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userhelen1
January 27, 2021
Question

How to create customer's payment term '30 days from statement' in Quickbooks online (term means if an invoice issued in any date in Jan, due date would be end of Feb).

  • January 27, 2021
  • 2 replies
  • 0 views
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2 replies

MaryLurleenM
MaryLurleenM
January 27, 2021

I got you, userhelen1.

 

Setting the payment term will only take a few steps, and you have two options to do it,

 

First, you can set it up as a default term. Here's how:

  1. Click the Gear icon.
  2. Select Account and settings.
  3. Click Sales on the left pane.
  4. Click the edit icon for Sales form content.
  5. Select Net 30 for Preferred invoice terms.
  6. Click Save, then Done. 

The other option is to set payment terms for particular invoices. This only applies changes to this specific invoice.

 

 

That should do it! I'll be right here if you have other questions. 

 

U
userhelen1Author
January 28, 2021

Dear

Thanks for the reply!

However I need term '30 days from statement', not '30 days net'. The difference is: for '30 days from statement', all invoices in January will be due end of February, but '30 days net' just add 30 days on each invoice date.

It seems Quickbook doesn't have this option?

J
JamesDuanT
January 28, 2021

Thanks for getting back to us and providing additional details about your concern, userhelen1.

 

The steps provided by MaryLurleenM help you set a default invoice term when creating an invoice. You will no longer need to change the term every time you create an invoice, unless you want to use a different term for a specific invoice.

 

I'll show you how to create a term that dues on every 30th of the month. Here's how:

  1. Click the Gear icon in the upper-right corner and select All lists.
  2. In the Lists page, select Terms.
  3.  Click the New button and enter the Name.
  4. Select Due by certain day of the month radio button.
  5. Enter the 30 in the day of month box.
  6. Click Save.
  7. Follow the steps provided by MaryLurleenM to set the new term as default.

After managing the invoice terms, you can already create an invoice that will due on the 30th of the month.

 

If you want the invoice to due on the 30th of the following month, you'll have to enter the Due date on the Invoice manually.

 

Those are our suggested options based on the details you've provided. Your idea about the invoice terms is interesting and we'll let our Product Development Team know about it. They might put it into consideration for product updates.

 

Feel free to get back to us if you need anything else. Have a great day!

R
RDyman
July 26, 2021

Hi, I am having the exact same problem as you mentioned here. I need a term for 30Days from Statement and not 30Days Net, were you able to resolve your issue? if you did could you please advise me what you did so that I can correct our side as well.

 

Thank you

J
jamespaul
July 26, 2021

Hello, RDyman.

 

Glad to you have in this thread. I'd be happy to elaborate on what you can do with the invoice payment terms in QuickBooks Online. 

 

As what my colleagues had suggested, QuickBooks offers two types of payment terms at this time (Due in fixed number of days and Due by certain day of the month).

 

The option to set the terms to have the due on the last day of the next month (after the invoice is issued at any day of the current month) is currently unavailable. Though, this might be added in the future updates. 

 

For now, you can have two options to correct your invoice payment terms. 

 

The first option is to manually set the Due date when you create an invoice. 

 

 

The second one is to use the Due the next month if issued within box under the Due by certain day of the month option when creating your terms. Though, you might still need to tweak this or create multiple terms if needed. 

 

 

I'd also suggest sending feedback to our developers, so they'll consider adding this option. Simply go to the Gear icon, then select Feedback. 

 

If you need help recording your invoice payments, feel free to use this article as a reference: Record invoice payments in QuickBooks Online.

 

Also need to take care of your reconciliation? We have an article to help you with the process: Reconcile an account in QuickBooks Online.

 

I'm open to answer any other questions you might have for your invoices or any other functions in QuickBooks Online. Just reply here and I'll get back to you as soon as possible. 

L
Lawn Laddie
March 8, 2022

Has there been an update to do this yet? We term 28 days from the statement date of previous months invoices, not the day of invoice. It would seem every company with recurring services that bills monthly would have this issue.

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