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K
KASHNI
October 2, 2024
Question

PAYMENT TERMS

  • October 2, 2024
  • 1 reply
  • 0 views

Good day,

 

please can anyone assist me with this query. We have set payment terms for invoices as net 30. if we invoice on the 2 September the due date on the statement shows as 2 October. how do i get the due date to show end of month (31 October)

 

Thanking you

1 reply

G
GeorgiaC
October 2, 2024

Hi KASHNI, thanks for posting on the Community. There's no default term for end of month, but you can create custom invoice payment terms to apply to the invoice to achieve this. To create the term:

 

1. Go to Setting and All lists (Take me there)

2. Select Terms and New

3. Enter a Name for the term

4. Choose Due by certain day of the month

5. Enter 31 in the day of month field 

 

You can create different terms (e.g. 30 day of month) for shorter months. Then, choose the relevant term from the Terms drop-down menu when creating the invoice. 

 

If you send the invoice to your customer on a monthly basis, you may consider setting up recurring transactions instead. 

 

Thanks for reaching Intuit support. We're just a post away if you have further questions or require additional assistance. 

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