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June 25, 2016

6/25/2016 04:54:00 PM
Oracle Receivables Invoices

Is it possible to have one invoice with 3 different due dates, and 3 different due amounts? 
So an order that totals $1000 would have one invoice but due dates of 
Each due date would have an amount due of $333.33

Yes :
Receivables lets you define standard payment terms for your customers to specify the due date and discount date for their open items. Payment terms can include a discount percent for early payment and you can assign multiple discounts to each payment term line.

For defining split payment terms

To enter an invoice with split payment terms:

    1. Navigate to the Transactions window.
    2. Enter general information for this invoice. See: Entering Transactions.
    3. Enter the name of your split payment term in the Terms field, or select this payment term from the list of values.
    4. Save your work. If you are ready to complete this invoice, see: Completing Transactions.
To define payment terms

. Use define Payment terms screen
     Enter a line number for the installment term that you are defining in the 'Seq' field. Enter a higher number for each installment term with a later due date. 
    For example, if you create terms with 50% due in 15 days and 50% in 30 days, 
    enter '1' in this field for the first line and '2' for the second line.

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