I’ve never set up a EOM terms before but need a Net 60 EOM, meaning we will pay net amount at the end of the month which is at least 60 days past the invoice date. I think we should use type End of X Month(s) On Y Day(s) and set the number of months at 2 and due on day at 31 with no discount. Can anyone confirm if that is correct?
Many thanks.
Good Morning,
If you do this setup, it will not be correct for an invoice the 31rst of December because the date will be the 28 of Februar, so this means only 59 days after invoice date.
So, the following setup will make sure you really have 60 days, see attached print screen.
I hope it helps.
Have a nice end of year,
Thierry
Many thanks for the quick reply. We’ll test this out today.
Happy holidays - stay safe,
Bruce
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