Dynamics GP New Payment Terms

We have found many Dynamics GP users overlooking the new Payment Terms features added to the system back in GP 2015. A new field was added to the Payment Terms Setup window called Calculate Days From. The new field includes both Transaction Date and Discount Date so due dates may be calculated from the date a transaction was entered or based on the transaction due date.

Additional selections have been added for both Due and Discount fields so you can setup payment terms that go beyond the next month, even extending out a year or more or a specific date. In my example below, I have a terms code set to be due in June 1^st.

If you have payment terms outside of the normal business policies like Net30, discount for early pay, balance due at month end, and so forth, take a look at the newly redesigned payment terms options and see if you can better take advantage of this part of the system.