x Want to participate? Join the group to interact
New

Provide net monthly payment terms as an option for supplier/customer accounts

As far as I can see, currently you are only able to choose a number of days from invoice date as the payment terms for a purchase or sales ledger account. It would be good if it was possible to set them up with net monthly terms, other accounts packages I have used have been able to do this.

Jo Clarkson

  • Defo a massive pain in the ass for calculating due dates of transactions should be an option for end of month then choose 1 month, 2 month, 3 month etc. and it know the end of that month date.

    currently have to set as end of month plus 28 days to avoid the anomoly of January invoices, but looks stupid, so by having ability to choose end of month then the number of days box saying months instead and choosing 1,2,3 etc. to make it if posting in April 0 being 30th April, 1 being 31st May, 2 30th June etc.
  • in reply to Geoff Turner

    Doesn't the 'Calendar Monthly' option provide the same as 'Net Monthly'?

  • In Customer/Supplier account maintenance, Payments tab, there are various options (although not net monthly!); The closest you can get to net monthly is 30 (or 31) days from end of month, which will at least work for some months.

    eg with 30 days from end of month, Invoice date 16 Apr, due date 30 May (only a day out!)

*Community Hub is the new name for Sage City