Oracle Payables - Proxima Payments Terms

Hi
Could anybody please explain me the relevance of Proxima Payment Terms and where is it used ?
Regards
Siva

Hi
Proxima Payment terms are used for Consolidated Billing in Oracle Receivables to determine the Payment due date when you create consolidated Invoice for the deliveries made in different dates
Refer Metalink note #374260.1
hope this helps
Regards
Sivakumar

Similar Messages

Proxima Payment Terms

Dear Experts,
is there any scenario to use "Proxima Payment" Terms in Oracle Accounts Payable
Thanks
Bharath

You can refer following notes but this is for AR, not sure about AP...
How to Setup a Proxima Payment Term With A Typical Billing Cycle? (Example: Credit Card Cycle) [ID 374260.1]
thanks

AP Payment Terms

Hello
Could you please help me with the below mentioned issue
We have two payment terms
A15TH_P30TH3% (1st – 15th)
A30TH_P15TH3% (16th – 31st)
“Invoices arrived till the 15th, pay on the 30th – invoices arrived till the 30th, pay on the 15th of the following month with 3% discount”
So invoices from the 1st – 15th we pay on the 30th with discount
Invoices from the 16th – 31st we pay on the 15th of the following month with discount
The Supplier payment-term in this case is A15TH_P30TH3%, because each supplier could only have one payment-term.
For each invoice from 16th-31st of the month we have to change the payment-term to A30TH_P15TH3% to get the discount.
If we forget to change the payment-term we lose the discount.
We use this payment-term really often because we only pay on the 15th and 30th or 31st of the month.
Is it possible to get a solution that we only need one payment-term for this first and second half of the month – payment term.
Thanks for your help

Hi,
You do not need to create two payment terms. What you require here is proxima payment term.
While defining the payment term in AP, enter "15" in the cut off day. In the "Due" Tab, enter "31" in Day of Month and "0" in months ahead. In the First Discount Tab, enter 3% discount and "31" in Day of Month and "0" in months ahead.
Now, the system will automatically take due date for all the invoices received till 15th as 31st of the current months and for all the invoices received after 16th as 31st of the next month.
Attach this Payment Term to the Supplier and use it for all the invoice. No need to manually change it while creating the invoice.
I hope this functionality is available in the Application Version, you are working on.
Gajendra

AP Payment terms ( discount ) end on week end

Hi Gurus
I have a situation where payment terms for an invoice falls on Saturday.So when when we run it on following Monday it disallow the discount ( 2% ). We pay manually with 2% discount.How can we resolve this issue of discount date falling on week end ?
Kindly give me some solutions please ?
Thanks
Satya

Hi,
You do not need to create two payment terms. What you require here is proxima payment term.
While defining the payment term in AP, enter "15" in the cut off day. In the "Due" Tab, enter "31" in Day of Month and "0" in months ahead. In the First Discount Tab, enter 3% discount and "31" in Day of Month and "0" in months ahead.
Now, the system will automatically take due date for all the invoices received till 15th as 31st of the current months and for all the invoices received after 16th as 31st of the next month.
Attach this Payment Term to the Supplier and use it for all the invoice. No need to manually change it while creating the invoice.
I hope this functionality is available in the Application Version, you are working on.
Gajendra

Enforce payment as per payment term given on sales order

Hi Everybody
I have created a sales order and given the payment term thereon. I want to build a check that system should not let the user ship confirm if amount has not been received as per payment term. Is there any standard solution or any workaround or personalization that can cover the above scenario.
Regards
Masood ul Hassan
Edited by: 875050 on Jul 26, 2011 10:20 PM

Hi Masood,
This can be achieved by linking the credit check rule. Payment term is one of the components for credit check.Order lines with a given payment term. Credit check can be set at different levels like booking, picking and shipping.
For example,
With Order Management and Oracle Receivables, the payment terms also have a Credit Check flag. Disabling this flag will automatically exclude order lines with that payment term from the credit evaluation. Only those lines that have payment terms with credit checking turned on are compared against the credit limits.
For refernce:
Oracle® Order Management
Implementation Manual
Part No. E13406-04
17-4 Oracle Order Management Implementation Manual
Thanks
Nancy

Oracle R12 Payables Manager SETUP Payment Terms problem

Hi, I want to ask whether someone can resolve the following problem when I am trying to setup the Payment terms in payables manager:
"Oracle: error - 20001: ORA-20001: APP-FND-02901: You do not have access privileges to any operating unit. Please check if your profile option MO: Security Profile includes any operating unit or the profile option MO: Operating Unit is set. has been detected in MO_GLOBAL.INIT."
The Primary and Secondary Ledgers are setup with all statuses on completed (green checked). There is a Business group associated with a Operating Unit , as well as all responsibilities are linked and on visible and editable.
Thank you in advance!

