Hello Guys,
I want to ask about cash flow forecast function.
Here my case:
I have PO with amount 33.000 USD with information:
PO Date: 23-Sep-2015
Term of Payment: 30 Days
Delivery Date: 27-Sep-2015
Period between delivery and invoicing: 1 Day
Invoicing Period: 3 Days
Settle Period: 7 Days
From my calculation, I will have settlement on:
Delivery Date + Term of Payment + Period between delivery and invoicing + Invoicing Period + Settle Period which is:
27-Sep-2015 + 30 + 3 + 1 + 7
Therefore the dates should be: 7-Nov-2015
However after I run forecast, the dates showed is 31-Oct-2015 which is after I checked, it is because "Settle Period" is not calculated in the forecast.
My questions are:
1. Is this really how system works? Or is there any set up that I missed?
2. When I post advance payment for this PO for 10%. Then I have -3300 amount posted. My assumption is this amount should subtract my previous forecast amount from 33.000 to 29.700. However the forecast is not changes although I also have different dates for product receipt or invoicing. Is system do not calculate the actual posting dates for cash flow forecast?
Thanks in advance for the help.
Regards,
M.H.