What Are Term Date Basis & Pay Date Basis?

1.	What Are Term Date Basis & Pay Date Basis?
Answer» TERM date basis: Date from which the DUE date will be calculated based on the payment term. Pay date basis: Selection criteria of INVOICES based on the due date or SCHEDULED discount date. Term date basis: Date from which the due date will be calculated based on the payment term. Pay date basis: Selection criteria of invoices based on the due date or scheduled discount date.

Answer»

TERM date basis:

Date from which the DUE date will be calculated based on the payment term.

Pay date basis:

Selection criteria of INVOICES based on the due date or SCHEDULED discount date.

Term date basis:

Date from which the due date will be calculated based on the payment term.

Pay date basis:

Selection criteria of invoices based on the due date or scheduled discount date.

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