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End of Month payment terms

+9

I’ve set up new payment terms in IFS for 60 days from End of month.

This appears to be calculating 60 days from invoice date and then pushing out to End of Month, anything dated in June is due on 31st August.

Is it possible to calculate End of Month then 60 days, for example anything dated June would be due on 29th Aug (60days from 30th June)?

Best answer by Nancy Fink

If you setup as below -- believe this will give you the results you wish.

+14

If you setup as below -- believe this will give you the results you wish.

+14

Have you tried this setup:

Best-Christy

Best- Christy

+7

Have you tried this setup:

Best-Christy

This doesn’t work for us.

We have the above set up. (60EOM)

Invoice 1st August … we would expect the invoice to be due on 31st October.

IFS is (with the above set up) making the Due Date 30th September.

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