Credit terms

SETUP -> Credit terms

Describe the credit terms that can be selected for SETUP -> Vendors.

• Description - credit terms description.
• Credit days - added to the After date below to calculate the due date for invoices. You can use a negative value but the -900 range is reserved for special values:
  • -920 - 20th of the month following
  • -931 - End of the month
  • -960 - End of the following month
  • -915 - 15th month following if invoiced after 15th, otherwise end of month
• After - the date for the Credit days to be based on. For any special values, this will be ignored.
• Fixed date - only visible if Fixed date was entered in the After field. Enter the due date.