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kenb@coronetled.com

"As of" AR payment terms

Posted By

As in many industries, our customers cutoff their payment month on the 25th.  So if the customer gets an invoice from us on the 24th, it's due on the 10th (16 days later).  If they get an invoice on the 26th, it's due on the 2nd 10th, or 46 days later.

How can we setup that terms code?

Thanks.

  • 0

    In the U.S. it's called "prox" terms. 

    Does this help?

    www.sagecity.com/.../setting-up-payment-terms-5th-3rd-prox

    I found a HTG (how to guide) from V5 or V6 but it doesn't cover setting up Prox terms.

    Help file:  implement a variable method that enables the due date for the open items to be calculated based on the original document date, with the possibility to add a number of days or months. The due date can be forced to the end of month (Fdm column) and/or be pushed to the next fixed day on the month given in a list with a maximum of 6 set days(D1, D2, D3, D4, D5, D6).

*Community Hub is the new name for Sage City