What is terms date basis?

Answer Posted / neehar ranjan sahoo

Terms Date Basis. Date from which Payables calculates a
scheduled payment for a supplier. The default is one of the
following Payables option you defined for Terms Date Basis.
o System. When you enter invoices, Payables defaults
the system date as the terms date.
o Goods Received. When you enter invoices, Payables
prompts you to enter the date you received the goods that
are included on the invoice as the terms date.
o Invoice. When you enter invoices, Payables defaults
the invoice date as the terms date.
o Invoice Received. When you enter invoices, Payables
prompts you to enter the date you received an invoice as
the terms date.

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