How is due date calculated in Oracle accounts payable

Hello

On what basis is calculated to the due date of an invoice.

Say that payment terms are 10 days.

That only takes into account the days or weekends and holidays as well.

The due date is calculated on the basis of the date of invoice or the date of receipt?

Kind regards

Amanda

Hello

Please see the following content.

Of the APLIST, the calculated due Date is correct. The invoice was created the

May 17, 2010 and received was created on May 20, 2010. Later, when the Bill was

validated, the system has recalculated the payment as plans ' recalculate payment

Schedules has been activated.  The system has generated the due date as June 19, 2010, for a term of

-Net30.

Here's how the calculation of the due date:

---------------------------------------------------------------

--> In general, Due date get calculated based on the most recent available departure dates. Date the most recent available beginning is derived according to the following formula.

Greatest (Goods_Received_Date + Receipt_Acceptance_Days, Invoice_Date, Terms_Date).

-> In the algorithm above, Goods_Received_Date is a date which is filled on the invoice based on terms_date_basis to the provider/site level.

a. If terms_date_basis = "Goods received" so Goods_Received_Date get filled.

(b) if terms_date_basis = "Invoice received" or anything else then, Goods_Received_Date is null.

-> Receipt_Acceptance_Days is the number of days defined for "Receiving acceptance days" the tab invoice Options in Payables.

-> So, the due date is the most recent DATE of INVOICE, DATE CONDITIONS, GOODS RECEIVED ACCEPTANCE DATE + RECEPTION DAYS.

-> In the case of a corresponding invoice, the system takes into account the date of the Transaction of reception of the

Reception for the calculation of a recent start date, because sometimes the DATE OF RECEIPT of GOODS is zero.  This feature is available from the beginning only 11i. See bug #1655225 for more details.

a.So first system determines the recent date of GOODS RECEIVED DATE + RECEPTION ACCEPTANCE DAYS and TRANSACTION DATE of RECEIPT.

b.After that checks most recent date from the defined formula again.

-----------------------------------------------------------------------------

If the customer does not want the system to use "Date of receipt" and then disable "recalculate the payment plans.

If the customer wishes a new calculation, the system considers "Date of receipt" to a corresponding invoice.

Concerning
Gavin.

Tags: Oracle Applications

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