Hi,
I have following requirement, please advise
If a supplier is 45 End of Month (45 EOM Payment Term) – they would be paid 45 days from the end of the month the invoice is received (i.e. 45 days from the end of April). So if an invoice was received today (2021-04-08), we would pay them on 14th June at the earliest (31 days in May + 14 days in June = 45 Days) .Please note that this payment term has been granted to us by the supplier
In IFS, if we check “End of Month” in payment term and set 45 Days as “Days to Due Date”, system give priority to “Days to Due Date” and then apply the “End of Month” as a result due date becomes 30th of May .
BR
Champika
