Hi,
We have a requirement where the 30 days payment terms for collective invoices should follow based on days of the week on which the child contract accounts are invoiced,
For example,
Contract Account 1 - Invoiced on 02/02/2016 (Week 1)
Contract Account 2 - Invoiced on 03/02/2016 (Week 1)
When collective invoicing is performed for the above Contract Accounts (linked to same Collective Contract Account), The collective invoice should take base line date as 07/02/2016 and add 30 days for Due Date.
Similarly, if the Child invoices are billed in different days of the weeks, when Collective invoicing is processed, it needs to pick up 7, 14, 21 & 28 as the fixed baseline date based on child invoices date and add 30 days as payment terms to arrive at due date.
Is it possible to create a Payment term which can be assigned at collective contract account to meet the above requirement?
If yes, can you please guide me on the parameters to be maintained in the payment terms creation?
Thanks,
-Murthy