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lynn23
February 20, 2020
Question

Can I set up terms that are 2% 10th, Net 60 to give me discount date of the 10th of the following month and a due date of the last day of two months following?

  • February 20, 2020
  • 2 replies
  • 0 views
Example - invoice date 2/5/20 (thru 2/28/20) discount date 3/10/20 Due date 4/30/20

2 replies

M
Mark_R
February 20, 2020

Glad to have you here in the Community, @lynn23.

 

Currently, QuickBooks only allows you to set terms for the discount date before the specific day of the month.

 

I can see how beneficial it is for you and your company to set terms for the discount date before the day of the following month. But I want to let you know that your voice matters and I'm submitting feedback directly to our product engineers for consideration.

 

For now, you can visit our blog site so you'll be able to get the latest news about QuickBooks and what our Product Care Team is working on. 

 

You can also read through this article to know more about setting up terms in QuickBooks Desktop: Set up payment terms.

 

Please keep in touch if there's anything else I can do to help you succeed with QuickBooks. I've got your back. Have a great day.

E
eawarner1
March 20, 2020

hi... the discount was well within the date it was taken.

L
lmeyers
April 9, 2020

I have the same question.  We have a vendor that has all bills due by the 25th of the following month, and discount can be taken if paid within 10 days of following month.  If the invoice date is 4/1/20 the discount date would be on 5/10/20, and due date on 5/25/20. Cannot figure out how to set up!

    Fiat Lux - ASIA
    Fiat Lux - ASIA
    February 20, 2020

    @lynn23 

    Explore the invoicing feature in this 3rd party app. You may find something useful. Unfortunately it only supports QBO. Consider an importer tool should you need to import the data in bulk to your QBD.

    http://get.practiceignition.com/quickbooks

     

    Hope it helps.

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