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ReportAre you ready for some exciting changes around payment terms for Microsoft Dynamics GP 2015?!? For some time, we have heard from you in regards to the limitations with payment term offerings. For example, if the payment term is a discount date term, in previous versions, it would go to the next month and then the due date goes to the following month. This is another feature that you asked for and we hope you like the new capabilities.
With Microsoft Dynamics GP 2015, you will have the ability to set the Due Date based on Months, Month/Day or Annual. With this increased functionality, you will now have 8 different options for calculating the due date. That is pretty awesome! We have also added a new feature to help assist you in setting this option called the Calculate Action. This new action will allow you to set up a Payment Term, then calculate to see the potential Due Date and Discount Date based on your setup of the Payment Terms. We have taken out the guess work on how you want your Payment Terms to function! Here is what the new window looks like:
We have also made similar changes to the Discount field to include new options to calculate based off EOM(end of month), Next Month, Months, Months/Day and Annual. As you can see, this is a big change and we will address your current payment term settings when you upgrade to fit into these new options. Below is an outline of how you could potentially have your payment terms today, and then what we will populate the Calculate Date From Field based on your current settings:
|
Term |
‘Due Date’ and |
‘Discount Date’ set |
‘Calculate Date From’ to: |
|
If term has |
Any setting |
None |
Transaction Date |
|
If term has |
Net Days |
Days |
Transaction Date |
|
If term has |
Net Days |
Date |
Discount Date |
|
If term has |
Net Days |
EOM |
Discount Date |
|
If term has |
Next Month |
Days |
Discount Date |
|
If term has |
Next Month |
Date |
Discount Date |
|
If term has |
Next Month |
EOM |
Discount Date |
|
If term has |
Date |
Days |
Discount Date |
|
If term has |
Date |
Date |
Discount Date |
|
If term has |
Date |
EOM |
Discount Date |
|
If term has |
EOM |
Days |
Discount Date |
|
If term has |
EOM |
Date |
Discount Date |
|
If term has |
EOM |
EOM |
Discount Date |
|
If term has |
None |
Any Setting |
Transaction Date |
We are so excited to offer this increased functionality to make your day to day processing easier! Please offer your feedback once you get Microsoft Dynamics GP 2015 loaded and let us know what you think.
Until next time!
Deseree
For more information regarding Microsoft Dynamics GP 2015:
What's New for Microsoft Dynamics GP 2015 Blog Series!
For comprehensive videos - Applications
Microsoft Dynamics GP 2015 New Features - Applications
Microsoft Dynamics GP 2015 System Wide New Features
To go straight to the Downloads:
Microsoft Dynamics GP 2015 Product Download Page
Microsoft Dynamics GP 2015 System Requirements
Up to date information regarding Microsoft Dynamics GP 2015:
Microsoft Dynamics GP 2015 Upgrade Hot Topic
Full Documentation – Application New Features
Microsoft Dynamics GP 2015 - Applications
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