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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Change Payment Terms o...
Microsoft Dynamics GP (Archived)

Change Payment Terms of an Open Invoice

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Posted on by OmarSoto100 80

Good Day:

  I am a newbie at this, so I apologize if the question is not very clear...  We are currently using GP2013.  At the time we create invoices in AP we do not know if the vendor will be able to accept credit card as a payment term.  We also automatically create invoices from a monitored email mailbox.  We would like to change the terms that an invoice will be paid from the default of the vendor to Credit Card or something else before the invoice is paid.  Is it possible to do this?

Thanks,

Omar

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    Mahmoud Saadi Profile Picture
    Mahmoud Saadi 32,738 on at

    Hello Omar,

    Welcome to the community,

    I believe we need to distinguish between two things, the payment terms and payment method. The payment which is entered on the invoice level (can be inherited from the vendor card as well) is considered in order to calculate the document due date. On the other hand, the payment method is filled on the payment transaction level, which determines the type of payment (credit, cash, check or credit card).

    In this essence, after posting the invoice, you can use the Edit Transaction Information window to change the due date

    Then you can proceed and pick the correct payment method when entering the payment, regardless of the payment terms entered on the invoice level.

    Your feedback is highly appreciated,

  • OmarSoto100 Profile Picture
    OmarSoto100 80 on at

    Mahmoud:

     Thank you for your response.  I have passed it along to the Accounting group.

    Omar

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