web
You’re offline. This is a read only version of the page.
close
Skip to main content

Notifications

Announcements

No record found.

News and Announcements icon
Community site session details

Community site session details

Session Id :
Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Payment Term set up to...
Microsoft Dynamics GP (Archived)

Payment Term set up to 2nd day of 2nd month

(0) ShareShare
ReportReport
Posted on by JBS ERP 1,175

Hi

I need a help on setting up a payment term in Dynamics GP 2010.

We need a customer whom payment term is 2nd day of 2nd month. For example, the invoice date is 10/20, and then the due date should be 12/2.

However, I can only set up to 2nd days of next month on the payment term setup window. (Setup >> Company>> payment terms) I could specify the day as 2, but I can only select next month, not 2nd month.

I tried to use the EOM with grace period. However since the due date is always 2nd of the 2nd month, the date of the month will not be set as 2nd.

Please let me know how I can setup the due date as 2nd day of 2nd month in GP.

Thank you in advance.

*This post is locked for comments

I have the same question (0)
  • Verified answer
    Bradley Gehrls Profile Picture
    Bradley Gehrls on at

    Hello,

    Thank you for using Microsoft Online Communities.  I understand that you would like to setup payment terms for to be due on the second 2 of the second month.  After doing some further research and testing on this issue there is not a way to setup a payment terms that would make the invoice due on the second day of the second month.

    There is a work around that could be used to make the due date the second day of the second month.  When you go into either the Receivables Transaction Entry window or the Payables Transaction Entry window depending on which module you are using.  When you go into the window there is an expansion arrow next to the Payment Terms field.  If you click that expansion arrow you will see the Payment Terms Entry window open.  In this window you can change the Discount Date and the Due Date for this invoice.

    The only downfall is you would have to do this for each invoice that is entered in the system.  

    If you have any other questions please let me know.

    Best regards,

    Brad G

    Microsoft Dynamics GP

    We hope you get value from our new forums platform! Tell us what you think

    community.dynamics.com/.../default.aspx

    This posting is provided AS IS with no warranties, and confers no rights

  • JBS ERP Profile Picture
    JBS ERP 1,175 on at

    Hi Brad,

    Thank you for your response.

    I understood that we can control the payment term on Receivable Transaction and Payable Transaction. However, I need the term to be controllable on SOP Transaction window. I guess it is not possible unless we create the add-on.. Is that right?

  • Bradley Gehrls Profile Picture
    Bradley Gehrls on at

    Hello,

    Thank you for the update.  I understand that you are wondering if this would be possible to change the date on the payment terms on a Sales Order Invoice.  When going into the Sales Transaction Entry window and click the expansion arrow next to the customer id it will open the Sales Customer Detail Entry window will does have a payment terms field but does not have any expansion arrow from that field.  So when you post the invoice it will use the payment terms and post an invoice to the RM side where you would not be able to go in and change the dates for that invoice.  So as you mentioned this workaround would only be for RM and PM, not SOP or POP.  Right it might be possible with a customization to have the ability to change what is available for the payment terms and dates in the SOP and POP windows.

    If you have any other questions please let me know.

    Best regards,

    Brad G

    Microsoft Dynamics GP

    We hope you get value from our new forums platform! Tell us what you think

    community.dynamics.com/.../default.aspx

    This posting is provided AS IS with no warranties, and confers no rights

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

Responsible AI policies

As AI tools become more common, we’re introducing a Responsible AI Use…

Neeraj Kumar – Community Spotlight

We are honored to recognize Neeraj Kumar as our Community Spotlight honoree for…

Congratulations to the November Top 10 Community Leaders!

These are the community rock stars!

Leaderboard > 🔒一 Microsoft Dynamics GP (Archived)

#1
mtabor Profile Picture

mtabor 1

Last 30 days Overall leaderboard

Featured topics

Product updates

Dynamics 365 release plans