Maximum contractual period
This parameter is used to indicate the maximum number of days that the law allows to the companies to delay the due date of his open items. Only if BP is not a Public sector, it possible to have an agreement between the company and the customer.
It should be noted that this parameter is controlling the maximum value to indicate in PAYDAY field (BPEXCEPT).
Example: In Spain (June 2013), the maximum value authorized by law is 60 days. It means that it is possible to pay within 40 days because the value is included between 30 and 60 days. We can indicate 40 days in PAYDAY field if such a setup is needed.
Level of localization / Global variable
This parameter is defined at the level Company. It belongs to Chapter TC (Common Data) and the Group RSK (Risks and payments), The following parameters are also associated with this chapter and group :
- DMAXPAY (Maximum period (companies))
- DMAXPAYP (Maximum period (Public sector))
- INIBPRRSK (Risk BP initialization)
- PAYTERMVAL (Init payment conditions)
No global variable is associated with it.
Functions impacted
The following functions are associated with this parameter :
A/P-A/R accounting > Invoicing > Customer BP invoices
Activity codes
The following activity codes (sorted by type) are associated with the parameter :
MAXPD :
Maximum period (companies)