Payment terms config - end of month

Hi
We have a request to configure a payment term to be "120 days from invoice date and end of month".
Meaning that invoice should be paid at latest: invoice date+120 days and then in the end of that month.
I am not sure how to configure that in the IMG (Sales->Master data->Business partners->Billing documents->Define terms of payment).
Does anyone know that would like to help?
Regards,
Lars

Hello,
Please copy an existing payment terms and then select the default for baseline date first, followed by
In the payment terms section,
a) Enter only the number of days as 120
and b) as the second option, you could enter the fixed date as 31.
Hope this helps.
Cheers,
MR

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sappassion2011 wrote:
Hi Guys,
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Hi,
Step 1.
Update baseline date logic in form U100 in the program RGGBS000 thru SE38. You may need ABAP consultant's help for this.
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Hi Fatima
A humble request to you to close your threads once resolved.
You can refer to this link to see your open Qs - (http://scn.sap.com/people/khurram.shehzad2/content)
To close a thread, you can
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Hi,
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Implement the following SAP Note.
https://service.sap.com/sap/support/notes/1316578
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Terms of payment (90 days net from invoice date end of month)

Hi
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Make the following entries in Tcode OBB8
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Arvind

Re : Payment Terms 40 days due on 10 th month

Needs Payment Term Configuration :
Payment Terms 40 days due on 10 th month
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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 -
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payment terms/ additional months = 1
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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

Payment terms config - end of month

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