Hi,
not having more than one operating unit does not mean that you are not using Multi Org, as long as you have a BG,LE, Ledger, OU ... it is a multi org environment.
You do not need to define a security profile for MOAC ... you have to select the value for MO:Security profile which would be your Business Group ...(If you are using the seeded one, it would be Setup Business Group)
The place to tell whether your environment is multi org or not, is during the installation of the application i guess...
Now, you not perform any additional setup for making the security profile available ... your BG would be your security profile value.....
Switch responsibility to System Administrator, navigate to Profile > System , query for your responsibility name and the profile option MO: Security Profile, and set the value (i.e. your business group) name at the site level ...
Re-test the issue ....
Regards,
Ivruksha

Need help -- Oracle Financial 11i vs r12 (Oracle Payable and Oracl Payment)

Dear all
I'm newbie in Oracle Application and request for your help to answer my questions.
Background:
Three years ago, my company was planning to implement ERP Oracle Financials.
To facilitate the plan, an open bidding was established to find the best implementing company with affordable price.
The bidding document was created when Oracle Financials was 11i.
When the contract was signed 2 years ago, by my company and the winning company, it is mentioned that the version installed must be the latest one.
At the response to requirements, the winning company stated that the payment activity will be facilitated by Oracle Payable.
Now, the project is going on and the Oracle has the r.12 version.
Problem:
At 11i, there was only one module related to payment activities, i.e. Oracle Payable.
At r.12, Oracle has a new modul, i.e. Oracle Payment, which was subdomain of Oracle Payable.
Question:
1. Is my opinion about the relationship between Oracle Payable and Oracle Payment above correct?
2. Does my company has its right to ask for Oracle Payment in the installation?
3. If the answer to number 2 is yes, what is the base for it?
Thank you for explanation.
Sorry if I raise a too-simple question.
Regards,
Dodydh
Edited by: 840286 on 28-Feb-2011 03:28

Hi Dodydh,
I am afraid, your statement 'At r.12, Oracle has a new modul, i.e. Oracle Payment, which was subdomain of Oracle Payable.' is not correct.
Oracle Payments is an upgrade version of Oracle iPayments of 11i and this module is expected to serve Self service modules. But Payment Batches which is part of Oracle Payables has been moved to Oracle Payments.
You can very well ask them to implement Payment Batches (Processes relating to Funds Disbursement) but not the entire module.
Please let me know if you require further info.
Regards,
Sridhar

Cancelled payments accounting status stands in "Partial" R12 Oracle Payable

Dear Friends,
Cancelled payments accounting status stands in "Partial" R12 Oracle Payable even after submitting Actions-->Create Accounting-->Final.
There is no error in create accounting program....
I could not close the period.
Your prompt help in this issue will be Appreciated.

Hi,
do the following procedure
Intended functionality as Create Accounting - Payments was ran with the ERRORS ONLY parameter set to YES.
Errors Only Parameter is a required field, if set to YES it limits the creation of accounting to those events with error status only. If intent is to run Create Accounting - for all erred or unprocessed event then parameter should be set to NO.
Regards,
Raju

Setting Payment terms in PO linking to base line date for payables.

Hi
can some help me by giving me simple steps to create the payment terms which will be captured in PO and payment is made with reference to baseline date.
Example :
1. payment in 15 days from the date of GRN posting date. while doing MIRO, the base line date will be proposed 15 days from the date of GRN posting date.
2. payment in 30 days from the date of GRN posting date. while doing MIRO, the base line date will be proposed 30 days from the date of GRN posting date.
while doing MIRO, the base line date will be
rgds
Raghu

Hi
There is no link between GRN posting date and proposed base line date for payment in MIRO. All that you can link is the posting date/ document date in MIRO etc with base line date calculation in invoice.
Create a new payment term with posting date (the current date will be defaulated as posting date in MIRO always) and with some payment discount terms say after 15 days etc..
Thanks

Payment terms Payables - Can a discount period be longer than the Due Date

My client regularly pays their supplier invoices beyond the due date but yet deducts the early payment discounts
anyway
I have tried unsuccessfully to create payment terms that would have the correct due date ex Net 30
But would nevertheless calculate the discount they wish to take even beyond that due date
For example try to set up a payment term 2% 60 Net 30
But the discount is always canceled beyond the due date even if I set the discount period to go beyond the due date
Now it is true they could still manually take it but the system would no longer calculate it for them
The only way I think I can make this work is to make the due date period equal to the discount period
So 2%60 Net 60
Am I missing something here
The client used to be able to do this automatically in his old Accpac dos system (take the discount anyway)
Any comments would be appreciated
Thank you
Georges Ostiguy

Hi Georges,
the application considers the due date as the pertinent date & uses this date to calculate discounts, ageing reports etc.So this date cannot be used as 'merely advisory'. This is also the reason why this date is always the last date where the application allows an automatic discount calculation to.
It is possible to manually change the due date of AP invoices & then adjust the 'Cash Discount Date Offset' field in the accounting tab of the document. This then allows an automatic re-calculation of the discount according to the payment terms & the updated due date.
Since your customer uses the due date on the AP invoice received as an FYI only, you could let them enter this date in the BP Reference field on the document in addition to the actual vendor refenece number & then make that column visible in Step 6 of 9 in the payment wizard. Then maintain the actual due date as decided by your customer in the document & adjust the cash discount offset date.
All the best,
Kerstin

