Home / Brina no cam4 / Eom dating calculator

Eom dating calculator

The JD Edwards Enterprise One Accounts Payable and Accounts Receivable systems use the same payment terms; payment terms are not system specific.

You set up standard payment terms using the Payment Terms Revisions program (P0014).

Variations on this method include 2/10 net 40, 2/10 net 45, 2/10 net 60, 2/10 n 30 EOM (end of month), and more.

These terms may also be referred to in a variety of terms: 2/10 n 45, 2/10 n 60, 2/10 days net 30, 2 percent 10 net 30 days.

The price after any cash discounts is called the selling price.

Formula 3: Selling Price = Net Price (1-Rate of Cash Discount) **Three different Dating Methods: 1) Ordinary Dating 2) End-of-the-month (or proximo) Dating (EOM) 3) Receipt-of-goods Dating (ROG) Terms: For example, 5/15, 2/30, n/60 It is expressed as "the customer will get 5% cash discount if he/she pays within 15 days; while he/she will get 2% cash discount if he/she pays within 30 days; and the net amount in full within 60 days.

222 comments

Leave a Reply

Your email address will not be published. Required fields are marked *

*