Due Date Options for Suppliers can be found in Setups, Suppliers, Options, Suppliers Options. Using Due Date Options will allow you to calculate the Due Date on Supplier Invoices based on a Due Day, one or more months ahead regardless of the date on the invoice.
In the Due Day field enter the day of the month that invoices will be due for payment.
In the No. of Mths Ahead field Enter the number of Month's ahead. 0 will presume the Due Day is to fall within the current month, 1 will fall into next month etc.
For example Due Day 21 No.of Mths ahead 1 will give invoices a Due Date on the 21st of the following month regardless of the date the invoices were raised. Or 21 days after EOM.
📌Note: These terms can be used for:
all Suppliers by selecting Yes to Calc on every Invoice?.
only those Suppliers with 0 or Blank Usual Terms (days) set on the Account Tab on their Masterfile by selecting No to Calc on every Invoice?.
You can change Due Date Options at any time. However, take into consideration the consequence of the change. It is often best to change an option at the beginning of a new period.