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MichaelO86
October 17, 2020
Question

Wondering why 30 days from end of month is not an option for supplier payment terms

  • October 17, 2020
  • 7 replies
  • 0 views

As the post suggests. Most of my vendors have 30 days from end of month as the credit terms. It's one of the most common terms I've seen in any business. Yet, it's not available as an option. Anyone else noticed this?

    7 replies

    AlexV
    AlexV
    October 17, 2020

    Good day, MichaelO86.

     

    You can set up a new payment term in QuickBooks Online. Let me show you how!

    1. Go to the Gear icon and select All lists.
    2. Click Terms, then New.
    3. Select Due by certain day of the month. 
    4. Enter which day of the month and the total days. Click Save.

    I've added these links for more details:

    Post again here if you need anything else. Stay safe!

    M
    MichaelO86Author
    October 17, 2020

    This is the term required:
    End of month + 30.

     

    The options you have highlighted allow: 

    x day of the month (so best case, 30th day of the current month)

     

    The other option doesn't seem to make sense based on what I'm asking for. If any invoice is given to me due even on the 1st of October, I want the due date to set as 30th November.

      Adrian_A
      Adrian_A
      October 17, 2020

      I appreciate you for getting back to us, MichaelO86.

       

      The option to set the terms on every 30th of the month isn't available. We can only select either Due by certain day of the month or Due the next month if issued within.

       

      That being said, I'll take note of this idea and share it with our developers.

       

      I'm just a post-away if you need help. Keep safe!

      N
      nortsandcrosses
      February 9, 2021

      To create 30 days EOM terms.  Click Cog, click "All Lists".  Click "Terms".  Click "New". 

      Select "Due by certain day of the month".  Enter 31 in the next 2 boxes.  See setup below.  

      A
      absolute print
      July 15, 2021

      Has this been rectified - is there a work around yet.. 

       

      Let me know 

       

      Hak 

      MichelleBh
      MichelleBh
      July 15, 2021

      Your satisfaction means everything to us, absolute print.

       

      I appreciate the update about supplier payment terms in QuickBooks Online (QBO). I'll route you to a page where you can post feature suggestions. This way, our engineers can find a scheme on how making this feature available shortly.

       

      Here's how: 

      1. In your QBO account, go to the Gear icon on the upper right side. 
      2. Click Feedback under Profile.
      3. Type your suggestion in the box and tap Next. 

       

      Your valuable suggestion goes to our Product Development team to help improve your experience in QuickBooks.

       

      In the meantime, I'd suggest following the workarounds provided by the Community agents and QuickBooks Allstars in this thread. This way, your supplier transactions, and reports are precise. 

       

      Additionally, as soon as the end of the month terms is available in QBO, I will certainly be back in the thread and give you an update. Thus, you can issue an invoice or record a bill with the updated terms. 

       

      Moreover, you have an option to run a report on each of your terms. In this manner, you can track and manage your supplier or customer terms. See the sample screenshot below for your reference. 

       

      Lastly, check out this article about handling your payment terms and to learn more about personalising sales forms in QuickBooks. 

       

       

      Let me know in the comments section if you need any extra help with your account. I'm here to help. Keep safe. 

      W
      Where is the quick
      February 18, 2022

      All invoice terms should be calculated from send date.  This would be the most logical solution.  When can we expect the quickbooks engineers to resolve this issue?

      J
      JRG5
      April 11, 2022

      I have been reading through the comments and it seems like this has been going on for long enough now? This is a real issue for myself as all my suppliers and customers use these payment terms, can someone please do something about it. 

      @MichaelO86 wrote:

      As the post suggests. Most of my vendors have 30 days from end of month as the credit terms. It's one of the most common terms I've seen in any business. Yet, it's not available as an option. Anyone else noticed this?

       

        JasroV
        JasroV
        April 11, 2022

        I appreciate you for taking the time in reviewing this thread, @JRG5.

         

        I can see how beneficial it is to your business to adjust the terms of your invoice after the end of the month terms.

         

        While this option isn't available in QuickBooks Online (QBO), I recommend utilizing a third-party app that has the feature you need. Simply go to the Apps menu inside your QBO and look for an app from there.

         

        I'd also suggest sending your feedback to our Development team. Your opinion matters to us as this helps us improve QBO to suit your business needs.

         

        Additionally, in case you want to learn how to modify your sales form in QBO, feel free to check out this article for reference: Customise invoices, quotes, and sales receipts in QuickBooks Online.

         

        I'm all ears if you need more help managing your invoices or QBO. It's always my pleasure to help you. Have a good one!

         

        T
        T7Design
        September 13, 2022

        I second what everyone says above, 90% of our customers expect this term! It would be nice to have this as a default option.

          P
          PSElec
          April 20, 2023

          Did this ever get sorted??

           

          D
          DM_alternatives_to_this_garbag
          July 16, 2023

          It's embarrassing that this issue hasn't been resolved since 2020. 

            S
            Steve337
            July 21, 2023

            Why is this not available on Quickbooks yet. Recently set up and have discovered this, makes the system almost useless... any suggestions of other software providers that actually has this commonly required function?

            R
            ReymondO
            July 21, 2023

            Hi there, @Steve337.

             

            I completely understand the importance of calculating invoice terms from the send date for you and your business. Please rest assured that all suggestions are carefully evaluated by our product engineers. Their implementation depends on the volume of requests and how they influence the user interface.

             

            To ensure your suggestion receives proper consideration, I recommend submitting your feedback directly to our product engineers. Here's how you can do it:

             

            1. In your QBO account, go to the Gear icon on the upper right side.
            2. Click Feedback under Profile.
            3. Type your suggestion in the box and tap Next.

             

            While we actively work on integrating this feature, you can check the workaround shared by nortsandcrosses in the other thread to achieve similar results.

             

            Although we cannot recommend specific software or apps offering this feature, you are free to explore alternative solutions outside our program that may suit your needs.

             

            To stay informed about the latest updates and developments in QuickBooks Online, I recommend visiting our QuickBooks Blog.

             

            You can also check this article about payment terms in QuickBooks: Fix inconsistencies in due date and invoice date in QuickBooks Online.

             

            Thank you for your valuable feedback, and we strive to continuously improve your QuickBooks experience based on user insights like yours. Should you have any further questions or concerns, feel free to reach out anytime. We're here to assist you!

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