintain Payment Terms".
It is used to define terms of payment that are "date-
dependent". Thus, you can define 1 payment term with
different day limits.
E.G.
1) 0008 15(day limit) Invoices posted upto 15th of the
month will due on 31st of the same month.

2) 0008 31 (day limit) Invoices posted upto 31st of the
month will due on 15th of the next month.

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