payment terms in AR-------R12.0.6

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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dileepkumar
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Joined: Mon Jun 02, 2008 7:24 am
Location: India

payment terms in AR-------R12.0.6

Post by dileepkumar »

Customer payment terms of letter of credit(L/C) and cash aganist document(CAD). in receivables

I have requirement from my client who is in a export business. he has customers who are paying in form of letter of credit(L/C) and cash aganist document(CAD).

How to map this requiremnt in Receivables in R12.0.6.
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tgs100
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Location: USA
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Post by tgs100 »

You should find out the number of days from the invoice date you will receive the payment from the customer and accordingly define the payment terms. In the case of 30 days L/C, it will be 30 days.

Cheers,
Saravanan TG
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