PAYMENT DUE DAYS Application Setting

Group.  Cashiering

Type.  Parameter

Application.

PMS

Description. Ability to define on the account, the number of days after which the invoice should be paid. If Month End Calc. check box is also selected, the specified number of days will be added to the last day of the month of bill generation date to determine the date after which the invoice should be paid.

Internal Name. PAYMENT_DUE_DAYS

Property Determination. Activation of this parameter gives a property the ability to specify the number, 0-999, of Pay Days for the AR Account of a profile. And when the Month End Calc. check box is selected, then the Payment Due Days value will be taken from the last day of the month for the bill generation date.

Activation / Inactivation Rules.

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Available Values.

Y-Yes N-No

Add On Licenses/Country Specifics.

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Other Application Settings.

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Affected Areas

Menus / Screens / Fields.

Reservations>Profiles>Stats & Info Tab>Information Tab>AR No. AR>Account Maintenance>Options>Account Setup>Payment Due Days AR>Account Maintenance>Options>Account Setup>Month End Calc. check box Configuration>Setup>Screen Design>List of Values Maintenance>LOV Group Maintenance>Pay Days Configuration>Setup>Screen Design>List of Values Maintenance>LOV Value Maintenance>Pay Days

Reports & Report Forms.

sample_folio

Permissions.

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Notes.

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The following example displays how the functionality for the AR Payment Due Date works when the Month End Cal. check box is selected for the AR Account.

For Example

If a folio is settled to Direct Bill on March 21, 2012 and the Payment Due Days field is set to 45 Days with the Month End Calc. check box selected for the AR Account, the AR Payment Due Date will be displayed as May 15, 2012.