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What is Proxima Payment Terms?

Answers were Sorted based on User's Feedback

What is Proxima Payment Terms?..

Answer / shravan kumar

A proxima payment term has Cut Off day, Day of Month and
Months ahead.
Ex: Cut off day=15, Day of month=20 and Months a head=1

When a transaction is raised on 10-Jun-2007. The
transaction date is before the cutoff day. So this
transaction will be considered for the current billing
cycle and the due date of the transaction will be taken at
20-jun-2007 since months ahead is 1.

Is This Answer Correct ?    4 Yes 2 No

What is Proxima Payment Terms?..

Answer / suresh

cut off day and month and monts heads

Is This Answer Correct ?    1 Yes 3 No

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