Payment Term -- From where it is getting defaulted

Question

hi,
i want to default the payment term from customer in AR to order management while creating the order?
i want some one in this forum to explain the sequence of payment term getting defaulted, i see the payment term defined in release r12 in many places bit confusing
1. Customer creation --- i see payment term
2. AR Transaction type -- I see payment term
3. i see a defaulting payment term in order management-- not sure how to do this?
Regards
sudharshan

Answer 1

Default Payment Terms Hierarchy
Receivables uses the following hierarchy to determine the default payment term for your
transactions, stopping when one is found:
1. Bill-to site
2. Customer Address
3. Customer
4. Transaction Type
I copied the above from the Oracle Receivables User Guide. It gives the hierarchy used to default the payment terms. As you can see, it will look to transaction type, but only at the end, not at the beginning. I suggest putting in an enhancement request to Oracle on this need. You would want to ask for an enhancement to allow each Oracle customer to set the Default Payment Terms Hierarchy at their installation. I think you could get other Oracle customers to support such a request. Does not help you today though. You would probably have to look at a customization if you really want this ability bad enough. It would be better if your company can learn to live with the current functionality. I guess you could always leave payment term blank for the first three steps and force a default to transaction type. If transaction type has no value, then you would get an error and have to manually key in the payment term. Not knowing your data and situation and company operations, don't know if you would have a lot of errors (and thus a real pain to enter), or just a very small number of errors and thus a viable option. Sometimes you do have to be creative in how you approach things. Hope this helps some.
John Dickey