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Payment due dates

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Posted on 16 Dec 2022 03:48:30 by 10

Hello

Is there a way to set up a payment term that is due on a specific date?

Example: 

Customers will purchase throughout the year with all invoices becoming due on October 27th.

Thanks for any guidance

David

  • Suggested answer
    S.Kawamura Profile Picture
    S.Kawamura 1,520 on 16 Dec 2022 at 04:24:52
    RE: Payment due dates

    HI,

    Define payment terms with Due Date Calculation formula 'M10+26D' like below:

    pastedimage1671164221636v1.png

    My test result. 

    Posting Date Due Date
    2022/01/01 2022/10/27
    2022/08/31 2022/10/27
    2022/09/30 2022/10/27
    2022/10/01 2023/10/27
    2022/12/31 2023/10/27

    If you want to change the *boundary* dates, try the following formula.

    M11-1M+CM+27D

    I hope this helps you.

    S.Kawamura

  • Suggested answer
    Mohana Yadav Profile Picture
    Mohana Yadav 60,092 Super User 2025 Season 1 on 16 Dec 2022 at 04:23:07
    RE: Payment due dates

    Create a Payment Term with Due Date Calculation as "CY-2M-4D"

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