payment terms / due date formula

mweusten · 2010-06-03

Hi, this is my first post. Let's see if it works...

One of our clients has the following payment term: due date = posting date + 45 days, where payment will be effected on the 15th of the month after the 45 days will be over.

How can I get a due date formula in NAV5.0 that will calculate the payment date instead of the due date? Is it even possible to fix a "hard" payment date?

Thanks for your help!

BR

Maurice

vijay_g · 2010-06-03

Check code on OnValidate trigger of "Payment Term Code" field in Sales Header(36).

mweusten · 2010-06-08

Hi Vijay,

I can't find the OnValidate trigger, could you help? Is it in the C/AL?

Thanks,

Maurice

Alex_Chow · 2010-06-08

Words are confusing... :oops:

Can you list an example?

Let's say I invoice you today (6/8/10). What should be the resulting due date? And what do you mean by Payment Date? Do you mean it'll be automatically paid on a date defined?

mweusten · 2010-06-23

Example:

sales invoice date (posting date) = June 8, 2010
due date = invoice date + 45 days = June 8, 2010 + 45 days = July 23, 2010
effective payment date = next time it's the 15th of a month = August 15, 2010
In this case effective payment term is 68 days(!), but this changes of course with the posting date.

I would like to calculate automatically in NAV the effective payment date instead of the due date, as I do not want to summon my client earlier than his effective payment date (he wont pay earlier than that anyway).

Thanks.

Alex_Chow · 2010-06-23

+45D+1M-CM+15D

Savatage · 2010-06-23

didn't get a chance to fire up my date calculator

http://www.mibuso.com/dlinfo.asp?FileID=514

Alex_Chow · 2010-06-23

Wow! This is a great tool!

mweusten · 2010-06-29

Hi all,

thanks for your support. The given formula solves many dates, but not all:

sales invoice date (posting date) = June 30, 2010
due date = invoice date + 45 days = June 30, 2010 + 45 days = August 14, 2010
effective payment date = next time it's the 15th of a month = August 15, 2010

Using the date formula, I would get June 30 + 45D = August 14 + 1M = September 14 - CM = September 1 + 15D = September 16, so one entire month later. Is there a possibility to conditionally generate the right date? For example:

If due date < 15th of a month then due date = 15th of a month else due date = 15th of the next month

Alex_Chow · 2010-06-29

Not without modification...

mweusten · 2010-07-15

That's what I thought, too bad

Thanks all!

FDickschat · 2010-07-15

Not so fast. You can set up an if by first deducting the no. of days. This formula should do it:
-15D+45D+CM+15D (maybe -14D+45D+CM+15D, that depends on <15th or <=15th).

Tinius · 2013-01-07

Hi,
To get "the next 15th" of a month - use D15 keyword. Or any dates term (D,M,Y,W) prior to number to get the next date.

For example:
date1 := 2013 January 14
date2 := 2013 January 16

CALCDATE(<D15>,date1) will return January 15th
CALCDATE(<D15>,date2) returns February 15th

I'm sure you can do the rest. Well, at least that's how it work in NAV2009;

What I'm looking for is the term like:
exactly 75 days if the invoice is issued before 15th of any month, and 60 days if it's issued after 15th of a month..

Any ideas how to construct that?
Any help is appreciated. Thanks.

delaghetto · 2014-03-20

Sorry to rescue this old post.

I'm also looking for something similar, It would be great to do this withoud code modifications.

My requirement is:

- If the invoice date day is between the 1st and the 15th, Due date is next month's 10th day.
- If the invoice date day is between the 16th and the 31st, Due date is next month's 20th day.

Any ideas?

jglathe · 2014-03-20

Not without coding...

payment terms / due date formula

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