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Summary
This article describes how to set the due date on Invoices. The due date does not affect when billing occurs the date merely sets when an invoice on an account is due.
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Credit Rating Configuration
Click on the on Setup tab
Under the section Accounting select Credit Ratings and you will be presented with the Credit Ratings table
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To apply due dates to invoices using the Bill Group Configuration
Load the Load Setup tab
Under the section Accounting select Bill Group and you will be presented with the following screen
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Below we will list a few examples on how the Credit Rating and Bill Group work together to form due dates based on their settings.
Example 1: If you perform a Bill Run on the 20th of the month and you want the Invoice Date to be the 1st of the following month, these are the settings that you would require:
Ensure that within the Credit Rating, the Credit Term is set to '1". As previously described, setting the Term to "1" sets the date to the first of every month.
Within the Bill Group, make sure of the following setting
Invoice Due Date Type = Invoice Date
Example 2: If you perform a Bill Run on the 10th of the month and you want the Invoice Date to be 5 days later, so the 15th, you would configure these settings:
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