Payment Term for 1st of the Quarter

Hi,
Need a new a payment term which should be due on 1st of the quarter. Our Fiscal year yr starts from Jan to Dec.
If I raise invoice in Sep 16th,2010, Due date should be 1st of Oct 2010
If I raise invoice in Oct 20th, 2010, Due date should be 1st Jan 2011.
How to configure the Payment term ?
Regards
Pratap

Hi Pratap,
Case I If I raise invoice in Sep 16th,2010, Due date should be 1st of Oct 2010
Payment Terms - ZV001
Day Limit - 16
Fixed day - 1
Additional month - 1
Then once again go for new entry and provide the details as
Case II - If I raise invoice in Oct 20th, 2010, Due date should be 1st Jan 2011.
Payment Terms - ZV001
Day Limit - 31
Fixed day - 01
Additional month - 3
You need to apply enhancement in FI substitution, where program logic update above payment terms based on quarter in the document line item.
Regards,
Santosh

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