A reporting transaction that shows the company's debt to each supplier, depending on how long that debt has been outstanding.
the Maturity of an invoice results from the terms of paymentwhich determine by when a payment must be made.
2. terms of payment
- Determine how long a company has to settle an invoice.
- Can be defined individually for each supplier and stored in the master data.
- Can include fixed deadlines (e.g. ?14 days net?) or certain days of the month.
- Cash discount conditions can be integrated.
- Are automatically transferred to vouchers, but can be customised.
3. due date
- Is automatically selected from the stored terms of payment calculated.
- Can be adjusted manually.
- Is used in incoming invoices and serves as the basis for payment runs.
- With Payment by instalments the due date is calculated separately for each instalment.
4. link with vouchers
That Due Date is used in several business processes:
- In incoming invoices for monitoring payment dates.
- In orders for planning delivery dates.
- in the Payment wizardsto take into account invoices that are due.
5. reports on due date monitoring
SAP Business One offers Maturity reportswhich:
- All open items according to Due Date show sorted.
- Inform about overdue invoices and help avoid interest on arrears.
6. reminders and interest on arrears
- Overdue invoices can be processed via the dunning process.
- Reminder fees and late payment interest can be calculated from the due date.
7. payment assistant & payment blocks
- Supports the Automatic payment processing based on due dates.
- Payment blocks prevent certain invoices from being taken into account for payment.
8. cash discount and liquidity management
- Discounts are calculated for early payment in accordance with the terms of payment.
- The management of due dates is essential for the Liquidity planning and helps to avoid unnecessary costs due to late payments.
9. connection with customers
- If a supplier simultaneously customer open transactions can be summarised and reconciled in the due date reports.
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