End Date Payment Terms in Oracle Receivables

Hi,
I would like to know if a particular 'Payment Term' can be end dated even if there are invoices with - a) open receivable balance b)Unposted accounting lines..
Thanks,
Madhu

Hi, You can create UDFs for Roles in catalog search.
These UDFs can be made visible in Role similar to Role Owner and different fields which appears in the bottom of catalog search page.
HTH,
~J

In AP invoice i need to make "Terms date " field to calculate the date automatically when i select the payment terms

In AP invoice i need to make "Terms date " field to calculate the date automatically when i select the payment terms.
How can i do this?

Hi,
You can select the Payment Term at PO Header Level.
When you book an invoice, that Payment Term will automatically defaulted to Invoice.
You can define Payment Term in AP.
Payment terms have one or more payment terms lines, each of which creates one scheduled payment. Each payment terms line and each corresponding scheduled payment has a due date or a discount date based on either a specific day of a month, such as the 15th of the month, or a number of days added to your terms date, such as 14 days after the terms date.
Payment Terms (Oracle Payables Help)

Payment terms requirement

Hi All,
plz have look on my clent requirement In Account payables.
Regarding the Payment terms for different vendors following are the scenarios:-
· For Material
o 25% payment advance against corporate guarantee, 65% with in 30 days after receipt of material at site and balance 10% with in 30 days on completion of Erection & Commissioning of Towers.
o 25 % payment advance against Advance Bank Guarantee or Dispatch Documents or Corporate Guarantee, 75% with in 30 days after receipt of material at site.
o 100% payment with in 30 days from the date of supply on submission of PBG of 5% of Value valid for 12 months from the date of invoice.
o 20% payment advance against ABG or dispatch documents, 70% with in 30 days after receipt of material at site and balance 10% on submission of PBG of 10% PO value valid for 24 months from the date of supply.
o 100% payment with in 30 days from the date of supply of material
· For Services
o 20% Adv. against PBG,30% on Completion of Civil Works,40% on Site RFE,10% against PBG valid for one Year.
o 100% payment after 30 days from Civil Completion.
o 90% with in 30 days on completion of Erection/Installation & Commissioning of Tower/PMU & balance 10% with in 30 days on Acceptance Test.
o 100% payment with in 30 days on completion of erection & commissioning of DG set.
Considering the above scenarios following payment form of Oracle is difficult to populate, as it only understand the number of due days against different payment headers, for the same kindly share your comments.
Plz provide the solution on this
Thanks
Srikanth

hi
Edited by: user575674 on Mar 2, 2009 3:26 AM

Payment terms for special G/L

hi
Is there any configuration I can to to use payment terms with special GL indicators for customer ou vendor documents.

Dear Krisna,
To make the fields You need ready for input for posting
with special G/L indicator, the following Customizing setting is
necessary:
Financial Accounting -> Accounts Receivable and Accounts Payable ->
Business Transactions -> Outgoing Payments -> Automatic Outgoing Payment
-> Payment Method/Bank Selection -> Configure payment program -> All
company codes -> double-click on corresponding company code -> under
Vendor -> 'Sp. G/L transactions to be paid' you should enter the special
G/L indicator A,B,C, etc.
As explained in SAP note 4683, the only standard possibility to get the
field payment terms on creating a posting with a special G/L indicator
is by setting in the payment program configuration (trans. FBKP) for
'All company codes' for customers/vendors 'Sp. G/L transaction to be
paid'.
I hope this helps You.
Mauri

Re : Payment Terms 40 days due on 10 th month

Needs Payment Term Configuration :
Payment Terms 40 days due on 10 th month
Regards
Chandu

Hi,
I presume that your requirement is 40 days due and payable on the 10th of next month.
Here is my suggestion with an illustration.
You can create a payment term, say xxxx, with -
day limit = 2
payment terms / fixed date = 10
payment terms/ additional months = 1
and another payment term, with the same name xxxx, with
day limit = 31
payment terms / fixed date = 10
payment terms/ additional months = 2
This will work as follows -
An invoice dated 1st March, will get paid on April 10th, due date having fallen on April 9th
An invvoice dated 2nd March will get paid on April 10th, due date having fallen on April 10th
An invvoice dated 3rd March will get paid on May 10th, as it will be only 39 days due on April 10th
An invoice dated 1st April, will get paid on May 10th, due date having fallen on May 10th
An invvoice dated 2nd April will get paid on June 10th, as it will be only 39 days due on May10th
An invvoice dated 1st Feb will get paid on April 10th, as it will be only 38 or 39 days due on March10th
As majority of the months have 31 days, I came to a logical conclusion that the day limit can ideally be 2. However, you can decide a date that best suits your requirement.
Regards,
Mike

Oracle Payables - Proxima Payments Terms

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