importance of baseline data

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importance of baseline data..

THE BASELINE DATE IS USED TO CALCULATE THE DUE DATE BY
TAKING INTO ACCOUNTS THE PAYMENT TERMS.ON APP THE BASELINE
DATE HELPS TO PICK THE RELEVANT INVOICES FOR PAYMENT.
DURING APP WHEN THE INVOICES ARE PULLED INTO RUN,THE SYSTEM
CHECKS THE NEXT PAYMENT DATE BEFORE PICKING INVOICES TO BE
PAID.
REGARDS
VENKAT REDDY

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importance of baseline data..

Answer / isoumo

To calculate the cash discount amounts and the due date of an invoice, the system requires a date from which it can apply the periods of the terms of payment. This date is the baseline date, which you enter in the field Baseline date in the line item.

For each payment term you define, you must specify a rule by which the system is to calculate the baseline date.

This rule consists of:

A default value for the baseline date
Further specifications for calculating the date
You set the default value for the baseline date by specifying whether you want it to be the document date, the posting date or the entry date of the document (see the figure above, 1.). If you do not want the system to default a date when you enter a document, you can set the appropriate indicator, in which case you must enter the baseline date manually during document entry.

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