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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / Specific payment date
Finance | Project Operations, Human Resources, ...
Suggested Answer

Specific payment date

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Posted on by sk1981 165

Hello,

How do I set a specific payment month. So, regardless of whether the order is placed in September, October, November, December, the first payment is always due in May 2023  by the 1st or 15th for example. How can this be done using payment terms, schedule and days? 

Or is this something that can be done on the Sales Order?

Thanks in advance.

I have the same question (0)
  • Suggested answer
    Charlotte X Profile Picture
    Charlotte X on at

    Hi sidrakhan,

    The same question is mentioned in the following post, and the answer has already been verified.

    (+) Payment Term Setup - Due on a specific date - Dynamics 365 Business Central Forum Community Forum

    Or you can Establish customer payment terms:

    1. Go to Navigation pane > Modules > Accounts receivable > Payments setup > Payment days. The setup for the Terms of payment is shared for Accounts receivable and Accounts payable. If you define it in module, it will be available in the other module also. For this task guide, all of the terms of payment under Accounts receivable are set up.
    2. Click New. Create a payment day if your terms of payment require a specific day of the week (Monday, Tuesday, etc) or a specific date of the month (5th, 10th, etc).
    3. In the Payment day field, enter an ID.
    4. In the Description field, enter a description of the payment day.
    5. In the Week/Month field, select either 'Week' or 'Month'. If you want to enter a day of the week, such as Monday, select Week. If you want to enter a date in the month, such as the 10th, select Month. Select Month for this example.
    6. In the Day of month field, enter a date. The date should be entered as a number, such as '10', and not as '10th'.
    7. Click Save.

    Hope my answer can help you.

    Best Regards,

    Charlotte

  • Suggested answer
    André Arnaud de Calavon Profile Picture
    André Arnaud de Cal... 301,035 Super User 2025 Season 2 on at

    Hi sidrakhan,

    The link provided by Charlotte is about Business Central. The second part is valid for F&O.

    You can do the setup using Terms of Payments.

    1. Go to Accounts receivable > Setup > Payments setup > Terms of Payment.
    2. Create a new record where you specify a description like May 1 or 15 next year.
    3. In the field Payment method select the value Current year. (The date is now December 31)
    4. In the field Months you can set the value to 4. (The date is now end of April next year)
    5. In the field Days provide the value 1 or 15 to add additional days. (If selected 1, the date will be May 1 in the next year.

    You can combine this with the reply from Charlotte to get a specific weekday.

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